Indian Equity Benchmarks Plunge Over 12% from Record Highs The Indian stock market has experienced a significant correction, with major indices falling sharply from their recent peaks. The NIFTY50 index has dropped 12% from the record highs it reached in December of the previous year, while the SENSEX has declined by as much as 13%. This sharp decline has led to a substantial loss of investor wealth, with over ₹44.69 lakh crore in assets wiped out during the ongoing market downturn. The selling pressure has been particularly intense among mid- and small-cap stocks. The NIFTY Midcap 100 and NIFTY Smallcap 100 indices have both fallen 20% from their record highs in December 2024. Analysts attribute this correction to a combination of factors, including deteriorating investor sentiment that began to weaken around October 2024. Rising valuation concerns and an increasingly uncertain global environment have contributed to the subdued market mood. A key trigger for the shift in investor sentiment was the imposition of tariffs by Donald Trump on goods exported to the United States from its trading partners, including India. Additionally, geopolitical tensions between India and Pakistan in May of the previous year added to the uncertainty for investors. Persistent outflows by foreign institutional investors (FIIs) have also played a role in the weak market sentiment. Data from the National Securities Depository Limited shows that FIIs have offloaded shares worth ₹2.57 lakh crore since 2024. This exodus was driven by a weakening rupee and a shift of global capital toward safer assets such as US bonds.#donald_trump #sensex #nifty50 #nifty_midcap_100 #nifty_smallcap_100
IDBI Bank Ltd. Hits Intraday Low Amidst Price Pressure on 13 Mar 2026 IDBI Bank Ltd. experienced a significant decline on March 13, 2026, with its stock hitting an intraday low of Rs 91.85, marking a 7.03% drop from the previous day’s closing price. The stock underperformed both its sector and broader market indices, driven by persistent selling pressure and a generally subdued market environment. The decline extended the stock’s losing streak to three consecutive days, with a cumulative loss of 10.62% over the period. Intraday performance showed the stock falling sharply, with a day-to-day decline of 6.68%, far outpacing the Sensex’s 1.93% drop. The intraday low of Rs 91.85 highlighted the intensity of selling pressure during the trading session. Technical analysis revealed that the stock was positioned below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning indicated sustained downward momentum and a lack of short-term support to halt the decline. The broader banking sector also faced challenges, with public sector banks declining by 3.8% on the day. IDBI Bank’s underperformance relative to its sector by 2.84% underscored additional pressures specific to the stock. The overall market environment was bearish, with the Nifty closing at 23,151.10, down 488.05 points or 2.06%. Several indices, including NIFTY MEDIA and NIFTY REALTY, hit new 52-week lows, reflecting widespread risk aversion among investors. Mid-cap stocks, where IDBI Bank is categorized, were particularly affected, with the Nifty Midcap 100 index falling 2.65%. This broader mid-cap weakness compounded the challenges faced by IDBI Bank in maintaining price stability. Over the past week, the stock had declined by 15.30%, significantly underperforming the Sensex’s 5.52% fall.#nifty #sensex #idbi_bank_ltd #nifty_midcap_100 #nifty_media
