Nifty Midcap index down 4,500 points from peak: Stocks run over 50%

The Nifty Midcap index has corrected nearly 7% from its record high of 60,924, which it had scaled on September 24 this year. Since then, the index has been in correction mode.

However, nearly 2,000 points of the 4,500-point drop the mid-cap index has seen since the peak has come in the last two trading sessions.

Since September 24, only 20 of the 100 Nifty Midcap constituents have posted positive returns. The other 80 have earned negative returns.

11 of these 80 stocks have declined more than 15% in the past month, while 24 stocks and 29 stocks have declined between 10% and 15% and between 5% and 10% respectively.

In the last one month, stocks like Vodafone Idea, Suzlon, Cochin Shipyard have declined over 20% since September 24, which is the day the Midcap index hit its near-term high.

Stocks like Vodafone Idea and Cochin Shipyard have already halved from their respective all-time highs. The Cochin Shipyard had reached an all-time high in the month of July. Vodafone Idea too, after the AGR hit, has corrected significantly from its peak.