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Majority of Nifty 500 stocks decline over 10% last week
Over 15 Nifty 500 stocks dropped 10%-18% last week, led by heavy declines in industrial names, amid broad selling pressure and fading market breadth.
More than 15 stocks in the Nifty 500 index fell between 10% and 18% during the past week, with industrial names such as Transformers and Rectifiers India among the hardest hit. Overall market breadth weakened as selling pressure intensified across sectors, driven by disappointing sectoral performance and profit-booking. The broader market underperformance added to cautious investor sentiment ahead of key economic data releases.