Nifty 500’s hidden bear mkt: Most stocks down 30%
India's market correction extends far beyond the headline Nifty decline, with half of the Nifty 500 stocks now at least 30% below their historical highs, according to market data. This downturn is even more pronounced for lower-performing stocks, with 167 companies, or 33.4%, down more than 40%. Nearly nine out of every ten Nifty 500 stocks have slipped at least 10% from their peaks, and 69.4% are down over 20%.
While the correction appears to be affecting a broad cross-section of the market, large-cap stocks are not immune to the downturn, facing pressures from rising US yields, a weak rupee, and FPI outflows. Analysts suggest that a relief rally could still be possible, but a sustainable recovery may require a reduction in external pressures.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
