ITC, RIL, HDFC Bank among top laggards as Nifty falls over 12% in 2026: Time to buy beaten-down stocks or wait for a recovery?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty 50 index fell 12.28% in 2026, with 34 stocks like ITC, RIL, and HDFC Bank dropping up to 34%.
- ✓Vinod Nair said, "Large-cap stocks have corrected sharply amid FII selling." Many investors now look for long-term value as valuations dip below historical norms despite the ongoing market pressure.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
In 2026, the Nifty 50 index faced significant drops, with 34 out of 50 stocks plummeting by as much as 34%. Analysts believe that the sell-off is driven by foreign institutional investor exits and a conservative outlook on earnings. This decline presents potential opportunities for long-term investors as valuations dip below historical norms.
The market sell-off has taken a toll on blue-chip stocks, with 34 of the 50 Nifty 50 constituents, including ITC, Reliance Industries (RIL) and HDFC Bank, posting losses of up to 34% in 2026, while the benchmark index has declined 12.28% over the same period.
FMCG major ITC leads the list of worst-performing stocks, plunging 34% so far this year, followed by Maruti Suzuki India, which has fallen 32%. HDFC Bank and HDFC Life Insurance Company have declined 31% each, while Jio Financial Services has shed 30%, according to data from ACE Equities.
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Economic Times
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