Indian equities extended a losing streak, with 56% of Nifty 500 stocks now trading at least 20% below their 52-week highs. The broad-based correction indicates a deepening bear grip across the benchmark index.
Named companies including Suzlon, KPIT Tech, Reliance Industries, IRFC, HDFC Bank and Infosys are among those caught in the downturn. Their decline contributes to the widespread weakness observed across the wider market.
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Foreign institutional investor outflows, higher crude prices and rising yields are fueling the correction across the board. The data was reported by Business News India as market sentiment turned negative.
