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Market Breadth Weakens, But No March-Like Stress: 14% Stocks Near 52-Week Lows
M
Moneycontrol•22-09-2026, 09:14
Market Breadth Weakens, But No March-Like Stress: 14% Stocks Near 52-Week Lows
- •Market breadth has deteriorated, with 14% of Nifty Total Market stocks near 52-week lows, but this is significantly less than the 40% seen in March.
- •Yes Securities suggests the current correction is unlikely to become a broad-based selloff, expecting a gradual and uneven recovery.
- •The share of stocks near 52-week lows climbed from 2% in April to 14% in September, indicating a clear weakening after the post-March recovery.
- •Around 20% of Nifty 100 constituents are near 52-week lows, the highest among market-cap segments, yet 38% remain over 50% above their lows.
- •Weakness is concentrated in domestic-facing sectors like power, construction materials, FMCG, and construction, driven by sector-specific earnings and valuations rather than broad macroeconomic issues.
