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?

What happened: Nifty fell over 12% in 2026, with ITC, Maruti Suzuki India, HDFC Bank, HDFC Life Insurance Company, Jio Financial Services, Infosys, Tata Motors Passenger Vehicles, RIL, TCS and Mahindra & Mahindra among the top laggards. Key numbers: ITC down 34%, Maruti Suzuki India 32%, Why it matters: Vinod Nair of Geojit Investments attributed the correction to FII selling as investors shifted toward AI-driven growth, cheaper emerging markets and safer assets. Analysts said sharp price falls alone do not make stocks attractive and cited valuations, earnings and downside risks as key.

Nifty fell over 12% in 2026, with ITC, Maruti Suzuki India, HDFC Bank, HDFC Life Insurance Company, Jio Financial Services, Infosys, Tata Motors Passenger Vehicles, RIL, TCS and Mahindra & Mahindra among the top laggards.

Vinod Nair of Geojit Investments attributed the correction to FII selling as investors shifted toward AI-driven growth, cheaper emerging markets and safer assets. Analysts said sharp price falls alone do not make stocks attractive and cited valuations, earnings and downside risks as key.