Close to 98 per cent of Nifty 500 components have delivered negative returns so far this month.
Of the 12 that have risen, only one has provided double-digit gains.
Meanwhile, 40 stocks have declined over 20 per cent. The Nifty 500 index has declined 9 per cent in May, having closed with losses on eight out of the nine trading sessions this month.
When it comes to the benchmark Nifty50 index, except for state-owned PowerGrid, all components are in the red for the month.
Seventeen components have seen double-digit declines so far this month.
Apollo Hospitals, Adani Ports & SEZ, and Titan have fallen the most.
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