From 807% multibagger gains to a market where every second stock is now in the red, the Nifty 500's three-year party has given way to a very different 2026. As many as 106 Nifty 500 stocks delivered multibagger returns over the past three years, with gains of up to 807%. But in 2026, more than half of the index's stocks have fallen, with losses stretching to as much as 61%, while the Nifty 500 itself is down 5%.
Fast forward to 2026, and the picture has changed sharply. The Iran war, persistent FII selling, rich valuations and fears of higher interest rates have taken a toll on the broader market. The number of multibaggers has now fallen to just six, while the Nifty 500 is down 5% so far this year. More than half of the index's stocks are in the red, with losses extending to as much as 61%, stock exchange data showed.
