This is turning out to be Worst Year Of INDIAN Stock Market in last 7 years.Almost all major stocks have corrected more than 40 % in this year.(Values given below might slightly vary due to daily change in price)
NIFTY(Major Indian Stock Market Index)- has dropped from life time high 11760.20 to 9951.90 in 8 weeks time.You can see weekly charts of NIFTY below.
Another major index SENSEX have also corrected from life time high of 38989.65 to 33723.53 in 8 weeks.
Now that’s a 13.50% drop in SENSEX and 15.38 % drop in NIFTY.This sharp drop have started from the month of August 2018.
Overview of major NIFTY50 stocks
If you take a clear look of how major stocks have behaved during this phase,its a nightmare.Lets look at all 50 stocks of nifty one by one.
ADANIPORTS NSE stock made a lifetime high of 452.35 this year.Currently its trading at 317.90 i.e. 29 % drop in its value.
ASIANPAINT is fundamentally strong company and in 2018 made a lifetime high of 1490.60.This stock is currently trading at 1163.80 i.e. 21 % decrease in this year.
This year AXISBANK made a high of 677.95 and is trading now at 568.55 i.e. 16 % drop.
Another fundamentally strong company made a lifetime high of 3468.35.Current stock price of BAJAj-AUTO is 2571.45 i.e. 25 % drop in this year.
Lifetime high for BAJFINANCE is 2994,made in 2018 and now this stock is trading at 2173.25 which is 27 % drop from its lifetime high value.
BAJAJFINSV is currently trading at 5056.35.It made a lifetime high of 7200 in this year.That’s a 29 % drop in total this year.
BHARTIARTL made a high of 542.50 this year and is currently trading at 288.70,i.e. 46 % drop in its stock value.
2018 high for BPCL is 523 and it is currently trading at 281.75 i.e. 46 % drop in this year.
CIPLA is a pharma sector stock and has not dropped much in value.We will not compare pharma sector stocks and IT sector stocks till we see a significant drop in its stock value i.e. at least a 20 % drop this year.
COALINDIA is falling from 2015 high of 447.10.It is currently trading at 275.10.2018 and year high for COALINDIA is 316.95.Total drop in COALINDIA this year is 13 %.
DRREDDY is another pharma sector stock.From 2015 year high of 4386.60,it has dropped significantly.It is currently trading at 2408.90.
High of EICHERMOT in 2018 is 32236.70 and its currently trading at 21965.That is a 31 % drop in this year.
GAIL made lifetime high of 399.40 this year and is currently trading at 341.65.That’s a 14 % drop.
GRASIM made lifetime high of 1375 in 2017 and its 2018 high is 1261.10.It is currently trading at 818 i.e. 35 % drop in a year.
HCLTECH is a IT sector stock and is performing well overall.Depreciation of Rupee against US dollar have helped IT sector stocks.
2018 high of HDFCBANK is 2220 and it’s the lifetime high.Its currently trading at 1987.10 i.e. 10 % drop in its value.
HDFC made lifetime high of 2052.95 in 2018 and is currently trading at 1728.30.That is a 15 % drop in its stock value.
HEROMOTOCO made life time high of 4091.95 in 2017 and this year high is 3825.Currently it’s trading at 2700.It has dropped 29 % of its value this year.
After making a lifetime high of 284 in 2018 HINDALCO is currently trading at 225.That is a 20 % drop in stock value.
In 2017 HINDPETRO made a high of 492.80.Its currently trading at 224.30,i.e. a 54 % drop its its value as compared with previous year high.This year in 2018 it made a high of 435.So its a 48 % drop in its stock value this year.
HINDUNILVR is fundamentally strong company.It made lifetime high of 1808.65 this year.Its currently trading at 1569,i.e. 13 % drop in value.
In this year IBULHSGFIN made a lifetime high of 1440 and is currently trading at 751.90.That’s a 47 % drop in this year.
ICICIBANK has not dropped much in value and looks steady with its overall growth.It made a high of 365.70 and is currently trading at 324.50.
INDUSINDBK made a high of 2038 and is currently trading at 1517.That’s a 25 % drop in its stock price.
In 2015 INFRATEL made lifetime high of 499.65.Currently it is trading at 260.65.High of INFRATEL in 2018 is 383.45.Overall drop this year till now is 32 %.
INFY is a IT sector stock and looks steady with its overall growth.Currently its trading at 654.
IOC is currently trading at 133.75 and it made a lifetime high of 231.48 in 2017.This year high is 213.70.Overall drop in IOC till now in this year is 37 %.
ITC looks good with its overall steady growth.2017 high for ITC was 367.70 and its currently trading at 287.95.This year high for ITC is 322.95.Currently its trading at 287.95 i.e. 10 % drop in its stock value this year.
JSWSTEEL made a high of 427.55 this year.Its currently trading at 348.25.That is a 18 % drop in value.
KOTAKBANK made lifetime high of 1417 this year.Currently its trading at 1159.55 i.e. 18 % drop in value.
LT loks steady with its overall growth.This year high for LT is 1470.Currently its trading at 1211.Overall drop in its stock value this year is 17 %.
M&M made lifetime high of 993 this year.Currently its trading at 731.65 i.e. 26 % drop in value.
MARUTI made lifetime high of 9996.40 last year.This year high for MARUTI is 9929.Currently its trading at 6743.70.Overall drop this year is 32 %.
From last 3 years NTPC is trying to gain momentum upside.Current year high of NTPC is 180.30 and it’s currently trading at 161.80.Overall drop this year in NTPC is 10 %.
ONGC is trading in a sideways type of pattern from many years.In this year it made a high of 212.85.Currently its trading at 156.10.Overall drop in ONGC this year is 26 %.
POWERGRID made a lifetime high of 226.60 in 2017 and in 2018 its yearly high is 216.Its currently trading at 190.50 i.e. 11 % drop from its yearly high.
RELIANCE made a lifetime high of 1329 and is currently trading at 1048.20 which is 21 % drop.
Surprisingly SBIN looks steady with its overall growth.This year high for SBIN is 332.75 and its currently trading at 257.70 i.e. a 22 % drop in 2018.
This is a pharma stock and pharma sector is slightly bullish this year.
72 % drop in 4 years-This is why this is turning out to be worst year of INDIAN Stock Market
TATAMOTORS have decreased drastically from last four years.High for TATAMOTORS was in 2015 was 612.40 and it is currently trading at 170.65 i.e. 72 % overall drop in 4 years.This year high for TATAMOTORS was 443.50.So this year drop is 61 % roughly.
TATASTEEL made a high of 793 in 2018 and is currently trading at 550.05, i.e 30 % drop.
TCS is a giant IT company and made a high of 2275.95 this year.Now its trading at 1848.50 i.e 18 % drop.This gives a slight indication that IT stocks might correct further.
TECHM is again a IT stock and it has been in a good uptrend for a while.
Lifetime high for TITAN NSE stock is 999.70,made in 2018.Now its trading at 791.60 i.e. a 20 % drop.
4599.90 is lifetime high for ULTRACEMCO.This lifetime high was on JAN 2018.Currently its trading at 3383 i.e. 26 % drop .
If you look at UPL last year it made a lifetime high of 902.50 and later this year high was 828.50.Currently its trading at 622.80 i.e. 30 % down from its 2018 high.
From the high of 355.70 in 2018 VEDL is now trading at 211.90.Stock value of VEDL has dropped 40% this year.
WIPRO is another IT stock and as we have seen above,IT sector stocks are bullish due to falling rupee.
YESBANK NSE/BSE stock made high of 404 this year.Now its trading at 204,roughly 49 % drop in its stock value.
It made a high of 619 and is currently trading at 437.60.Thats a 29 % drop.
We are witnessing the Worst Year Of INDIAN Stock Market in last 7 years.As a investor be little more cautious in buying stocks for your portfolio as the downside move is not complete yet.
It would be better to wait and invest after you get a significant indications that market corrections are over.