While the Sensex and Nifty hover tantalizingly near all-time record highs, a brutal reckoning is underway beneath the surface. Fresh data reveals 576 BSE-listed stocks have plunged at least 30% from their respective peaks, with 463 counters off more than a third and nearly 100 stocks slashed in half—exposing a dangerous divergence that has left retail portfolios bleeding even as headline indices project strength.