On Thursday Morning, Indian Stock Market Indexes — Sensex and Nifty crashed over 2.5 percent in early morning deals following massive selloffs in global share markets after Russia announced the military operation in Ukraine.
Tracking developments in eastern Europe, the BSE Sensex plunged 1,461.35 or 2.55 percent to 55,770.71; and the Nifty tanked 430.10 points or 2.52 percent to 16,633.15.
With the market crashing, the major stocks listed on the exchanges have also crashed significantly giving a good buying opportunity for the value investors.
Here is a list of the BSE S&P 500 stocks that have fallen over -40% from their 52-week highs amid this stock market crash.
| Company Name | Change from 52W high |
|---|---|
| Dilip Buildcon Ltd | -65.74% |
| Strides Pharma Science Ltd | -65.64% |
| Solara Active Pharma Sciences Ltd | -62.78% |
| Vaibhav Global Ltd | -62.38% |
| Sequent Scientific Limited | -60.24% |
| Tata Teleservices (Maharashtra) Limited | -59.70% |
| PNB Housing Finance Ltd. | -57.84% |
| HEG Limited | -56.83% |
| Ujjivan Small Finance Bank Ltd | -56.71% |
| Spandana Sphoorty Financial Ltd. | -56.19% |
| Wockhardt Limited | -54.82% |
| Jubilant Pharmova Ltd | -54.17% |
| Indiabulls Housing Finance Ltd | -52.63% |
| Vakrangee Ltd | -52.40% |
| Aegis Logistics Ltd | -52.35% |
| General Insurance Corporation of India | -52.26% |
| IndiaMART InterMESH Ltd | -51.62% |
| IOL Chemicals and Pharmaceuticals Ltd. | -51.28% |
| Venky's (India) Ltd | -50.70% |
| Hikal Limited | -50.63% |
| Bajaj Consumer Care Ltd | -50.46% |
| Firstsource Solutions Ltd | -49.64% |
| RBL Bank Ltd | -49.30% |
| Hathway Cable and Datacom Limited | -48.99% |
| Manappuram Finance Ltd | -48.95% |
| Mahindra Logistics Ltd | -48.24% |
| Tata Metaliks Limited | -48.00% |
| Lux Industries Ltd | -47.26% |
| Restaurant Brands Asia Ltd | -47.22% |
| Cadila Healthcare Ltd | -47.01% |
| JK Lakshmi Cement Limited | -46.86% |
| JM Financial Limited | -46.66% |
| Advanced Enzyme Technologies Ltd | -46.55% |
| Balaji Amines Limited | -46.29% |
| IndoStar Capital Finance Ltd | -46.12% |
| Bank of India Ltd | -45.73% |
| Indiabulls Real Estate Ltd | -45.56% |
| Gulf Oil Lubricants India Ltd | -45.52% |
| EPL Ltd | -45.46% |
| Jubilant Ingrevia Ltd | -45.39% |
| Finolex Industries Ltd | -44.78% |
| Graphite India Ltd | -44.63% |
| Tasty Bite Eatables Ltd | -44.51% |
| Mahanagar Gas Ltd | -44.18% |
| Bank of Maharashtra Ltd | -44.13% |
| Housing And Urban Development Corp Ltd | -43.43% |
| Sterlite Technologies Limited | -43.41% |
| Indraprastha Gas Limited | -43.39% |
| MAS Financial Services Ltd | -43.30% |
| Metropolis Healthcare Ltd | -43.28% |
| Zensar Technologies Limited | -43.19% |
| Astrazeneca Pharma India Ltd | -43.19% |
| Aarti Drugs Ltd. | -43.17% |
| Multi Commodity Exchange of India Ltd. | -42.92% |
| Computer Age Management Services Ltd | -42.84% |
| KRBL Ltd | -42.75% |
| Ceat Limited | -42.71% |
| Hindustan Copper Ltd. | -42.69% |
| Jindal Saw Limited | -42.63% |
| Info Edge (India) Ltd | -42.50% |
| Ruchi Soya Industries Ltd. | -42.37% |
| Lupin Limited | -42.33% |
| Edelweiss Financial Services Ltd | -42.31% |
| L&T Finance Holdings Ltd | -41.93% |
| Godrej Properties Ltd | -41.89% |
| Amara Raja Batteries Ltd | -41.47% |
| Aurobindo Pharma Ltd | -41.44% |
| Johnson Controls-Htch Ar Cndtng Ind Ltd | -41.44% |
| PTC India Ltd | -41.33% |
| IDFC First Bank Ltd | -41.20% |
| DCB Bank Ltd | -41.16% |
| Zydus Wellness Ltd | -41.12% |
| Mahindra CIE Automotive Ltd | -40.94% |
| Bharat Heavy Electricals Limited | -40.69% |
| NCC Ltd | -40.68% |
| CSB Bank Ltd | -40.49% |
| Rossari Biotech Ltd | -40.41% |
Even many major Nifty 50 stocks have corrected significantly from their 52-week highs during this market crash:
- BPCL: -31.11%
- HDFC Life Insance: -28.51%
- Tata Steel: -28.41%
- Hero Motocorp: -27.17%
- Dr Reddy: -26.65%
- Tech Mahindra: -25.05%
- Wipro: -25.05%
- Divi’s Lab: -24.54%
- Adani Ports: -25.26%
- Coal India: -23.68%
- JSW Steel: -23.25%
- HUL: -22.83%
The major reason for this Crash is the ongoing tension between Russia and Ukraine.
Putin on Thursday announced a military operation in Ukraine and warned other countries that any attempt to interfere with the Russian action would lead to “consequences they have never seen.” Brent crude oil surged to USD 100 a barrel for the first time in 8 years tracking the Ukraine-Russia crisis.
Continuing their selling spree, foreign institutional investors offloaded shares worth Rs 3,417.16 crore in the Indian capital markets on Wednesday, exchange data showed.
Though the market is falling continuously and Nifty Index has tanked -9.44% since January 17, 2022, however, this can be a investment opportunities for the bargain hunters.
