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The month of February which got off to a shaky start especially after Budget 2020 and the Reserve Bank of India’s Monetary Policy Committee (MPC). On the domestic front, bears took control of D-Street weighed down by rising concerns of a slowdown in growth, and muted earnings growth for December quarter; while on the global front, rising concerns of coronavirus (COVID-19) ignited risk-off sentiment.
The S&P BSE Sensex plunged 5.96 percent while the Nifty50 was down 6.21 percent in the month of February making it one of the worst monthly falls since September 2018, data showed.
Nearly 400 companies out of the top 500 companies recorded negative returns in February in the S&P BSE 500 index but 25 of them bucked the trend as they rose 10-60 percent in the same period.
Stocks which rallied in double digits at a time when Sensex broke below 39,000 and Nifty50 gave up 11,300 levels. These include names such as Bajaj Electricals, Swan Energy, V-Mart, Suzlon Energy, Max Financial Services, Trent, Abbott India, and Shilpa Medicare among others.
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