In 2024, while Junior Nifty50 and smallcaps delivered strong returns, several major stocks on Dalal Street, including Asian Paints, Reliance, HUL, Titan, Bajaj Finance, Adani Green, and DMart, lost over $1 billion each in market value. Despite being consistent performers, these stocks suffered due to misalignment with market and business cycles, highlighting the shifting nature of bull markets.
