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Nifty Plunges Below 23,500 After 11 Months Amid Third Consecutive Day of Market Weakness
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Weak Market Start: Nifty Dips Below 23,500 After 11 Months Amid Global Tensions
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News18
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13-03-2026, 09:56
Weak Market Start: Nifty Dips Below 23,500 After 11 Months Amid Global Tensions
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Indian stock market sees third consecutive weak start; Nifty slips below 23,500 after 11 months.
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Sensex opened down 530 points at 75504, Nifty down 159 points at 34480; selling pressure in IT, Bank, Auto, Metal, Financials.
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Iran-Israel tensions push crude oil above $100, weakening rupee by 16 paise to 92.35 against dollar.
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India's market cap decreased by over $533 billion in 2026, largest decline since 2011, exceeding several countries' total market values.
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US markets closed down over 1.5% due to inflation concerns; experts advise calm and regular investments despite FII selling.
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