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Market move▼ Bearish for Indian equities
Nifty 500 stocks fall up to 70% from 52-week highs; why broad market recovery may remain elusive in short term
The brief
- Nifty 500 stocks are down by as much as 70% from their 52-week highs
- Deep drawdowns and a weak recovery outlook weigh on Indian small- and mid-cap sentiment
- FII selling keeps Indian stocks under pressure: Brokerages flag crude, global yields as key risks
- Indian Equities Are Falling: These Are The Reasons
- Experts' views: Can new HDFC Bank CEO-MD Anup Bagchi's appointment change fortunes of Sensex, Nifty, Bank Nifty indices?
- Suzlon, KPIT Tech, RIL, IRFC, HDFC Bank, Infy: 56% Nifty500 stocks in bear grip amid market sell-off
- Up 45% in 1 year, down 7% YTD: Is this multibagger NBFC stock a buying opportunity now?
Nifty selloff and foreign investor outflows
The Nifty fell for eight straight weeks, including a 6.7% decline in the September derivatives series, and broke below its 200-day moving average on a weekly basis. Reports cited foreign investor selling, high US bond yields and rising crude prices; Nifty 500 stocks were down as much as 70% from 52-week highs.
Friday, 2 October
- Nifty 500 stocks fall up to 70% from 52-week highs; why broad market recovery may remain elusive in short term