The broader market saw its worst rout since 2011 as Nifty Smallcap 100 and Nifty Midcap 100 tumbled. Nifty 50, a gauge of India’s largest companies, managed to stem the slide.
THE BEST AND THE WORST
How various sectors fared in 2018
Real estate fared the worst in five years as higher rates and a liquidity crunch in the second half hurt.
Crude and most metals tumbled on weak demand. Palladium, used in petrol engines, bucked the trend as demand for diesel-powered cars fell.
DIAMOND IN THE ROUGH
Mega wealth creators were difficult to spot as just one stock -Merck Ltd.- in the NSE 500 Index doubled investor money.
Investors dumped shares of these companies on corporate governance concerns, eroding more than 80 percent of their value.
Domestic institutions, led by mutual funds, pumped in four times the amount foreign investors pulled out as rates rose in the U.S. and the rupee weakened.
Rupee weakened the most against the dollar among Asian peers in its worst run in five years on higher crude prices and capital outflows.