Broad-Based Selling Drags Markets; All NSE Sectoral Indices End in Red

India’s benchmark index Nifty 50 ended the week of 13 March 2026 in the red, marking its third consecutive weekly decline, with the index falling over 5% and hovering near its 11-month low. Selling pressure was widespread as all 16 major sectoral indices on the National Stock Exchange (NSE) closed lower. Sectorally, metal stocks emerged as the biggest losers, while auto and banking stocks also witnessed notable declines. Among individual stocks,

& Toubro dropped more than 7.5% in a single session, adding to the weak market sentiment. The market dip was largely attributed to a surge in crude oil prices following Iranian strikes on oil tankers near the Strait of Hormuz, which pushed Brent Crude Oil close to $100 per barrel. Higher oil prices typically pressure Indian equities as they increase the import bill, widen the current account deficit and add to inflation risks. Additionally, persistent FII selling and the Indian rupee hitting a record low further weighed on investor sentiment. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.