{"id":2976,"date":"2026-02-07T02:06:24","date_gmt":"2026-02-06T18:06:24","guid":{"rendered":"http:\/\/longzhuplatform.com\/?p=2976"},"modified":"2026-02-07T02:06:24","modified_gmt":"2026-02-06T18:06:24","slug":"think-about-it-deepak-shenoy-warns-indices-mask-stress-as-majority-of-nifty-500-stocks-lag","status":"publish","type":"post","link":"http:\/\/longzhuplatform.com\/?p=2976","title":{"rendered":"&#039;Think about it&#039;: Deepak Shenoy warns indices mask stress as majority of Nifty 500 stocks lag"},"content":{"rendered":"<p><\/p> <div> <p aria-level=\"2\" lang=\"EN-GB\" paraeid=\"{16e39e5b-bdea-4b53-8c36-4ce748ca0a63}{220}\" paraid=\"878213055\" role=\"heading\" xml:lang=\"EN-GB\">India\u2019s equity markets may look steady at the index level, but\u00a0Capitalmind\u00a0Mutual Fund data suggests the broader market continues to face significant stress.\u00a0<\/p> <p lang=\"EN-GB\" paraeid=\"{16e39e5b-bdea-4b53-8c36-4ce748ca0a63}{231}\" paraid=\"1309353596\" xml:lang=\"EN-GB\">Deepak Shenoy,\u00a0CEO of\u00a0Capitalmind\u00a0AMC, highlighted the scale of the divergence in a recent post on X,\u00a0stating:\u00a0\u201cThink about it: 67% of all Nifty 500 stocks are down more than 20% from their all-time highs.\u201d\u00a0<\/p> <p lang=\"EN-GB\" paraeid=\"{16e39e5b-bdea-4b53-8c36-4ce748ca0a63}{236}\" paraid=\"2052771087\" xml:lang=\"EN-GB\">The figure, shared by\u00a0Capitalmind\u00a0Mutual Fund, points to a market where\u00a0headline index resilience masks widespread weakness across individual stocks. A fall of more than 20% from peak levels is\u00a0generally considered\u00a0a deep correction,\u00a0indicating\u00a0that a\u00a0substantial\u00a0majority of the Nifty 500\u00a0remains\u00a0far from recovery.\u00a0<\/p> <div class=\"embedcode\"> <blockquote class=\"twitter-tweet\"> <p dir=\"ltr\" lang=\"en\" xml:lang=\"en\">Think about it: 67% of all Nifty 500 stocks are down more than 20% from their all time highs.<\/p> <p>Read this article for data driven analysis of market breadth. <\/p> <p>\u2014 Deepak Shenoy (@deepakshenoy) <a href=\"https:\/\/twitter.com\/deepakshenoy\/status\/2019671736669859869?ref_src=twsrc%5Etfw\">February 6, 2026<\/a><\/p><\/blockquote> <\/div> <p aria-level=\"3\" lang=\"EN-GB\" paraeid=\"{16e39e5b-bdea-4b53-8c36-4ce748ca0a63}{241}\" paraid=\"455744683\" role=\"heading\" xml:lang=\"EN-GB\"><strong>Market breadth tells a different story<\/strong>\u00a0<\/p> <p lang=\"EN-GB\" paraeid=\"{16e39e5b-bdea-4b53-8c36-4ce748ca0a63}{247}\" paraid=\"893773885\" xml:lang=\"EN-GB\">Capitalmind\u2019s data highlights a clear disconnect between index performance and stock-level reality. While the Nifty 500 as an index may not reflect a sharp drawdown, two-thirds of its constituents remain significantly below their historical highs, underscoring narrow participation in market gains.<\/p> <p lang=\"EN-GB\" paraeid=\"{16e39e5b-bdea-4b53-8c36-4ce748ca0a63}{252}\" paraid=\"773851925\" xml:lang=\"EN-GB\">The data suggests that\u00a0market leadership has become increasingly concentrated, with a smaller group of stocks supporting overall index levels while a majority continue to struggle. This kind of market structure can create the impression of stability even as broader participation weakens.\u00a0<\/p> <p aria-level=\"3\" lang=\"EN-GB\" paraeid=\"{c2c91560-b2e0-43bd-a01c-16f63e4d91f4}{2}\" paraid=\"253734606\" role=\"heading\" xml:lang=\"EN-GB\"><strong>What\u00a0Capitalmind\u2019s\u00a0numbers signal<\/strong>\u00a0<\/p> <p lang=\"EN-GB\" paraeid=\"{c2c91560-b2e0-43bd-a01c-16f63e4d91f4}{8}\" paraid=\"1097138685\" xml:lang=\"EN-GB\">According to\u00a0Capitalmind\u00a0Mutual Fund\u2019s analysis:\u00a0<\/p> <ul> <li lang=\"EN-GB\" paraeid=\"{c2c91560-b2e0-43bd-a01c-16f63e4d91f4}{13}\" paraid=\"527321391\" xml:lang=\"EN-GB\">67% of Nifty 500 stocks are trading more than 20% below their all-time highs\u00a0<\/li> <li lang=\"EN-GB\" paraeid=\"{c2c91560-b2e0-43bd-a01c-16f63e4d91f4}{28}\" paraid=\"1857933890\" xml:lang=\"EN-GB\">The correction is\u00a0broad-based, rather than limited to a few underperforming sectors\u00a0<\/li> <li lang=\"EN-GB\" paraeid=\"{c2c91560-b2e0-43bd-a01c-16f63e4d91f4}{35}\" paraid=\"1197262870\" xml:lang=\"EN-GB\">Index-level performance alone may not accurately\u00a0represent\u00a0the experience of most investors\u00a0<\/li> <\/ul> <p lang=\"EN-GB\" paraeid=\"{c2c91560-b2e0-43bd-a01c-16f63e4d91f4}{42}\" paraid=\"1268045394\" xml:lang=\"EN-GB\">Shenoy\u2019s observation draws attention to the importance of\u00a0market breadth \u2014 a measure of how widely gains or losses are distributed across stocks \u2014 rather than relying solely on benchmark movements.\u00a0<\/p> <p aria-level=\"3\" lang=\"EN-GB\" paraeid=\"{c2c91560-b2e0-43bd-a01c-16f63e4d91f4}{48}\" paraid=\"1704379005\" role=\"heading\" xml:lang=\"EN-GB\">The takeaway from Capitalmind\u2019s data is clear: market health cannot be judged by indices alone. When a majority of stocks remain sharply below their peaks, it signals unresolved stress and uneven recovery within the equity market.\u00a0<\/p> <p lang=\"EN-GB\" paraeid=\"{c2c91560-b2e0-43bd-a01c-16f63e4d91f4}{59}\" paraid=\"1503742840\" xml:lang=\"EN-GB\">As Shenoy\u2019s post succinctly frames it, the real story of the market today lies not in where the index stands \u2014 but in how many stocks are still struggling to reclaim lost ground.\u00a0<\/p> <\/div> <p><i>Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.<\/i><\/p> <p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Nifty 500 stocks,\u00a0Capitalmind\u00a0Mutual Fund, Deepak Shenoy\u00a0Capitalmind, Indian stock market breadth, market correction India, Nifty 500 drawdown, stocks below all-time highs, Indian equities analysis, market divergence India\u00a0#039Think #it039 #Deepak #Shenoy #warns #indices #mask #stress #majority #Nifty #stocks #lag1770401184<\/p> ","protected":false},"excerpt":{"rendered":"<p>India\u2019s equity markets may look steady at the index level, but\u00a0Capitalmind\u00a0Mutual Fund data suggests the broader market continues to face significant stress.\u00a0 Deepak Shenoy,\u00a0CEO of\u00a0Capitalmind\u00a0AMC, highlighted the scale of the divergence in a recent post on X,\u00a0stating:\u00a0\u201cThink about it: 67% of all Nifty 500 stocks are down more than 20% from their all-time highs.\u201d\u00a0 The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[9535,9543,9544,9536,9541,9537,9546,2395,9550,9549,9538,9542,9547,2110,9539,9534,9545,589,9540,9548,326],"class_list":["post-2976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-capitalmind-mutual-fund","tag-039think","tag-deepak","tag-deepak-shenoy-capitalmind","tag-indian-equities-analysis","tag-indian-stock-market-breadth","tag-indices","tag-it039","tag-lag","tag-majority","tag-market-correction-india","tag-market-divergence-india","tag-mask","tag-nifty","tag-nifty-500-drawdown","tag-nifty-500-stocks","tag-shenoy","tag-stocks","tag-stocks-below-all-time-highs","tag-stress","tag-warns"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/2976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2976"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/2976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/2977"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2976"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}