The phenomenon shows up in the economy in one form or the other most of the times.
Data showed the domestic equity market gave up half the gains that it had amassed.
Some of these firms have strong balance sheets and credible financials to support this frenzy.
Listed stocks of liquor manufacturers and breweries have not been doing well this year.
In unlisted market, the stock has eroded one-third of its value in last two months.
The problem is more pronounced in housing finance companies and shadow banks.
Wadia Group Chairman Nusli Wadia's wealth dropped by about $1.44 billion to $5.86 billion.
The index has ended July in the red on five instances in last 17 years.
Some unlisted e-commerce names have been creating quite a splash in the unlisted market.
Most analysts are cautious and say investors should stay away from auto stocks.
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