Even where there has been seen large scale one-day recovery after Indian indices hit circuit filter following erosion of 10% on indices, in m-cap terms there has been seen a drag on investors wealth of as much as Rs. 15 trillion in a matter of just four trading sessions.
Nonetheless, even with sharp recovery seen on March 13, 2020, indices are down with a decline of 9.2% and 9.4% on Sensex and Nifty respectively. Still some of the fact which fell between 20-40% on the BSE and are the top 50 constituents from the Sensex pack are given below:
Stocks Which Are Still Down Between 20-40% On A Weekly Basis
|Scrips||Weekly Decline (In percentage terms)|
|Indiabulls Housing Finance||-35.75|
|Intellect Design Arena||-29.02|
So, given the uncertainty around the coronavirus which is seeing no abeyance in near future, investors are advised to be extremely cautious and just can nibble on stocks and refrain on taking huge bets in the stock market.