Stock Market Today March 13: Driven by weak global cues, the Indian stock market opened on a lower note. Sensex opened at 75,444.22, down 590.20 points or 0.78 percent, while the Nifty opened at 23,462.50, shedding 176.65 points or 0.75 percent. At the time of writing, the Sensex had recorded a decline of over 900 points, and the Nifty had tumbled by more than 300 points. In early trade, IT and Metal stocks were leading the market’s decline. Among the sectoral indices, Nifty IT and Nifty Metal emerged as the top losers. Indices such as Auto, Consumer Durables, PSU Banks, Realty, Services, Defence, and Infra were also trading in the red.
Stock Market Today March 13
Along with large-caps, a downturn is also being observed in the mid-cap and small-cap segments. The Nifty Smallcap 100 index stood at 16,123, down 181 points or 1.11 percent, while the Nifty Midcap 100 index was at 55,734, shedding 519 points or 0.92 percent. Foreign Institutional Investors (FIIs) continued their selling spree in Indian markets, offloading equities worth ₹7,049.87 crore on Thursday. Conversely, Domestic Institutional Investors (DIIs) invested ₹7,449.77 crore in equities.
Top Losers Today
Within the Sensex pack, Power Grid, ITC, HUL, NTPC, and Sun Pharma were the gainers. Tata Steel, L&T, Indigo, UltraTech Cement, Eternal, BEL, HDFC Bank, Kotak Mahindra Bank, Maruti Suzuki, SBI, ICICI Bank, M&M, HCL, Infosys, and Titan were among the top losers. Asian Market Crash Today
Asian Market Crash Today
Most Asian markets are witnessing a decline. Tokyo, Shanghai, Hong Kong, Bangkok, Seoul, and Jakarta were trading in the red. US markets closed with a significant decline during Thursday’s trading session, with the Dow Jones shedding 1.56 percent and the Nasdaq falling 1.78 percent. The weakness observed in global markets – including India – stems from the ongoing conflict between Israel and Iran. Due to its prolonged nature, this conflict could impact supply chains, potentially causing the global economy to slow down further or slide into a recession.
Also Read- Gold Prices suddenly drop amidst war; Silver rates plummet – Check latest rates in your city
