Market Wrap: Nifty and Sensex Plunge Over 2% Amid Broad-Based Selloff
Indian stock markets witnessed a significant downturn on March 13, with Nifty 50 falling 2.06% to 23,151.10 and BSE Sensex dropping 1.93% to 74,563.92. Energy sector led the losses at -15.41%, while Trading was the only sector in green at 0.13%. Market breadth was heavily negative with 3,606 stocks declining out of 4,646 traded. Notable stock movements included Jupiter Infomedia, Fino Payments Bank, ACME Solar Holdings, and Western Ministil Limited.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets witnessed a significant downturn on March 13, 2026, with both benchmark indices closing deep in the red. The Nifty 50 and BSE Sensex experienced sharp declines, reflecting a broad-based selloff across sectors.
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 23,151.10 | -488.05 | -2.06% |
| BSE Sensex | 74,563.92 | -1,470.50 | -1.93% |
Sectoral Performance
The market witnessed a widespread decline across sectors, with only one sector managing to stay in the green.
Top Losing Sectors
| Sector | Average % Change |
|---|---|
| Energy | -15.41% |
| Commercial Services | -12.83% |
| Diversified | -9.94% |
| Leisure Services | -9.49% |
| Textiles | -9.15% |
Top Performing Sector
| Sector | Average % Change |
|---|---|
| Trading | 0.13% |
Buzzing Stocks
Jupiter Infomedia Limited: Promoters Umesh Vasantlal Modi and Manisha Umesh Modi reduced their stakes in the company through share disposals.
Fino Payments Bank: The bank's application to remove a CID lien of ₹11.92 crores was rejected by a Bengaluru court. The bank plans to appeal to the Karnataka High Court.
ACME Solar Holdings: The company commissioned a 142.67 MW / 481.49 MWh Battery Energy Storage System in Rajasthan and launched the second phase of a 33.335 MW/160.51 MWh battery energy storage project.
Western Ministil Limited: The company announced the resignation of Independent Director Mr. Paras Chand Jain, effective March 12, 2026.
Market Breadth
The market breadth was significantly negative, indicating a widespread selloff across the board.
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,646 |
| Positive | 1,040 |
| Negative | 3,606 |
Conclusion
The Indian stock markets experienced a sharp decline on March 13, 2026, with the Nifty 50 and BSE Sensex falling over 2%. The selloff was broad-based, affecting most sectors, with Energy and Commercial Services being the worst hit. The Trading sector was the only one to show marginal gains. The negative market breadth further underscored the bearish sentiment prevailing in the market.
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