Headline indices movement is deceptive. Fall in broader market is far more steeper than reflected by headline indices. While #BSE500 has fallen only 8% from its 52W high levels, 56% of stocks are down more than 20% and 24% of stocks are down more than 30% from their recent highs 
Fall is lot steeper in lot of much hyped recently listed and expensive stocks
Similar weakness seen in #US market breadth where S&P 500 is down only ~9% from its highs while Small Cap index (Russell 2000) is hitting fresh 52W lows
Lot of large cap tech stocks are down 60-70% from the recent high levels (#Zoom 67%, #Netflix 45% etc.)
Lot of large cap tech stocks are down 60-70% from the recent high levels (#Zoom 67%, #Netflix 45% etc.)
Expect stock return divergence to increase going forward. Focus should be on relatively better valued stocks and high earnings visibility stocks.
Earnings will be key differentiator going forward
Earnings will be key differentiator going forward
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