Indian Stock Market Update: March 13 - Top Gainers and Losers Revealed

Indian Stock Market Plunges 2% on March 13

The Indian stock market experienced a sell-off in the session on March 13, with key averages falling over 2%. The Nifty 50 dropped 2.06%, marking the biggest weekly fall in four years, with a weekly decline of 5.30%. The S&P BSE Sensex also tumbled 1.92%, ending at the day's low of 74,587.

The broader markets mirrored the same trend, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling over 2.5% each. All sectoral indices closed in the red, with the Nifty Metal bearing the brunt as it fell 4.82%. The Nifty PSU Bank and Nifty Auto also plunged sharply by 3.72% and 3.60%, respectively.

Sectoral Performance

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Stock Performance

• Larsen & Toubro (L&T): -7.5% to ₹3,439 apiece
• Craftsman Automation: -9% to ₹1,443 apiece
• CEAT: -9% to ₹2,434 apiece
• Amber Enterprises: -7% to ₹2,144 apiece
• Kaynes Technology: -5.5% to ₹2,644 apiece
• PG Electroplast: -5.5% to ₹1,434 apiece
• Dixon Technologies: -5.5% to ₹2,144 apiece
• Syrma SGS Technology: -4.2% to ₹1,144 apiece
• L&T Technology Services: 9.6% to ₹3,430 apiece
• ACME Solar Holdings: 6.5% to ₹255.6 apiece
• IFCI: 6.5% to ₹2,344 apiece
• Authum Investment & Infrastructure: 6% to ₹1,344 apiece
• Cholamandalam Financial Holdings: 5.6% to ₹1,344 apiece

Market Capitalization

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• Larsen & Toubro (L&T): ₹5 lakh crore (below)

Foreign Investment

Overseas investors have remained net sellers in every session in March so far, pushing the Indian rupee to multiple record lows against the US dollar.

Macro-Economic Impact

Rising crude oil prices have kept risk-off sentiment elevated, triggering concerns that it could impact corporate earnings and delay interest rate cuts.