Oct 23, 03:38 AM

Nifty Midcap Index Falls 4,500 Points; Nifty50 Drops 7% from All-Time High as Stocks Correct 50% and More

The Nifty Midcap Index has experienced a significant decline, dropping 4,500 points from its peak, with many stocks correcting over 50%. The Nifty50 has fallen 7% on October 22, 2024, from its all-time high earlier this year. In addition, several stocks have seen declines ranging from 30% to 70% from their 52-week highs. The Nifty indices overall have fallen between 3% and 21% off their respective 52-week highs, indicating a broader trend of market correction affecting various sectors, including public sector banks.

#Nifty Midcap Index #Nifty

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