Stock Market Highlights: Sensex, Nifty 50 close at 5-month low, Nifty Bank falls the most in last one month

Stock Market Highlights: Sensex, Nifty 50 close at 5-month low, Nifty Bank falls the most in last one month
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Share Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 opened nearly unchanged on the first trading day of the week before moving higher. However, the indices soon gave up the initial gains and slipped in the red. Financial services stocks remained under pressure. Stocks of auto component makers Sona BLW and Mahindra CIE slipped in trade after shares changed hands in block deals earlier in the session.

Live Updates

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Mar 13, 2023 3:54 PM

Share Market Update | Dilip Bhat's view on markets

“When there is panic everything else takes a backseat and that is what we are seeing – complete capitulation of most of the support levels. Even if there is no great selling, there are too many moving parts in the market – whether the Fed is going to increase the rates or not going to increase the rates, what is going to happen to American banks etc. So I think all that is having a very contagion impact on the minds of the people. From my perspective, as the quantitative tightening is happening, whatever panic that we are seeing, markets are getting recalibrated and PEs are coming down. So we may not see great fall from the current levels but a lot of time spending on sideways is a possibility," says market expert Dilip Bhat.

Mar 13, 2023 3:43 PM

Stock Market Update | Neeraj Deewan of Quantum Securities on market sell-off

"The way things have happened has been pretty fast over the last week and now early this week. Because it is the first day of a major fall, I think one can wait for a day and see what kind of noises you hear from US. There's a contingent effect or not, whether Fed does some make some statement which would cool the market? I think it's better to wait for a day though definitely, I feel you are getting opportunities, you saw infrastructure space is doing so well. So infrastructure, capital good was a space where you are seeing so many investments happening and there you have good potential for good EPS upgrades also. I think you are getting opportunities there but I think today we are not really buying anything and waiting for a day or two to see how things pan out from here," says Neeraj Deewan of Quantum Securities.

Mar 13, 2023 3:42 PM

Rupee Close | Rupee closes lower at 81.12 vs the US dollar

Mar 13, 2023 3:36 PM

Market at Close | Sensex and Nifty 50 close at 5-month low, volatility index posts biggest single-day gain in a year

Volatility index surges more than 20 percent, its biggest single-day gain in a year.

Silicon Valley Bank collapse leads to a sell-off in First Republic and Signature Bank stocks in pre-market.

Nifty Bank mirrors global peers with the index falling the most in last one month.

47 of 50 Nifty stocks close in the red, Infosys, RIL, ICICI and HDFC Bank biggest drags.

All Nifty Bank constituents close the session with with huge cuts.

All sectoral indices close in the red with PSU Bank falling the most

Indusind Bank falls more than seven percent as CEO gets two years against three years asked

Tech Mahindra rises up to 10 percent, biggest in seven years on Mohit Joshi’s CEO appointment

Infosys comes under pressure following Mohit Joshi’s resignation, stock down two percent. 

AU SFB slides five percent and City Union Bank two percent as their CEOs’ term expires next month

Piramal, Biocon, Atul, Page, Laurus, Crompton, Muthoot, PVR, IPCA end at 52-week lows

Sona BLW falls over six percent after 20.7 percent equity changes hands via block deals

Mahindra CIE slips eight percent on a change of hands for 6.5 percent equity via block deals

HAL falls four percent from highs as Navy halts ALH Dhruv Helicopter operations

Market breadth firmly favours declines, advance-decline ratio at 1:5

BSE companies erase market cap of nearly Rs 4 lakh crore today

Mar 13, 2023 3:33 PM

Adani Group Update | Four group stocks locked in upper circuit 

Adani Green, Adani Power, Adani Total Gas and Adani Transmission are locked in the upper circuit of five percent. Nifty 50 constituents, Adani Enterprises and Adani Ports are down 1.7 and 2.7 percent respectively. Adani Wilmar is down 3.8 percent. ACC and Ambuja Cement are down 4.2 and 2.8 percent. Media company NDTV is down five percent. 

Mar 13, 2023 3:24 PM

Nifty 50 Update | HDFC twins among top losers

HDFC and HDFC Bank, down 1.5 and 1.3 percent respectively, are contributing 40 points to the Nifty 50 downside. HDFC Bank is contributing 22.7, while HDFC is contributing 16.5. The shares HDFC are down for third session in a row and HDFC Bank are down for second straight session. 

Mar 13, 2023 3:12 PM

Nifty 50 Update | Reliance Industries Among Top Losers

- Index heavyweight trading with losses of 1.9 percent
- Stock trading at a 52-week low of Rs 2,275
- The stock is down for the third straight session
- Shares have declined 5.5 percent over the last three trading sessions
- Contributing over 30 points to the Nifty 50 downside in today's session
- The stock has broken below its January 30 low of Rs 2,301

Disclaimer: Network18, the parent company of, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Mar 13, 2023 3:05 PM

Nifty 50 Update | Benchmark Indices Extend Losses

- Nifty 50 falls to lowest level since October last year
- 46 out of the 50 index constituents trade with losses
- Infosys contributing 36 points to the index downside
- Reliance Industries contributing 30 points to the downside
- HDFC Bank and HDFC contributing 22.8 points and 19.3 points to the downside respectively
- SBI contributing 14.2 points to the Nifty 50 downside

Mar 13, 2023 3:00 PM

Share Market Update | Nifty Bank index down 2.2%, breaches 39,600-mark

The Nifty Bank index is trading 893.3 points or 2.2 percent lower at 39,592.2. All 12 stocks in the index are trading with losses. IndusInd Bank, AU Bank and PNB , down 3.4 to 7.7 percent, are the top losers.

Mar 13, 2023 2:42 PM

Rupee Check | Rupee back above 82 vs dollar

Earlier in the day, the currency jumped 28 paise from its previous close  to 81.76 vs the US dollar. 

Mar 13, 2023 2:32 PM

Nifty 50 Update | Index breaks below 17,200 for the first time since October 17

The 50-shares index is down 227.8 points or 1.3 percent from its previous close at 17,185.2. IndusInd Bank, Tata Motors and M&M, down 2.7 to 7.3 percent, are the top index losers. 44 stocks in the index are trading in the red. Tech Mahindra, Adani Enterprises and Apollo Hospitals are up 0.8 to 7.1 percent. 

Mar 13, 2023 2:20 PM

BSE Sensex Update | Index falls nearly 800 points, 28 constituent stocks decline 

The 30-share index is trading 791.8 points or 1.3 percent lower at this hour from its previous close at 58,343.3, near the intraday low of 58,328.2. Barring Tech Mahindra and Powergrid, that are up 0.2 to 7.1 percent, all the other index stocks are trading in the red. 

Mar 13, 2023 2:16 PM

Share Market Update | Nifty Bank index down 1.8%

The Nifty Bank index is trading 740.8 points or 1.8 percent lower at 39,744.6, falling for the third straight trading session in a row and below its 20 DMA of 40,892.6. All 12 stocks in the index are trading with losses. IndusInd Bank, AU Bank and SBI, down 2.5 to 6.5 percent, are the top losers. 

Mar 13, 2023 2:10 PM

Nifty 50 Update | Index nears 17,200

The 50-shares index is down 206.6 points or 1.2 percent from its previous close at 17,206.3. IndusInd Bank, SBI and Axis Bank, down 1.2 to 7.4 percent, are the top index losers. 42 stocks in the index are trading in the red.   

Mar 13, 2023 2:02 PM