Nifty Next 50 index hits 52-week low; SAIL, Vedanta down 27% in a month

In the past one month, Nifty Next 50 index was down 14%, as compared to 7% decline in the Nifty 50 index.

Nifty Next 50 index hit a 52-week low of 36,533 points on the National Stock Exchange (NSE) after a sharp sell-off in stocks like Steel Authority of India (SAIL), Vedanta, Mindtree, Info Edge (India), Zomato, NMDC, Berger Paints, Lupin, L&T Infotech and FSN e-Commerce Ventures (the parent company of beauty e-tailer Nykaa).

In the past one month, these stocks were down in the range of 20 per cent to 28 per cent, as compared to 14 per cent decline in the Nifty Next 50 index. In comparison, the benchmark Nifty 50 index was down 7 per cent during the