Markets Tumble: Nifty and Sensex Down Over 1% at Midday
Indian stock markets face significant selling pressure at midday, with Nifty 50 and BSE Sensex down over 1%. Most sectors are trading in the red, led by Commercial Services, Textiles, and Energy. Only Consumer Durables and Trading sectors show positive performance. Key stocks in focus include Jupiter Infomedia, JD Cables, Fino Payments Bank, ACME Solar Holdings, and Western Ministil due to various corporate actions and news.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are witnessing significant selling pressure as of midday on March 13, 2026. Both benchmark indices, Nifty 50 and BSE Sensex, have declined by over 1% from their previous close.
| Index | Current Price | Previous Close | Change | % Change | Last Updated |
|---|---|---|---|---|---|
| Nifty 50 | 23,352.10 | 23,639.15 | -287.05 | -1.21% | 13/03/2026 12:01:27 |
| BSE Sensex | 75,201.11 | 76,034.42 | -833.31 | -1.10% | 13/03/2026 12:01:38 |
Sectoral Performance
The market decline is broad-based, with most sectors trading in the red.
Top losing sectors:
- Commercial Services (Avg. Per Change: -18.93%)
- Textiles (Avg. Per Change: -16.32%)
- Energy (Avg. Per Change: -14.97%)
- FMCG (Avg. Per Change: -14.39%)
- Financial Services (Avg. Per Change: -13.23%)
Only two sectors are showing positive performance:
- Consumer Durables (Avg. Per Change: 1.06%)
- Trading (Avg. Per Change: 0.35%)
Buzzing Stocks
Several stocks are in focus due to recent corporate actions and news:
Jupiter Infomedia Limited: Promoters have reduced their stake through share disposals.
- Umesh Vasantlal Modi sold 80,000 shares (0.80% stake)
- Manisha Umesh Modi sold 1,50,000 shares (1.50% stake) at Rs. 50.00 per share
JD Cables Limited:
- Obtained new GST registration in Jharkhand
- Managing Director Piyush Garodia appointed as director in Dankuni Industrial Park Development Association
Fino Payments Bank: Court rejected application to remove CID lien of ₹11.92 crores. The bank plans to appeal to Karnataka High Court.
ACME Solar Holdings:
- Commissioned 142.67 MW / 481.49 MWh Battery Energy Storage System in Rajasthan
- Launched second phase of 33.335 MW/160.51 MWh battery energy storage project
Western Ministil Limited:
- Independent Director Mr. Paras Chand Jain resigned
- Open offer by Kalpesh and Vandana Patel concluded with lower-than-targeted acceptance
Conclusion
The Indian markets are experiencing significant selling pressure across most sectors, with only Consumer Durables and Trading sectors showing resilience. Investors are advised to monitor the ongoing corporate actions and their potential impact on individual stocks.
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