Asian stocks are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.9% while the Hang Seng is up 0.4%. The Shanghai Composite is trading up by 0.5%. Meanwhile, the Nasdaq fell on Monday for the third straight day as a sell-off in Chinese markets sparked concerns about slowing global economic growth, though the S&P 500 pared losses to end nearly flat.

Back home, India share markets opened in green today. The BSE Sensex is trading up by 76 points while the NSE Nifty is trading up by 42 points. The BSE Mid Cap index and BSE Small Cap index both opened the day up by 0.5%.

Sectoral indices are trading on a mixed note with automobile stocks and energy stocks witnessing maximum selling pressure. While, capital goods stocks and healthcare stocks have opened the day in green.

The rupee is trading at Rs 73.97 against the US$.

Speaking of the market correction, over the 22 trading sessions that followed since then, the total market cap of all BSE companies declined by 14% to Rs 136.6 trillion. Rs 22.7 trillion worth of shareholder wealth has been destroyed in just 22 days.

Ankit Shah, our research analyst, compiled the stock price data of 2,733 listed companies on the BSE. He found out how much each stock had fallen from its respective 52-week high.

Here’s what he found out…

The Average Stock Has Crashed 46% From Its 52-Week High

During this period, foreign investors sold Indian equities worth Rs 179.2 billion.

So, what should you do in such times? How is all of this going to impact you and your portfolio? Amid uncertainty, panic and despair, Tanushree Banerjee, Co-head of Research is finding safe stocks. In our latest edition of the stock market podcast, she talks about such stocks. Listen in… visit SoundCloud, iTunes or Stitcher.