Even though the Indian stock market saw losses, 10 BSE 500 equities outperformed gold this year, rising 15–29%. The market was affected by factors such as the FPI selloff and poor earnings, which caused the Nifty 50 to drop 3%. A potential recovery is suggested by experts despite the continued uncertainty surrounding tariff plans.
Ten stocks from the BSE 500 index have risen 15–29% this year (as of February 14), despite the Indian stock market suffering large losses due to US President Donald Trump's aggressive tariff policies, massive outflows of foreign capital, and dismal local macroeconomic indicators. Even gold, which has produced spectacular gains in the face of negative market mood, has underperformed these stocks.The main causes of rising gold prices are Trump's tariff rants, the state of the world economy, the depreciation of the rupee, and central bank purchases.
However, the stock market has been impacted by the FPI selloff, worries about a trade war, poor quarterly results, and indications of a slowdown in the Indian economy.
While the Nifty 50 has decreased by 3% year-to-date (YTD), spot gold prices in India have increased by 13%.
Nevertheless, ten stocks from the BSE 500 index have recorded strong double-digit increases despite the stock market selloff.
The BSE 500 index's top gainers
The BSE 500 index's shares have increased the most so far this year, according to Capitalmarket data, with SBI Cards up 29.29% and Navin Fluorine International rising (up 23.65 per cent) and UPL (up 23.47 per cent).
Additionally, the price of gold has not kept pace with the rise in shares of Bajaj Finance (up 23%), SRF (up 22.97%), Redington (up 22.72%), Bajaj Finserv (up 17.38%), Maruti Suzuki (up 16.59%), Cholamandalam Investment & Finance Company (up 15.85%), and Godfrey Phillips (up 14.52%).
Double-digit increases year-to-date have also been recorded in the shares of Shree Cement (up 10.87 percent), Tata Consumer (up 11.74 percent), and Zensar Tech (up 10.24 percent). This year, 13 equities in the BSE 500 index have increased by more than 10%.
The BSE 500 index's biggest losers
Nevertheless, 447 of the 500 equities in the BSE 500 index are down year-to-date.
Double-digit increases year-to-date have also been recorded in the shares of Shree Cement (up 10.87 percent), Tata Consumer (up 11.74 percent), and Zensar Tech (up 10.24 percent). This year, 13 equities in the BSE 500 index have increased by more than 10%.
The BSE 500 index's biggest losers
Nevertheless, 447 of the 500 equities in the BSE 500 index are down year-to-date.
142 equities have dropped more than 20%, 34 stocks have tumbled more than 30%, and 324 stocks have dropped more than 10% year-to-date.
Is there more suffering to come?
The Nifty 50 is currently down almost 13% from its peak of 26,277. Since October of last year, it has been unavailable every month. The index is in oversold territory, according to experts, and a recovery may be imminent.
But worries continue. The timing of the FPI selloff is uncertain, and Trump's tariff measures are unclear.
Thus, the sell-on-rise pattern may persist in the home market. With better Q4 results, some analysts predict that the market will stabilize after March.
The price action, testing the swing low and the lower border of the 'falling wedge' pattern, suggests a bearish attitude in the market, according to Osho Krishan, Senior Analyst - Technical & Derivatives at Angel One.
According to Krishan, a breakdown might lead to a large sell-off, which would raise volatility and cause asset values to continue declining.
Technically speaking, any significant decline below the 22,800–22,700 zone (lower band) could create new space for 22,500–22,400 in the near future, which could result in a drop of almost 15% from the peak. Starting with 23,300–23,350 (20 DEMA and breakdown neckline), a sequence of resistances was visible, followed by 23,500 (upper band of the wedge). Market players could only find some respite if these levels were breached, according to Krishan.
0 Comments