Indian equities are facing broad-based selling pressure, with 282 of the 500 stocks in the Nifty 500 index falling at least 20% from their respective 52-week highs, according to data cited from AceEquity. That means more than 56% of the index’s constituents have entered what is commonly defined as bear-market territory.
The weakness comes as benchmark indices extend their losing streak amid foreign investor outflows, elevated crude oil prices, rising global bond yields and continuing geopolitical concerns.
Several stocks have recorded substantially deeper declines. Reliance Power and KPIT Technologies have fallen about 62% from their 52-week highs, while KEC International, Inox Wind, Kaynes Technology India, Avanti Feeds and Brainbees Solutions have declined between 55% and 60%.
More than 40% declines have also been recorded in several companies, including IRFC, Wipro, SBI Cards, Pine Labs, Tata Elxsi, Swiggy and Rail Vikas Nigam.
Among large-cap names, stocks including Reliance Industries, HDFC Bank, Infosys, SBI, HUL and Airtel are also trading below their recent peaks.
Market participants cited higher crude prices, pressure on the rupee, foreign fund selling and rising yields as key factors weighing on sentiment. SBI Funds Management said higher input costs and global inflation pressures remain important market themes.
Meanwhile, analysts cited in the report pointed to businesses with visible demand drivers, differentiated capabilities and potential earnings growth as areas investors are monitoring as market conditions evolve.
