BSE500 index hits 52-week low; Infibeam, DHFL tank over 70% since September

As many as 136 stocks from the BSE500 index have seen their market value decline by up to 85% since September.

The S&P BSE 500 index hit a fresh 52-week low of 13,381, down 1.5% on the BSE on Thursday after a sharp decline in financials, consumer discretionary goods & services, auto ancillaries and information technology (IT) sector stocks.

The index has fallen below its previous low of 13,409 touched on Tuesday, in intra-day trade. It was trading at its lowest level since August 11, 2017. With today’s decline, the S&P BSE500 index has fallen 16% from its all-time high level of 15,938 recorded on September 3, 2018.

Thus far in the month of October, the index dipped 7%