Trent, IndusInd Bank Are Nifty 50 Stocks That Have Corrected Most In Current Stock Market Crash
Over one week, Trent is the biggest Nifty 50 loser, while IndusInd Bank leads the fall over a one-month, and three-month period.
The stock market hit another low on Monday, erasing over Rs 7 lakh crore of investor wealth. The NSE Nifty 50 and BSE Sensex plummeted at market open, reflecting the global market turmoil triggered by US President Donald Trump's recent tariff announcement.
Trent Ltd. emerged as the worst-performing stock on the Nifty 50, plunging nearly 19% on Monday. Over the past week, Trent has fallen by 17.87%, making it the most significant decliner in that period as well.
The sharp drop in Trent's share price follows bearish analyst commentary and a target price cut by Goldman Sachs due to weaker than expected sales growth in the fourth quarter of fiscal 2025.
IndusInd Bank has been the worst-performing stock in the Nifty 50 over the past one month as well as over a three month period. The bank's share price has fallen 30.46% in the past month and 33.76% over the past three months.
The decline accelerated after the bank disclosed discrepancies in its derivatives account balances, which is expected to impact its net worth by approximately Rs 1,500 crore.
The overall market faced significant declines. The Nifty 50 fell over 5% to 21,743.65, before recovering slightly to trade 4.02% lower at 21,984.10 as of 10:31 a.m.
The Sensex dropped 5.23% to trade at 71,425 before recovering to trade 3.83% lower at 72,478.20.
The sharp declines reflect heightened volatility and investor panic following Trump's imposition of a 26% tariff on imports from India, exacerbating fears of a global trade war. India's volatility gauge, Nifty VIX, surged to 54.96% on Monday, indicating extreme market uncertainty.
IndusInd Bank's recent quarterly report revealed a 5.2% sequential decline in net advances to Rs 3.48 lakh crore for the quarter ended March 31, 2025. On a year-on-year basis, net advances rose by 1.4%. The bank's corporate banking segment saw a 15.1% sequential decline in net advances, while retail deposits and deposits from small business customers fell by 1.9% sequentially.
