Half of NSE 500 stocks trading 30% below peak levels

MORE than half of the companies in the NSE 500 index are currently trading at least 30% below their all-time peak levels, with many stocks continuing to hit fresh lows. This occurs even as the benchmark indices — the BSE Sensex and NSE Nifty50 — reached record highs in recent sessions. According to market experts, the rally in the market is primarily led by select bluechips while the overall sentiment, especially in the small-cap segment, remains muted.

- ARSHAD KHAN @New Delhi

“There isn’t one single trigger behind this fall. A combination of sector-wise cyclical moves, profit-booking, the ongoing US-India tariff tensions, and a weakening rupee has contributed to the pressure, despite the Nifty benchmark itself hitting new highs,” said Kkunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking. He advised that at current levels, investors should shift their focus towards value buying, where there is better visibility and a sense of capital safety.