The timing couldn’t have been worse: bang in the middle of the earnings season, and just days before the OnMobile IPO opens, the two major Indian stock exchanges – the Bombay Stock Exchange and the National Stock Exchange – were hit by a major selloff, the biggest in the history of the markets. At one point in time, the BSE Sensex fell by over 2000 points, to recover to 17657.37, around 1356 points down; it had been perilously close to hitting a circuit and shutting down for 30 minutes. The Nifty closed at 5208.80, down by 9.53 percent. Info Edge (BOM: 532777) (Naukri.com) had an Intra-day low of Rs. 901, down by over 22 percent, but recovered. Below is a chart of how some of the companies we cover fared on the markets today:
Data using Rediff (NSDQ: REDF) Moneywiz
Disclaimer: I own an inconsequential number of shares of Network18 Fincap and Info Edge

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