Over 80% of BSE stocks slide after the historic high, shows data

Just over a week after the benchmark BSE Sensex touched the historic 50,000-mark on January 20, as many as 416 or over 80 per cent of stocks in the BSE500 universe have declined an average 5.4 per cent and a tenth have declined over 10 per cent in just five trading sessions.

The Sensex, too, has fallen by 6 per cent, ending Thursday’s session at 46,874.36. While the decline in the broad-market indices has been slightly lower, very few stocks have been spared in the latest meltdown.

Experts believe the market got overheated and was ripe for a correction. Between November 1