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Stocks That Have Defied India’s Market Fall

54 stocks have gained when the benchmark Nifty declined 6.5 percent.

People monitor market news outside the Bombay Stock Exchange (BSE) building. (Photographer: Adeel Halim/Bloomberg)
People monitor market news outside the Bombay Stock Exchange (BSE) building. (Photographer: Adeel Halim/Bloomberg)
Stocks That Have Defied India’s Market Fall

Financial services and automobile-related companies lead the gainers in India’s bearish market.

India’s benchmark NSE Nifty 50 Index touched an all-time high on Jan. 29. It has since been a rough ride for investors, with the index declining as much as 6.5 percent. Yet, 54 stocks, chosen from among those with a market capitalisation of at least Rs 10,000 crore, have gained since Nifty’s slide began.

Among the top 10 are four financial services and three automobile sector-related companies. One agriculture, media and retail player each complete the list.