Zee Media Bureau
New Delhi: DLF Limited and Jindal Steel and Power were the top losers in trade on Monday as their shares slumped by 8 percent and 7.5 percent respectively following regulatory probes against them.
Shares of DLF felt by about 8 percent totalling to over 15 percent sinc SEBI barred it from capital markets for three years on Oct. 13 in connection with it initial public offering in 2007.
On the other hand, Jindal Steel and Power was down by over 7 percent in the trade due to the on ongoing probe into coal block allocations.
Last week, the Central Bureau of Investigation (CBI) had filed a case of alleged cheating and corruption against the company relating to the probe into coal blocks allocated during 1993-2005 period.
Shares of Cairn India too felt by about 3 percent following the fall in the price of Brent to below USD 85 per barrel.
Brent felt after US investment bank Goldman Sachs cut its price forecast for the oil by USD 15 per barrel.
Meanwhile, the Sensex opened on a positive note but was struggling to hang on to its gain during the filing of this story.
