• SENSEX
    NIFTY 50
Market

Diwali sale on D-Street: Nearly 30 Nifty stocks fall 20-60% from 52-week highs

Updated : October 30, 2018 12:44 PM IST

Just ahead of Diwali, more than 50 percent of the stocks in the S&P BSE Sensex and Nifty50 are down over 20 percent which suggests that bears have taken control, or bear phase has begun in these stocks.
"This is a Diwali sale, investors should buy good stocks. I would buy IndusInd Bank at current levels. The management of IndusInd Bank is high in quality,” Dipen Sheth of HDFC Securities said in an interview with CNBC-TV18.
Among the Nifty50 names, over 50 percent or 28 out of 50 stocks have plunged 20-60 percent which include HPCL, BPCL, Indiabulls Housing Finance, Bharti Infratel, Vedanta, IOC, Adani Ports, Bajaj Auto and UPL.
Diwali sale on D-Street: Nearly 30 Nifty stocks fall 20-60% from 52-week highs
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV