Taper Tantrum

So this happened…

NIFTY.2013-06-19.2013-06-20

… and not a single sector was spared the bloodbath.

sectorperf.2013-06-19.2013-06-20

 

Important stocks hitting 52-week lows:

BALRAMCHINKGLDLFGDLPUNJLLOYD
CROMPGREAVIOCANDHRABANKBAJAJHINDNMDC
BINDALAGROANSALAPIBALLARPURKSOILSALBK
HINDCOPPERRCFGTOFFSHORESIMPLEXINFPRISMCEM
BANKBARODAIDBINATIONALUMHINDPETROHOTELEELA
CENTURYPLYJPINFRATECPTCAPOLLOTYREVARUNSHIP
GAILBHELJPASSOCIATCHENNPETRODHANBANK
RENUKAALLCARGOKEMROCKNCCPETRONET
GUJNRECOKECHAMBLFERTDENABANKRANBAXYTATACHEM
IOBMRPLKECTORNTPOWERJYOTISTRUC
SRFTUBEINVESTENGINERSINOMAXECOREEDUTEC
CORPBANKGTLINFRAINDIAGLYCO

It might be too early to go bargain hunting. But long-term investors should start licking their chops…

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