Since January 5, only 13 Nifty stocks have delivered positive returns, while 37 stocks have declined.
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The Nifty 50, which hit a record high of 26,373.2 on January 5, 2026, slipped to an intraday low of 23,697 on March 9. This marks a decline of about 10.1% from its peak.
A technical correction occurs when an index or stock falls 10% or more from its recent record high.
Since January 5, only 13 Nifty stocks have delivered positive returns, while 37 stocks have declined.
About 22 out of the 50 Nifty stocks have fallen 10% or more from their January highs. Meanwhile, seven stocks have declined over 20%.
The total market capitalisation of all BSE-listed companies has declined by around ₹43 lakh crore since January 5.
Wipro has emerged as the worst performer, falling 26% since January 5. Other major decliners include Jio Financial Services (24%), Asian Paints (23%), Tata Consultancy Services (22%) and Maruti Suzuki India (21%).
Despite the broader weakness, a few stocks have delivered gains. Oil and Natural Gas Corporation (ONGC) has risen 16%, while Bharat Electronics is up 9%. Power Grid Corporation of India, State Bank of India and Apollo Hospitals Enterprise have gained around 7% each.