The index looked worse than the market it tracks

NIFTY50 averaged -8.5% over the latest 90-day forward window while the typical covered stock fell -3.5%. Beneath the index, dispersion widened and selection started to matter.

NIFTY50 averaged -8.5% over the latest 90-day forward window while EquityScore's covered NSE universe fell -3.5%, revealing wider dispersion beneath the index.