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Sensex cracks 200 points; these stocks tumble up to 25%

BSE Sensex lost over 200 pts on Tuesday afternoon after the Indian Army hit Pakistani posts.|
Updated: May 23, 2017, 03.35 PM IST
BSE Sensex lost over 200 pts on Tuesday afternoon after the Indian Army hit Pakistani posts.
BSE Sensex lost over 200 pts on Tuesday afternoon after the Indian Army hit Pakistani posts.
The domestic equity market reacted strongly to the news of Indian Army striking Pakistani posts across the Line of Control (LoC), with BSE Sensex plunging over 200 points on Tuesday.

In line with the broader bearish trend, many stocks slipped up to 25 per cent on the day.

Shares of Rasoya Proteins (down 25 per cent), FCS Software (down 20 per cent), Videocon Industries (down 19.95 per cent), Value Industries (down 19.09 per cent), KM Sugar Mills (down 15.45 per cent), KCP Ltd (down 15.40 per cent), Shekhawati Poly (down 14.29 per cent), Dhunseri Petro (down 13.65 per cent), Tera Software (down 12.30 per cent), AGC Networks (down 12.12 per cent), HPL Electric & Power Ltd. (down 11.76 per cent), Sicagen India (down 11.52 per cent), Pudumjee Pulp (down 10.84 per cent), Indo Count Ind (down 10.30 per cent), and Bhushan Steel (down 10.18 per cent) were trading down by over 10 per cent around 3.10 pm (IST).

In the Nifty pack, 14 stocks were trading in green, while 37 stocks were in red at around the same time on Tuesday.

The NSE Nifty index was trading 53.35 points down at 9384.90.

On the NSE, Rasoya Proteins, FCS Software, Videocon Industries, Value Industries, Shekhawati Poly, Tera Software, Visagar Polytex, Blue Blends, PSL Ltd, Bhandari Hosiery, Reliance Communications, Inox Wind Ltd., Satin Creditcare Network Ltd., GOL Offshore and Aurobindo Pharma hit their fresh 52-week low.

However, Kesar Enterprises, Rane Holdings, KIOCL Ltd., Lakshmi Finance, Eimco Elecon, Concor, Shakti Pumps, HOV Services, Hindustan Unilever, Rajesh Exports, and Subros touched their fresh 52-week high.

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