Why Sensex sank 439 pts; 'Unusual Q2' for TCS; 81 stocks hit fresh 52-week lows; 73 multibaggers to bet on

ET Markets Daily Brief | Thu, Oct 13, 2016 | 06:21 PM IST Follow ET Markets

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Sensex plunges 439 points; top five factors that weighed on Dalal Street Nifty50 slipped below its crucial level of 8,600. The selling was broad-based as both S&P BSE Smallcap and Midcap indices slipped more than 1 per cent each. 'Unusual Q2' for TCS: Net profit jumps 4.5%; Ebitda margin expands to 26% ET Now poll had anticipated the IT major to deliver 1.47 per cent quarter-on-quarter growth in revenues at Rs 29,735.30 crore for September quarter. Top six takeaways from TCS Q2 results for investors Shares of Tata Consultancy Services (TCS) dropped over 2 per cent on Thursday ahead of its second quarter earnings scheduled later for the day.

Interview One to One "Having a central bank take their foot off the gas is a positive development because it means the economy is getting ... James E Glassman , JPMorgan Chase

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Market Watch 13 Oct | 06:21PM| SENSEX NIFTY USD/INR GOLD 27643.11 ↓-439.23 8573.35 ↓-135.45 66.93 ↑0.40 29765.00 ↑114.00

Gainers Losers 13 Oct, 2016, 06:21PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Tulsi Extrusions Ltd. 5.76 20.00 276610 5.76 5.21 Genus Paper & Boards Ltd. 6.06 20.00 838968 6.06 5.27 Tarini International Ltd. 7.98 20.00 3000 7.98 7.98

Tweet of the day... PNB Housing Finance gets Sebi nod for Rs 2,500-cr IPO

FROM THE NEWSPAPER

Sensex below surgical strike level; 81 stocks hit fresh 52-week lows The fall in the market is broad-based triggered by weak Chinese data and possibility of an interest rate hike by US Federal Reserve in December. One of every two listed MNC stocks proved multibaggers in 5 years! 73 of the 139 stocks, where foreign promoter holding is in excess of 50%, jumped between 100% and a jaw-dropping 5,851% over the past 5 years. BLOG: Look what happened in your market all through Thursday ​ As the US Fed returns to spook sentiments on Dalal Street, only some good September quarter earnings can help matters on Dalal Street. Investors lost Rs 10,000 crore in TCS ahead of quarterly earnings The IT company will announce its results at 5 pm. At this price, the market capitalisation of the firm was down about Rs 10,000 crore over Monday's closing. Oil prices fall on higher OPEC output, rise in US crude stocks Brent crude futures were trading trading at $51.46 per barrel, down 35 cents, or 0.68 per cent. US WTI crude was down 42 cents at $49.76 per barrel.

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