‘A’ Group Stocks Touching New 52 Week Lows

BSE Advance Decline Statistics for 4th March 2009:

* Advances – 467 Shares

* Declines – 712 Shares

So the BSE Sensex did end in green but there were more stocks that went down then the stocks that went up. This clearly shows that there is no commitment or confidence in the market.

However, due to global rally and the rate cuts a rally is very much on the cards and short covering will might make the rally look even better.

‘A’ Group Stocks Touching New 52 Week Lows

* ABB

* Aditya Birla Nuvo

* Allahabad Bank

* Chennai Petro

* Dr. Reddy’s Labs

* Exide Industries

* HDFC Bank

* ICICI Bank

It would be important and beneficial to take special note of banking stocks as these stocks might have some short term bounce back as mentioned earlier as well.

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Tagged as: ABB, Aditya Birla Nuvo, Advances, Allahabad Bank, BSE Advance Decline, Chennai Petro, Declines