New Delhi, Aug. 15 -- The Indian equity barometer, Nifty 50, has delivered negative returns since the last Independence Day, largely due to US tariff-related concerns, heightened geopolitical risks, weak earnings, and heavy foreign capital outflows.

The benchmark index Nifty 50 is down 2% over the last year. However, the broader Nifty 500 index has outperformed, clocking a 3% gain in the same period. In fact, Capitalmarket data show that 15 stocks in the Nifty 500 index have at least doubled investors' money since the last Independence Day.

Despite stock market weakness, 15 Nifty 500 components have jumped over 100%, while 50 index stocks have risen over 50% in the last 1 year. Overall, 255 stocks in the index are in the green since las...