The NSE Nifty 50 Index declined for the second straight month, losing 3.6 percent in March. The Nifty Metal Index was the worst sectoral performer, falling 12 percent, followed by Nifty Realty Index that lost 10 percent. In fact, all sectoral indices ended lower for the month. India Volatility Index, or the fear gauge, spiked 14 percent during the month.
Of the 401 stocks covered by at least five analysts tracked by Bloomberg, the target price of 33 percent went up over February, while it was lowered for 30 percent. There was no change for 37 percent of the stocks.
Here’s a list of top five upgrades and downgrades in March: