The first six months of 2022 have proved to be volatile for the domestic equity markets. Benchmark Sensex and nifty A double-digit cut has been recorded, while the index used to track the second-ranked counters is down as much as 17 percent so far this year.

According to data from AceEquity, 392 of these are shares. BSE 500 index has given negative returns between January and June 2022. That means four out of every five stocks are down on a year-to-date (YTD) basis as of June 29.

About 210 stocks have lost more than 20 per cent in the first half of 2022, while 40 stocks are down 40-72 per cent, highlighting a painful six months for investors.

factors including acute FII salesRising inflationary pressures, geopolitical concerns, rate hikes from central banks, depreciating rupee, supply chain woes and poor performance of India Inc have affected the appeal for the equity space.

Walpro Director Neha Khanna said rising crude oil prices, tightening of monetary policy, sluggish growth outlook and sharp sell-off by FIIs have affected the sectors.

Brightcom Group tops the list of wealth destroyers as the stock fell 72 per cent to Rs 30.15 on June 29, 2022, from close of Rs 107.43 on December 31, 2021.

It is followed by Zomato, Dilip Buildcon, Hikal, Welspun India and Lux ​​Industries, each falling 50-60 per cent.

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Stocks such as Vaibhav Global, Jindal Stainless, Tanla Platforms, ICICI Securities, Wockhardt, L&T Technology Services and SpiceJet also fell over 45 per cent.

Larsen And Toubro Infotech, Vodafone Idea, HEG, HLE Glasscoat,

Dr. Lal Pathlabs, Tech Mahindra, have also fallen between 40-45 per cent.

Wipro, Jindal Stainless (Hisar), Vardhman Textiles, Jubilant Farmova,

Tata Teleservices (Maharashtra), Clean Science and Technology, and has fallen more than 40 percent.

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Atanu Agarwal of Upside AI warns to be careful while bargaining and be aware of broken business or bad balance sheet or both.

Some experts believe that the second half of 2022 will see a recovery in the markets in select pockets. He advised investors to stick with the fundamentals to create long term value with their investments.

(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. They do not represent the views of The Economic Times)