Stock Market Crash Highlights: Friday the 13th mania! ₹10 lk cr lost as Sensex tanks 1470 pts, Nifty down 2%

Both the Sensex and the Nifty extended losses for the third consecutive week. This week, the Sensex shed 4,355 points, or 5.5%, while the Nifty 50 lost 1,300 points, or 5.3%.

Investors lost ₹20 lakh crore this week as the overall market capitalisation of firms listed on the BSE dropped to nearly ₹430 lakh crore from nearly ₹450 lakh crore on Friday, March 6.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities said:

"The sharp downside momentum continued in the market for the third consecutive sessions on Friday amidst middle east conflict and rising International crude oil prices and Nifty closed the day lower by 488 points. After opening on a weak note, the market continued to slide lower further for better part of the session. Intraday upside recoveries in between have been used as sell on rise opportunity.

A long bear candle has been formed on the daily chart that made a new swing low of 23112 levels on Friday. Nifty has entered the support of previous opening upside gap area of 15th April 2025 around 23200-22900 levels. Though, Nifty placed near the supports, still there is no confirmation of any bottom reversal pattern forming. This is not a good sign.

The underlying trend of the market is sharply down. There is a higher possibility of Nifty showing minor pullback from near the lows of around 22900 by next week, if it fails to do so, then one may expect more weakness down to 22500-22000 levels in the near term. Immediate resistance is placed at 23500."

Viram Shah, Co-Founder & CEO, Vested Finance said, "When Brent crude is beyond or around $100, it is usually a sign that uncertainty is rising across global markets. If this move sustains, the impact can go beyond energy and start showing up in inflation expectations, currencies, and broader risk sentiment.

In the equity market, energy-linked businesses may benefit, while sectors that are more exposed to fuel costs or weaker consumer spending could feel some pressure. You also tend to see some investors take positions through oil ETFs or energy exposures in phases like this. But for markets overall, the real issue is whether oil stays high long enough to become a broader macro concern."

Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities said:

“Gold traded weak by 700rs below 16000 sentiment remains slightly weak as rising crude oil prices are increasing inflation projections. Higher inflation could delay interest rate cuts by the Federal Reserve, which is limiting bullish momentum in bullion.

With the Fed’s policy meeting scheduled next week, market participants are likely to stay cautious as the central bank’s stance on inflation and rate cuts will be a key trigger for gold.

Technically, support for MCX gold is seen near ₹1,58,000, while resistance remains around ₹1,61,500, keeping the market in a volatile but range-bound structure ahead of the policy outcome."

Dilip Parmar – Senior Research Analyst, HDFC Securities said:

"The Indian rupee weakened for the second consecutive week, settling at a fresh record low as a geopolitical worry weighed on the local currency. Surging global crude oil prices—driven by escalating tensions in West Asia—and sustained foreign fund outflows amid heightened risk aversion have kept the rupee under significant pressure. Furthermore, aggressive dollar demand from importers and traders intensified as the currency breached the record high.

Spot USDINR maintains a bullish bias, with immediate resistance anticipated between 92.50–92.70 and a support at 92.05."

The Indian rupee fell to a record low on Friday on concerns that the Iran war-induced surge in oil prices could disrupt the South Asian nation's growth-inflation dynamics and dent capital flows, with traders also pointing to elevated offshore dollar bids.

The rupee weakened to 92.4750 per dollar, eclipsing its previous all-time low of 92.3575 hit on Thursday. It closed at 92.4550, down 0.7% on the week.

Vinod Nair, Head of Research, Geojit Investments said:

"The deep sell-off witnessed in the street was triggered by a perfect storm: escalating geopolitical conflict leading to macroeconomic shocks, along with margin-related technical pressures that forced squaring-off of short-term positions. Crude oil prices are surging back to $100 per barrel, raising concerns over inflation, corporate margins, and INR stability.

Metals and auto stocks were among the worst hit, as supply constraints and higher input costs are expected to hit business and profitability. Heightened volatility weakened trader sentiment, discouraging them from carrying positions into the weekend amid persistent geopolitical risks. The lack of buying support from domestic institutional and retail investors, coupled with continued FII outflows, intensified the decline."

Sensex ended 1470.50 points or 1.93% to its day's low of 74,563.92 while Nifty lost 489.25 points or 2.06% to settle at 23,152.90.

European shares fell on Friday and were headed for a second weekly loss, as escalating conflict in the Middle East and inflation worries dented risk appetite.

The pan-European benchmark STOXX 600 was down 0.8% at 594 points by 0806 GMT, with all regional indexes in the red.

Economically-sensitive banks led sectoral losses with a 1.9% fall. Oil giants BP and Shell were in a bright spot as crude prices traded above $100 a barrel. Global markets extended their declines this week as U.S.-Israel war on Iran approached the two week-mark with heavy exchanges of drone and missile strikes across the region.

Stock Market Crash Today LIVE: The Bombay Stock Exchange (BSE) has announced that it will conduct a mock trading session on March 14 across multiple market segments as part of its periodic system testing exercise. The initiative is designed to ensure that the exchange’s trading systems remain stable, efficient and capable of handling real-time trading activity.

According to the exchange, the mock trading session will cover currency, commodity and equity segments, allowing market participants to test their systems and connectivity with the exchange platform. Such mock sessions are typically organised to help brokers, trading members and other market participants verify their readiness for live market conditions. Read more

Mainland China and Hong Kong stocks ended lower on Friday, tracking broad weakness in regional peers, as the Middle East war approached the two-week mark with no end in sight. Investors are bracing for a prolonged conflict and higher oil prices as Iran stepped up attacks across the Middle East after its new supreme leader, Mojtaba Khamenei, vowed to keep the Strait of Hormuz shipping lane closed.

At the close, the benchmark Shanghai Composite index lost 0.82%, while the blue-chip CSI300 Index slipped 0.39%.

For the week, the SSEC fell 0.7%, while the CSI300 gained 0.2%.

Shares of eClerx Services were adjusted for a 1:1 bonus issue on Friday, which made the stock appear to have plunged nearly 50% in a single session. However, the sharp fall was only due to the price adjustment for the bonus issue. In reality, the stock declined around 6%, touching an intraday low of ₹1,480, amid broader weakness in the market. After ending Thursday’s session at ₹3,152 on the NSE, the stock opened at ₹1,571 on Friday after turning ex-record date for the bonus issue. The shares later came under selling pressure and continued to weaken during the trading session.

Shares of IFCI Ltd surged on Friday, March 13 after the National Stock Exchange (NSE) moved a step closer to its much-anticipated initial public offering (IPO) by appointing merchant bankers and legal advisors for the issue.

The stock climbed as much as 10.75% to ₹59.84 on the BSE, gaining investor attention after the exchange announced the appointment of 20 merchant bankers and eight law firms to manage its public offering.

The development has sparked optimism among investors as IFCI has an indirect exposure to the NSE through its shareholding structure. Market participants believe that the eventual listing of the exchange could potentially unlock value for stakeholders connected to NSE. Read more

The Indian stock market extended losses on Friday, March 13, following heavy selling in the global equities, as worries over the prolonged US-Iran war and the surge in crude oil prices continue to push investors away from risky assets.

Sensex crashed around 1560 points or 2% to its day's low of 74,454.60 while Nifty also shed 527 points or 2.2% to intra-day low of 23,112.

The recent selloff in the Indian stock market has eroded over ₹10 lakh crore in investor wealth, with the total market capitalisation of firms listed on the BSE falling to ₹429.6 lakh crore on Friday from ₹440 lakh crore.

Euro zone government bonds were on track for their second consecutive weekly selloff on Friday, as lingering concerns over the inflationary impact of the Middle East war pushed yields higher.

Oil prices gained, with Brent crude futures headed for a weekly jump of nearly 10% despite efforts to ease the energy supply shock.

Germany's 10-year government bond yield rose 3.4 basis points to 2.9776%, as prices fell. The yield on the interest-rate-sensitive 2-year bond rose 1.7 bps to 2.4215%.

Italy's 10-year government bond yield rose 8 bps to 3.8134%. (Reuters)

Shares of power companies jumped in the early morning trade on Friday, March 13, as investors' interest in these stocks peaked on a spike in power demand. The index extended gains following a 2.5% rise in the previous session.

Several power stocks like NTPC Green Energy, Adani Power, JSW Energy and Tata Power gained up to 1-6% in the early trade. However, a few stocks were either trading flat or in the red around 11 am amid a sharp fall in the Indian stock market and profit-taking by investors.

In the last trading session, too, most of the power stocks had zoomed up to 12%, with NTPC Green Energy shares emerging as the best performer. Today, the stock was also higher by 6.5%.

Vodafone Idea, IFCI, NTPC Green Energy, Tata Silver Exchange Traded Fund, HFCL, YES Bank, Suzlon Energy, Tata Gold Exchange Traded Fund, SEPC, Adani Power, Eternal, Jaiprakash Power Ventures, and Reliance Power were among the most traded stocks, or most active stocks in terms of volume, on the NSE on Friday.

Bharat Coking Coal, Tata Steel, Nippon India Silver ETF, IDFC First Bank, HDFC Bank, National Aluminium Company, and Adani Total Gas were also among the most traded stocks on the NSE. Read more

Japan's Nikkei closed lower on Friday and posted a second consecutive weekly decline of 3.2%, as escalating tensions in the Middle East fuelled inflation concerns and prompted investors to dump riskier assets.

The Nikkei dropped 1.2% to close at 53,819.61 on Friday, after sliding as much as 2.1% earlier in the session. The index has lost 8.5% since its February 27 close, before the U.S.-Israeli war with Iran erupted. The broader Topix eased 0.6% to 3,629.03.

Sensex crashed over 1200 points or 1.6% to its day's low of 74,808.17 while Nifty also shed over 400 points or 1.7% to intra-day low of 23,227.75. Broader markets indices Nifty Midcap and Nifty Smallcap also bled, down around 2.5% each.

Among sectors, Nifty Metal, Auto and Bank led the losses in today's deals.

The recent selloff in the Indian stock market has eroded around ₹7 lakh crore in investor wealth, with the total market capitalisation of firms listed on the BSE falling to ₹433 lakh crore on Friday from ₹440 lakh crore.

Following the weak global cues on the US-Iran war, the Indian stock market crashed for the third straight session on Friday. At the sectoral level, broad-based selling pressure is evident across most segments in early trade, with the FMCG sector the only notable pocket of resilience. Even metal stocks witnessed sharp selling despite a dip in international metal prices.

Among metal majors, Hindustan Zinc share price is down by over 4%, Tata Steel share price is also down by around 4%, NALCO share price is down by around 6%, Hindalco Industries shares are down by nearly 5%, while SAIL share price mosedived over 4% in the early morning session on Friday.

ACME Solar share price jumped over 9% on Friday, March 13 after it announced that through its various subsidiaries, it has commissioned 142.67 MW/481.49 MWh of Battery Energy Storage System (BESS) in phase-1 out of its total planned BESS capacity of 585 MW/2011.24 MWh under these SPVs in Rajasthan.

These BESS are connected with the existing operational Inter-State Transmission System (ISTS) and will run on a merchant basis on a short-term basis, generating additional revenue stream through price differential between peak and non-peak demand hours.

Eventually they will be integrated with respective FDRE projects, which will then continue under the PPA for 25 years, stated ACME Solar.

Stock Market Today LIVE: Shares of quick-service restaurants (QSRs) hovered around their 52-week lows on Friday, March 13, amid a significant shortage of commercial LPG resulting from supply chain issues in the Strait of Hormuz following the Middle East conflict.

In a major decision, the government on Thursday announced that 20% of the average monthly commercial LPG requirement will be allocated by OMCs, in coordination with the State Governments, so that there is no hoarding or black marketing. India was previously importing approximately 60% of its LPG requirements from Gulf countries such as Qatar, UAE, Saudi Arabia, and Kuwait, and 40% is produced domestically.

Amid supply shortages, key players such as Sapphire Foods, Devyani International (KFC, Pizza Hut), and Westlife Foodworld (McDonald's) are encountering operational challenges and potential pressure on profit margins, with certain stocks declining by as much as 7%. Westlife Foodworld and Sapphire Foods stocks touched their 52-week lows, while Devyani International stock was around its 52-week low.

JK Lakshmi Cement share price rallied nearly 3% in early trade on Friday after the company announced two updates regarding an order win and acquisition. The small-cap stock gained as much as 2.9% to ₹625.40 apiece on the BSE.

The surge in JK Lakshmi Cement share price comes amid sharp selling in the Indian stock market today. JK Lakshmi Cement shared two updates on the stock exchanges. First regarding the company being declared as a preferred bidder for a project and second is regarding acquisition of a significant stake in NECEM Cements.

JK Lakshmi Cement said that it had participated in the e-auction conducted by the Government of Assam wherein the company was declared as the ‘Preferred Bidder’ for the mining lease for Juipahar New Umrangso Limestone Block (A and B), in the state.

JK Lakshmi Cement also informed that its Committee of Directors at its meeting held on Thursday, 12 March 2026, considered and approved the acquisition of 77.96% equity shareholding of NECEM Cements Ltd.

Shrikant Chouhan, Head Equity Research, Kotak Securities:

"The benchmark indices continued profit booking at higher levels. The Nifty ended 228 points lower, while the Sensex was down by 829 points. Among sectors, the Auto Index lost the most, shedding over 3 percent, whereas despite weak market momentum, the Energy index outperformed and rallied 1.85 percent.

Technically, after a gap-down open, the market trimmed some losses but again corrected sharply due to profit booking at higher levels. On intraday charts, the market is forming a lower top, which suggests that the correction wave is likely to continue in the near future.

For day traders, 23850/76700 would act as a trend decider level. Below this, the market could slip to 23500-23350-23200/75700-75300-74900. On the flip side, above 23850/76700, a pullback move could extend to 24000-24100/77000-77500. The intraday market texture is volatile and non-directional; hence, level-based trading would be the ideal strategy for traders."

The recent selloff in the Indian stock market has eroded around ₹6.5 lakh crore in investor wealth, with the total market capitalisation of firms listed on the BSE falling to ₹433.77 lakh crore on Friday from ₹440 lakh crore.

Sensex crashed as much as 950.57 points or 1.25% to its day's low of 75,083.85 while Nifty also shed 327.3 points or 1.4% to intra-day low of 23,311.85.

The rupee slumped 12 paise to its record low of 92.37 against the US dollar in early trade on Friday as global crude oil prices showed no signs of easing amid the ongoing West Asian conflict.

A stronger greenback, heavy FII selling and weak sentiments in the domestic equity markets further weighed on the rupee, according to forex traders.

At the interbank foreign exchange, the local unit opened at 92.33 and slipped further to hit its record intra-day low of 92.37 against the US dollar, down 12 paise from its previous close.

The rupee touched a fresh intra-day low of 92.36 on Thursday and closed the session 24 paise down at its lowest level of 92.25 against the US dollar.

Silver rate recover but remain muted on MCX on Friday as losses by surging crude oil prices amid prolonged US-Iran war were offset by a softer dollar.

In early deals, MCX silver price declined 0.7% to ₹2,66,001 per kg while MCX gold price was down 0.3% at ₹1,59,764 per 10 grams. However, the precious metals later pared losses.

Silver rose over 1% or ₹3000 to its day's high of ₹2,69,186 from intra-day low. It was 0.4% higher than its previous close. Similarly gold advanced 0.4% from its day's low to its intra-day high of ₹1,60,401 per 10 grams, almost flat from previous close.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments said:

"With the heightened uncertainty surrounding the West Asian conflict continuing, globally markets are weak and in unchartered territory. Weakness in the US markets indicate that rebound in the market is some time away. With Brent crude around $100, bulls are on the defensive. With the FIIs persisting with their sustained selling strategy, even largecap bluechips are under pressure.

One segment that is weathering the storm is pharmaceuticals. This sector is not impacted by external headwinds. In fact rupee depreciation is a positive for the sector, which is a major exporter. It appears that portfolio churns are happening in favour of pharmaceuticals.

There is nothing much investors can do in this challenging times other than remaining calm and continuing with systematic investment."

The Nifty trend remains weak, with immediate support at 23,500 and 23,210. On the upside, the 24000 – 24100 zone remains a formidable ceiling for any recovery attempts, said Devarsh Vakil, Head of Prime Research at HDFC Securities.

Indian benchamrk indices Sensex and Nifty 50 continued to slide on Friday, March 13, after a sharp selloff in equities worldwide, as escalating concerns over a prolonged US-Iran conflict and a spike in crude oil prices prompted investors to move away from riskier assets.

Sensex opened 590 points lower at 75,444.22 while broader Nifty fell around 177 points to 23,462.5 at open.

Nifty 50 formed a small negative candle on the daily chart with upper and lower shadow.

“Technically, this market action signals a formation of high wave type candle pattern at the swing lows. The current market action reflects volatility at the lower supports. Sometime, such high wave pattern formations after a down trend or at the supports signal possible bottom reversal after the confirmation. Positive divergence pattern has also started to form in the Nifty daily RSI,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the underlying trend of Nifty 50 remains weak, but the overall chart pattern indicates a possibility of lower bottom formation around the supports of 23,500 - 23,400 in the short term. A sustainable move above the hurdle of 23,850 could confirm reversal on the upside.

Sensex is forming a lower top on intraday charts, which suggests that the correction wave is likely to continue in the near future.

“For day traders, 76,700 would act as a trend decider level. Below this, Sensex could slip to 75,700 - 75,300. On the flip side, above 76,700, a pullback move could extend to 77,000 - 77,500. The intraday market texture is volatile and non-directional; hence, level-based trading would be the ideal strategy for traders,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.

Global crude prices were trading marginally lower after the US Treasury Department announced a 30-day waiver allowing all countries to purchase Russian oil currently stranded at sea.

The development comes a week after the US allowed India to buy Russian oil loaded on vessels as of 5 March, offering temporary relief to global supply concerns.

At 7:15 AM, Brent crude was trading at $99.99 per barrel, down 0.47%, while West Texas Intermediate (WTI) fell 0.67% to $95.09 per barrel.

However, concerns over a prolonged conflict in West Asia and a potential blockade of the Strait of Hormuz prevented a sharper decline in prices.

The Indian rupee is likely to remain under pressure on Friday, with mounting concerns that oil prices may stay higher for longer keeping sentiment fragile, while the central bank is seen smoothing the downside.

The 1-month non-deliverable forward indicated the rupee will open in the 92.30–92.40 range against the U.S. dollar, after settling at 92.19 on Thursday.

The currency hit an all-time low of 92.3575 in the previous session before recovering slightly following intervention by the Reserve Bank of India.

Oil prices remain the dominant factor shaping sentiment across markets, including FX, bonds and equities. (Reuters)

Adobe reported revenue of $6.40 billion in the first-quarter ending February 27, beating estimates of $6.28 billion. On an adjusted basis, the company earned $6.06 per share, compared with estimates of $5.87 per share.

The company forecast second-quarter revenue between $6.43 billion and $6.48 billion, compared with estimates of $6.43 billion, according to data compiled by LSEG. Profit, excluding some items, will be $5.80 to $5.85 a share, compared with an average projection of $5.70.

Adobe also announced that its longtime CEO Shantanu Narayen will resign from his role once a successor is appointed.

India’s retail inflation rose to 3.21% in February, hit by the rise in prices of food and beverages, clothing and housing and utility services. The latest Consumer Price Index (CPI) data can’t be compared with the year-ago period due to the reset of the index basket in January. Retail inflation was recorded at 2.75% in January, marking the debut for the new series with 2024 as the base year.

Sumeet Bagadia recommends five shares to buy on Friday: HFCL, Cummins India, Ajanta Pharma, Power Finance Corporation, and Kirloskar Oil Engines.