Major Indian stocks slide to 52-week lows amid market selloff

A significant market correction swept through Indian equities on Monday, with dozens of major corporations hitting their 52-week lows amid broad-based selling pressure. The losses extended beyond marquee names like Reliance Industries, Jio Financial Services, Maruti Suzuki, and Tata Consumer Products to affect a wider cross-section of the market.

Cement sector stocks bore the brunt of Monday's decline, with ACC, Ambuja Cements, and India Cements all reaching their lowest valuations in 12 months. The weakness in construction-related shares mirrored broader concerns about economic momentum and corporate profitability across the industrials space.

Financial and utility stocks also succumbed to selling, with Bank of Baroda among banking sector names to touch 52-week lows. Energy infrastructure stocks including REC and PFC declined sharply alongside power distribution and consumer discretionary shares.

The market's pullback affected consumer staples and technology sectors as well, with Havells India, Britannia Industries, Crompton Greaves Consumer, Wipro, and UPL all trading at their lowest levels of the past year. Analysts attributed the widespread decline to a combination of macro headwinds, rising interest rates, and investor repositioning ahead of key economic data releases.