One-fifth of Nifty 500 stocks trade below pre-covid levels - News Summed Up

One-fifth of Nifty 500 stocks trade below pre-covid levels


Many brokerages take pre-covid period as the time before 17 January 2020, when India issued its advisory to avoid travel to China. Meanwhile, both the benchmark Sensex and Nifty touched a record high on 28 June, while the Nifty 500 index hit an all-time high on 16 June. View Full Image Mint“While benchmark indices have touched record highs in the last couple of weeks, there are still a large number of stocks which are trading below their pre-covid prices. In the fast-moving consumer goods space, ITC saw negative returns because of low demand from the cigarette and hotel business. Oil and gas sector stocks also faced impact due to lower crude oil prices last year and low demand.


Source: Mint July 04, 2021 18:22 UTC



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