Over 340 stocks from BSE500 underperformed indices in the first half of 2019

Over 340 stocks from the BSE500 index have underperformed the benchmark index, which rose over 9 percent, in the first half of 2019.

Of this, 280 stocks gave negative returns as market sentiment remains exposed to the slowdown in the economy, concerns around liquidity woes for non-banking finance companies (NBFCs) and a slowdown in consumption on the domestic front. Political uncertainty due to the general elections in May 2019 also impacted sentiment.

Reliance Communications (RCom), Reliance Power, Reliance Infra, Jet Airways, Dewan Housing, Reliance Capital, Jain Irrigation, Jaiprakash Associate, HEG, Eveready Industries and Graphite India fell over 50 percent this year on increase in loan defaults and pledged shares.