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Five Sensex stocks drops more than 30% since October 2021

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Since October 2021, the top ten Sensex losers have fallen by more than 20%, with 5 of them falling by more than 30%.

The BSE Sensex fell 153.1 points, or 0.3 percent, to a 10-month low of 52,693.57, tracking major global markets, as investors remained concerned about the impact of hot inflation in the United States on already hawkish central banks and overall economic growth.

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Meanwhile, the S&P 500 confirmed it was in a bear market after Goldman Sachs forecasted a more-than-expected 75 basis point hike from the Fed tomorrow, the largest increase since 1994.

Domestically, India’s producer price index hit a new 23-12-year high, while consumer inflation eased in May.

Banks and technology led the declines, with losses led by IndusInd Bank (-2.12 percent), Tech Mahindra (-2.08 percent), and twin stocks HDFC bank (-1.24 percent) and HDFC (-1.24 percent) (-1.23 percent).

Power and metal stocks, on the other hand, surged, limiting the downside.

Following March 2020, Indian equities experienced a spectacular rally, with benchmark indices, the BSE Sensex and the Nifty 50, rising nearly 150% from their Covid-19 lows of 25,638 and 7,511 respectively.