Reliance, Infosys to SBI — 75 large-cap stocks in bear grip as market selloff deepens

Table of Content


Stock market: Indian stocks have been going through a rough phase in recent months as the world’s fifth-largest stock market faces heightened uncertainty, driven by Donald Trump’s stop-start tariff policies, which are pushing investors away from risky bets due to concerns about the global economic fallout.

From West to East, all major markets are feeling the heat of Trump’s trade policies, as he makes headlines daily by announcing tariffs on the U.S.’s closest trading partners and threatening reciprocal tariffs on other countries.

Also Read | Are retail investors losing interest in small & midcaps amid market turmoil?

These actions are part of his goal to strengthen American manufacturing, but they are unsettling investors, who fear that his policies could drive up domestic prices and potentially slow down the economy, which currently accounts for 25% of the world’s GDP.

While Trump pushes his agenda to “Make America Great Again,” consumers, corporations, and the U.S. Federal Reserve view tariffs through a different lens. They worry that tariffs could strain budgets, slow business growth, and influence interest rate decisions.

These fears have strengthened after Trump said his policies could cause short-term pain and did not rule out a recession amid the implementation of U.S. tariffs, sending U.S. benchmark indices into correction territory on Thursday.

Also Read | Market volatility hits IPOs, 37 newly listed stocks now below issue prices

Back in India, as the country grapples with its own challenges, including a slowdown in the economy, weak urban spending, declining corporate profits, and lofty valuations, Trump’s aggressive stance on tariff policies has added another layer of uncertainty, causing Indian blue-chip stocks to trade at multi-month lows. 

Once high-flying, these stocks are now in a sustained free fall, eroding billions of investors wealth as overseas remained net sellers over the last six months (including the current month), withdrawing over 3.5 lakh core during this period.

While fears of a slowdown in the U.S. economy persist, concerns are also growing that Trump may announce reciprocal tariffs on India, as he has repeatedly referred to India as one of the highest tariff nations and claimed that selling products in India is relatively difficult.

Also Read | Nifty IT index drops 2% to 7-month low as US recession fears hammer tech stocks

White House Press Secretary Karine Jean-Pierre on Tuesday criticised India for imposing a 150% tariff on American alcohol and a 100% tariff on agricultural products. If tariffs are imposed on India, experts believe that it could further impact Asia’s third-largest economy, as the economy is expected to hit a four-year low in FY25.

75 large-cap stocks trade 20-60% below recent peaks

Indian large-cap stocks have shown resilience in recent weeks, even as U.S. markets remain under sustained pressure. However, the majority of stocks have lost significant value in the prolonged sell-off, which began in October last year.

According to Trendlyne data, 75 constituents in the BSE Large-Cap Index are now trading 20% to 60% below their recent highs. On Dalal Street, corrections are defined as losses of 10%, while bear markets are marked by drawdowns of 20% or more.

Also Read | 2W stocks fall: Bajaj Auto, Hero Moto and others drop up to 42% from highs

All major Adani Group stocks, including Adani Green Energy, Adani Total Gas, Adani Power, Adani Energy Solutions, Adani Enterprises, and Adani Ports & Special Economic Zone, are down 30% to 60%, with Adani Green Energy leading the losses.

Stock Name 52-Week high Current Market price Fall from 52-week high
Adani Green Energy 2174 873 60%
IndusInd Bank 1576.35 672 57.35%
Adani Total Gas 1190 604 49.21%
IRFC 229 117 48.61%
Hindustan Zinc 807 430 46.76%
Indian Overseas Bank 75.55 41.54 45.02%
Tata Motors 1179 655 44.40
ABB India 9149.95 5118 44%
Samvardhana Motherson 216.99 121.76 43.89%
Jio Financial Services 394.70 222.6 43.60%
Hero MotoCorp 6246.25 3529 43.50%
Source: Trendlyne

Likewise, five Tata Group stocks—Tata Motors, Tata Consumer Products, Tata Consultancy Services (TCS), Tata Steel, and Titan—have declined 20% to 44% from their respective 52-week highs.

Tata Motors has been the worst hit among the group stocks, ending the last seven months in the red—its longest monthly losing streak in a decade. During this period, the stock plunged from 1,179 per share to 655, marking a 44% decline. TCS, the largest listed Tata Group stock by market capitalization, has dropped 23% from its recent highs.

Also Read | Is a market rebound coming in March? What historical data suggests

The once high-flying PSU stocks, including Indian Railway Finance, Power Finance Corporation, and NTPC, couldn’t escape the recent sell-off, as they are now down up to 49% from their one-year peaks. Other stocks such as Infosys, Reliance Industries and SBI are now down by up to 21%. 

Analysts downplay tariff risks, says Indian large caps look attractive

As Indian stocks witness a sustained decline, global brokerage firms remain bullish on India. Morgan Stanley recently stated that reciprocal tariffs will likely pose only a minor risk, while adding that valuations in large caps have turned attractive after the recent dip.

Another global brokerage firm, Jefferies, also stated that historically, India tends to outperform other emerging markets within 90-180 days following a period of underperformance. It noted that the country’s valuation premium is now closer to average levels, well below its 2024 peak.

Also Read | Trump threatens 200% tariff on wine, champagne from France, other EU countries

With the dollar index down 6% from its peak, FPI flows could potentially reverse, as Jefferies’ FPI ownership tracker indicates that India’s positioning among EM funds is at a decade low.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business NewsMarketsStock MarketsReliance, Infosys to SBI — 75 large-cap stocks in bear grip as market selloff deepens

MoreLess



Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

Trending News

Editor's Picks

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Continuing its leadership in the gold loan sector, Muthoot Finance has surpassed ₹1 lakh crore in gold loan AUM as of March 14, 2025. The achievement comes amid a strong demand for gold loans, as credit availability from other sources, including fintech lending, unsecured loans, and microfinance, has moderated in recent months, said a press...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION

Quick Links

Popular Categories

Must Read

AIMPWA © 2025- All Right Reserved. Designed and Developed by  growGX.com