Nifty 500 stocks fall up to 70% from 52-week highs; why broad market recovery may remain elusive in short term
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nifty 500 stocks fell up to 70% from their 52-week highs as the market stayed in a bear grip for over two years.
- ✓Weak corporate earnings and high oil prices triggered this pressure.
- ✓Experts said a broad market recovery may remain elusive in the short term due to global uncertainties.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The domestic market has been in a strong bear grip for over two years now, with stocks in the Nifty 500 index falling up to about 70% from their 52-week highs. Equity benchmark Nifty is down 18% from its 52-week high of 26,373.20, while the Nifty 500 index is down 9.5% from its 52-week high of 24,144.20.
Capitalmarket data show that stocks such as Vedanta, HEG Advanced Materials, Tata Motors Passenger Vehicles, Reliance Power, and KPIT Technologies are down between 62-68% from their 52-week highs.
KEC International, Inox Wind, Kaynes Technology India, and Avanti Feeds, Brainbees Solutions, RVNL, and PB Fintech are among the 16 stocks in the Nifty 500 index are down more than 50% from their one-year highs
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