{"id":357,"date":"2020-04-03T06:46:14","date_gmt":"2020-04-03T06:46:14","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=357"},"modified":"2020-04-03T06:47:41","modified_gmt":"2020-04-03T06:47:41","slug":"nifty50-stocks-are-at-52-week-lows-amid-covid-19-fall-should-we-buy","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/nifty50-stocks-are-at-52-week-lows-amid-covid-19-fall-should-we-buy\/","title":{"rendered":"Nifty50 Stocks are at 52-Week Lows amid COVID-19 Fall. Should We Buy?"},"content":{"rendered":"
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The Nifty50 large-cap stocks are\nnow in the tank amid coronavirus pandemic which has a contusing effect on\nIndian stock market. The ongoing panic selling in the equity market due to the\nvirus outbreak has spared none. The selling intensity level is so high that\nwasn\u2019t witnessed in the last decade. In last month, the foreign investors have\nso far sold equity worth of Rs. 60,000 crore approx. The foreign institutional\ninvestors have sold more than purchased in the Indian capital markets. The\nNifty50 index has down by 30 per cent from its record high of 12,430 levels on\nJanuary 30, 2020. <\/p>\n\n\n\n

As a result, more than 90 per cent of Nifty50 stocks are at their 52-week lows. Out of 50 companies, 45 companies have hit their year low amid the havoc of coronavirus outbreak across the globe, as per the data collated on April 01, 2020. <\/p>\n\n\n\n

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