Nifty 50 Junior hits 9-month low, drops over 10% in January; Zomato leads losses
1 month, 3 weeks ago

Nifty 50 Junior hits 9-month low, drops over 10% in January; Zomato leads losses

Live Mint  

Indian Stock Market: The once high-flying Indian stocks, which seemingly rallied with no upside limit, are now sliding as investors reassess valuations amid market headwinds. Nifty Junior's worst month since 2020 Amid this backdrop, the Nifty 50 has corrected nearly 12% from its September peak, while the Nifty 50 Junior, representing the subsequent tier of liquid securities after the Nifty 50, has witnessed even more pressure during the recent correction. Commenting on recent market developments, Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "YTD Nifty is down 3.3%, while Nifty Midcap is down 9.1%, and Nifty Small Cap is down 14.71%. Top Nifty 50 Junior index losers Only eight stocks in the Nifty 50 Junior index are currently trading in the green zone this month, while the rest are trading in the red, with 18 stocks sliding in the range of 10% to 26%.

History of this topic

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