The markets have entered a correction mode with the BSE Sensex falling over 1,000 points from its closing high of 32,575, hit on August 1. On Thursday, the index closed on its lowest levels in three weeks as geopolitical tensions and a regulatory crackdown on suspected shell companies unnerved investors.
The broader markets also followed the trend; the S&P BSE Smallcap index saw a decline of over 5% in the same period and the S&P BSE Midcap index slipped over 4%.
Over 300 stocks from BSE500 underperformed the frontline indices, falling in the range of 3-34% during this period. Stocks that saw