17 stocks in the Nifty50 fell 20-45% from their 52-week highs; Wipro was the biggest laggard
Updated: 12 Oct 2022, 10:25 AM IST
TL;DR.In the Nifty 50 index, Wipro shares experienced the greatest decline by falling 46% from their 52-week high of ₹739.8. Other blue-chip IT stocks, such as Infosys, TCS, Tech Mahindra, and HCL, have also fallen between 24 and 45 percent from their 52-week highs.
The IMF on Tuesday cut its forecast for India’s gross domestic product (GDP) growth in the financial year 2022-23 (FY23) by 60 basis points (bps) to 6.8%.