Broader market in a bear grip, large-caps fail to offer support

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Mumbai: India’s benchmark indices have declined just 10% from their 52-week highs, but a scratch beneath the surface would paint a gloomier picture of investor wealth destruction. As many as 325 stocks of the NSE 500 index are down more than 20% from their 52-week highs, while about 140 stocks are trading 30-60% below their … Read more