BSE-500 underperforms Sensex in last five sessions; 45 stocks tank over 10%

The selling spree continued on Dalal Street amid weak domestic and global cues. As the S&P BSE Sensex and the Nifty50 shed over 2% in the last five sessions, there were at least 45 stocks on the BSE-500 that tanked over 10% during the same period.  

The Sensex lost 2.4% in the last five sessions beginning September 19, while the BSE-500 underperformed to slip 3.5% during the same period, data available with database AceEquity showed.  
Among individual stocks from the BSE-500 pack, Infibeam Incorporation, Indiabulls Real Estate, Jai Corp, Himachal Futuristic Communications, Indiabulls Ventures, and Religare Enterprises tanked between 15% and 22%.

Strides Shasun, Reliance Naval and Engineering, ACC, DHFL, BEML and NIIT shed between 10% and 13%.

On Tuesday, the BSE-500 was down marginally, while the Sensex dipped 170 points or 0.5% to 31,455 in intraday trade.

Experts belive the fall in individual stocks is not stock-specific but occurred on account of a broader sell-off in the markets triggered by an expected economic stimulus, which could have increased the fiscal deficit of the country, while the geopolitical tensions on the Korean peninsula also weighed.

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