Business EconomyPosted at: Mar 13 2026 7:12PM


Bears lead stock market, Nifty dragged below 23,150

New Delhi, Mar 13 (UNI) At the stock market, the bears were leading as the Nifty was dragged below 23,150 intraday amid broad-based selling.
At close, the Sensex was down 1,470.50 points or 1.93pc at 74,563.92, and the Nifty was down 488.05 points or 2.06pc at 23,151.10. During the week, both the indices declined over 5pc, recording their biggest weekly fall in more than a year.
Broader indices underperformed the benchmarks, with the Nifty Midcap and Smallcap each falling 2.5pc. The total market capitalisation of firms listed on the BSE falling to around Rs 430 lakh crore on Friday from Rs 440 lakh crore.
Total market capitalisation has declined by over USD 533 billion so far in 2026, the sharpest fall since 2011, when Indian markets saw about USD 625 billion wiped out during the entire year.
Indian rupee depreciated for the second consecutive session to hit a fresh record low of 92.47 against the US dollar.
Among the sectors, all the indices ended in the red. The key sectors like auto, PSU Bank, metal, media, PSU Bank were down 3-4pc. Nifty Metal fell 4.82pc, while Nifty PSU Bank and Nifty Auto also plunged sharply by 3.72pc and 3.60pc, respectively.
On Nifty, the gainers were Tata Consumer, HUL, Bharti Airtel while the biggest losers were Hindalco, L&T, Tata Steel, UltraTech Cement, JSW Steel.
Over 500 stocks touched their 52-week low on the BSE. These included Sapphire Foods, Birla Corp, Gravita India, Latent View, Jyoti CNC Auto, Tata Motors Passenger Vehicles, Newgen Software, Embassy Developers, Sonata Software, Piramal Pharma, Five-Star Business, Vedant Fashions, Exide Industries, Jyothy Labs, Alkyl Amines, Berger Paints, HDFC Bank, Indegene, KPIT Technologies, among others.
L&T Technology Services gained 9.6pc, while ACME Solar Holdings also rallied 6.5pc.
Amid the ongoing geopolitical tension, Adani Total Gas, Jindal Steel & Power, RR Kabel, Hindalco Industries, Reliance Power, Hindustan Copper, and Bharat Forge all have declined over 6pc.
UNI VK SAS RSA
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Tags: #Bears lead stock market# Nifty dragged below 23#150
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