ITC, RIL, HDFC Bank among top laggards as Nifty falls over 12% in 2026: Time to buy beaten-down stocks or wait for a recovery?
Economic Times 2d ago·30 Oct 2026, 5:15 am
The Nifty 50 slipped more than 12% in 2026, with 34 of its 50 constituents posting declines of up to a third. HDFC Bank was among the worst performers, lagging behind the broader market as the index tumbled.
The slide reflects a broader pull‑back by foreign institutional investors and a cautious earnings outlook for Indian corporates. For a bank that typically trades on earnings momentum, weaker profit expectations and reduced foreign demand can pressure its share price and push valuation multiples toward historic lows.
Investors will be watching the bank’s upcoming earnings release, guidance on loan growth and asset quality, and any signals from the Reserve Bank of India on interest rates. Continued foreign fund outflows or shifts in macro data such as GDP growth will also shape the stock’s short‑term trajectory.
Affected stocks
Bearish3 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns HDFC Bank (HDFCBANK).
- Category: Results.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
- Also mentions ITC, RELIANCE.
Why it matters
This is a high-impact development for HDFC Bank and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
