Reblog: Are We In A Bear Market?
You might be feeling it’s an odd title given CNX Nifty (which consists of India’s top 50 companies) is merely 3.7% below its all-time high of 11,171, hit in Jan 2018.
Median drop in Nifty 50 Stocks from their 52-week high though is 17%, but the index is holding up thanks to a few heavyweights like HDFC Duo & Reliance hitting lifetime highs.
But what about broader markets?
Following is some eye-popping performance data about the 1,584 stocks listed on BSE with a market capitalization of more than Rs 100 Cr. as on 25th June 2018:
| Fall from 52-week high (Source: Ace Equity, Stalwart Advisors Research) | No. of Stocks |
| >= 60% | 106 |
| 50% – 59% | 175 |
| 40% – 49% | 289 |
| 30% – 39% | 359 |
| 20% – 29% | 336 |
The median fall for these 1,584 stocks from their 52-week high is 34%.