update

Nearly 250 stocks correct between 20-60% from their recent highs 

     Nearly 250 large & mid-cap stocks that had run up sharply on Modi euphoria have corrected between 20 per cent and 60 per cent from their recent highs.
     The uncertainty in the Indian stock markets began with the Budget; later, the monsoon deficit and now the geopolitical crisis have kept the euphoria surrounding stocks in check.
     Jaiprakash AssociatesBSE -3.48 %, which surged 65 per cent this year through June, has corrected 35 per cent since then. GMR Infrastructure has declined 32 per cent since June 10 after gaining 54 per cent this year. IDBI BankBSE -1.71 %, SAILBSE -4.07 %, NHPCBSE -2.01 % and Union Bank have all corrected over 25 per cent from their June highs.