Sunday, November 8, 2026

Nifty enters ‘technical correction’ – Here are its worst performers so far

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Since January 5, only 13 Nifty stocks have delivered positive returns, while 37 stocks have declined.

By CNBCTV18.com March 9, 2026, 10:12:28 AM IST (Published)
2 Min Read

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The Nifty 50, which hit a record high of 26,373.2 on January 5, 2026, slipped to an intraday low of 23,697 on March 9. This marks a decline of about 10.1% from its peak.

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A technical correction occurs when an index or stock falls 10% or more from its recent record high.

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Since January 5, only 13 Nifty stocks have delivered positive returns, while 37 stocks have declined.

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About 22 out of the 50 Nifty stocks have fallen 10% or more from their January highs. Meanwhile, seven stocks have declined over 20%.

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The total market capitalisation of all BSE-listed companies has declined by around ₹43 lakh crore since January 5.

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Wipro has emerged as the worst performer, falling 26% since January 5. Other major decliners include Jio Financial Services (24%), Asian Paints (23%), Tata Consultancy Services (22%) and Maruti Suzuki India (21%).

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Despite the broader weakness, a few stocks have delivered gains. Oil and Natural Gas Corporation (ONGC) has risen 16%, while Bharat Electronics is up 9%. Power Grid Corporation of India, State Bank of India and Apollo Hospitals Enterprise have gained around 7% each.

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