Power Grid, Grasim, NTPC trading 40% above Oct-Nov lows

The markets saw a free fall in the last one hour of trade today. The Sensex closed below its November closing lows of 8451 and the Nifty broke crucial support levels of 2650. Several blue chip stocks have slipped below their October-November closing lows. They include HCL Technologies, Reliance Capital, PNB and DLF.
On the sectoral front, the BSE IT, realty, capital goods and banking indices fell 10-14% from their October-November closing lows while BSE auto, FMCG, oil & gas and metal were still above that level.

From the October-November closing lows, the benchmark index Nifty is still above 3% while Sensex has slipped below that level in today’s trade.

The stocks that are below their October-November closing lows are:
HCL Technologies down 30%,
Reliance Capital down 24%,
Reliance Comm down 24%,
PNB down 22,
DLF down 21%,
L&T down 20%,
ABB down 16%,
Wipro down 9% and
Siemens down 9%.

However, stocks like Power Grid, Grasim Industries, Cairn India, Ambuja Cements, NTPC, Nalco and BPCL have bucked the trend and are trading over 40% from October-November closing lows.