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The Economic Times

Markets / The Economic Times

Friday the 13th selloff: Sensex tumbles 650 points; Nifty below 23,500. 6 reasons behind today's Rs 6 lakh crore wipeout

Indian stock markets experienced a sharp decline on Friday, with the Sensex and Nifty falling significantly, marking their biggest weekly drop in over a year. The ongoing Iran-Israel conflict and surging crude oil prices above $100 per barrel are major contributing factors. Global markets also mirrored this downturn, trading broadly in the red.

13 Mar 2026 9:30 am
Gas crisis impact: Maruti, M&M, other auto stocks tumble up to 16% in a month; what lies ahead?

Indian auto stocks have seen a significant drop. Geopolitical tensions in the Middle East are impacting crude oil prices and causing gas shortages. This is affecting the production of raw materials and industrial output for auto companies. Several major auto manufacturers and suppliers are at risk of production losses. Investors are closely watching for potential impacts on production lines.

13 Mar 2026 9:25 am
Asian Market | Morgan Stanley flags risks for Asian equities as oil uncertainty looms

Morgan Stanley warns investors about Asian stocks. Rising geopolitical risks and potential oil price shocks are key concerns. The firm suggests selling during market rallies. Asian economies are seen as more vulnerable to elevated oil prices. A bearish scenario could see Asian equities fall significantly. Investors are urged to remain cautious and manage risk.

13 Mar 2026 9:24 am
Kaynes Technology shares fall 2% amid market selloff; BofA purchases stake worth Rs 42 crore via block deal

Kaynes Technology India shares dropped over 2% to Rs 3,612 on Friday, mirroring a broader market selloff. This occurred despite BofA Securities acquiring shares worth Rs 42 crore in a block deal on Thursday. The company's stock has underperformed benchmarks over the past year, though it reported a 15% profit growth in Q3 FY25.

13 Mar 2026 9:19 am
HPCL, BPCL, IOC shares in focus as oil crosses $100 again: Irans new supreme leader warns Strait of Hormuz to remain shut

Shares of HPCL, BPCL and IOC are likely to remain in focus as crude oil prices climbed above $100 per barrel again amid escalating Iran Israel US tensions. Irans leadership warned the Strait of Hormuz could remain closed, raising concerns about supply disruption and potential margin pressure for Indian oil marketing companies.

13 Mar 2026 9:15 am
ONGC, Oil India shares outperform sector with double-digit gains in 2026. Will Iran-Israel crisis fuel more upside?

ONGC and Oil India shares have surged this year, outperforming the Nifty Oil & Gas index despite a sector-wide decline. Experts anticipate further upside for these upstream oil producers due to the escalating Iran-Israel crisis and potential crude oil price hikes, with a strong medium-term outlook.

13 Mar 2026 9:07 am
Adani Total Gas shares jump another 6%, zoom 38% in 4 days on gas supply worries from Iran-Israel war

Shares of Adani Total Gas soared 6% to extend gains for 4th straight session despite weak broader markets. The rally follows the governments Natural Gas (Supply Regulation) Order, 2026, which prioritises gas supply for PNG and CNG users amid Middle East tensions and disruptions linked to the Strait of Hormuz closure, raising concerns over cooking gas availability in India.

13 Mar 2026 9:04 am
ETMarkets Smart Talk | Crude at $100 could shave up to 1% off Indias GDP growth, cautions Garima Kapoor

India faces economic challenges from rising geopolitical tensions and high crude oil prices. Experts warn of potential GDP growth reduction and inflation spikes. Investors are advised to recalibrate portfolios defensively. While risks are present, historical data suggests markets can recover post-conflict. The nation's economic stability faces a test, but a strong starting position offers some resilience.

13 Mar 2026 9:00 am
Marcellus cuts smallcap cash from 40% to 13%; here's where Pramod Gubbi is hunting for quality buys now

Marcellus Investment Managers is investing again after holding cash. The fund house sees the current market dip as a chance to buy quality stocks. They are cautious about a prolonged West Asia conflict impacting India's economy. However, they believe crises often present the best investment opportunities. Marcellus also analyzes HDFC Bank, seeing it as a long-term buy despite recent challenges.

13 Mar 2026 9:00 am
Coal India among 3 stocks flashing bullish signals, hinting at a possible uptrend

Three Nifty200 stocks, including Coal India, Torrent Power and Muthoot Finance, formed the White Marubozu candlestick pattern on March 12, according to StockEdge technical scan data. The bullish pattern indicates strong buying pressure during the session and is often tracked by traders as a signal of potential upward price momentum.

13 Mar 2026 8:58 am
Mazagon Dock among 6 F&O stocks that saw a high increase in futures open interest

As of March 12, six stocks in the NSE F&O segment recorded a sharp rise in futures open interest, indicating increased derivatives activity. The surge suggests traders are building fresh positions or expanding existing exposure, reflecting stronger market participation and growing conviction on the near-term price outlook for these counters.

13 Mar 2026 8:51 am
NTPC Green among 6 stocks showing bullish RSI upswing

Six Nifty 500 stocks, including NTPC Green Energy and Adani Power, showed a bullish Relative Strength Index crossover on March 12. The RSI moving above the 50 level signals strengthening price momentum, which traders often interpret as a potential early sign of upward movement and fresh buying opportunities in these counters.

13 Mar 2026 8:47 am
Nifty IT hurtles toward historic 8-week bloodbath: AI death knell or ultimate bear trap?

Indian IT stocks are experiencing an unprecedented losing streak. This has wiped out significant market value and ignited a debate about artificial intelligence's future impact. Some investors see a major buying opportunity amid the sell-off. Foreign investors have exited, but one large mutual fund is aggressively buying. Analysts are divided on the sector's outlook.

13 Mar 2026 8:46 am
Stove Kraft, TTK Prestige shares in focus as LPG supply squeeze amid West Asia war lifts induction cooktop sales

Cooking gas shortages triggered by West Asia tensions have sharply boosted demand for induction cooktops and electric kettles in India. Companies including Stove Kraft, TTK Prestige and Butterfly Gandhimathi are seeing rising sales as restaurants and households shift to electric cooking amid supply disruptions and higher LPG prices nationwide recently.

13 Mar 2026 8:25 am
Oil Price Today: Crude oil prices drop below $100 despite Iran-Israel war entering 14th day. Heres why

Crude oil prices dipped Friday morning after the U.S. issued a 30-day license for countries to purchase stranded Russian oil, easing immediate supply concerns. This follows a U.S. announcement to release 172 million barrels from its Strategic Petroleum Reserve as part of a coordinated effort with the IEA to stabilize global energy markets amid ongoing tensions in the region.

13 Mar 2026 7:46 am
Stocks to buy in 2026 for long term: Mrs Bectors Food, Titan among 5 stocks that could give 10-40% return

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

13 Mar 2026 7:34 am
Srinibas Pradhan Constructions shares to debut today. Check GMP ahead of listing

Srinibas Pradhan Constructions is set to list on the NSE SME platform on March 13 with muted grey market signals, indicating a potential debut near its issue price of Rs 98. The Rs 20 crore IPO saw moderate subscription, with NIIs and QIBs showing interest, while retail participation was subdued.

13 Mar 2026 7:32 am
Positive Breakout: These 8 stocks cross above their 200 DMAs

As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.

13 Mar 2026 7:26 am
Dollar poised for second weekly gain with no end in sight for Iran war

The US dollar is strong, seen as a safe haven amid global market chaos. The euro is weak, and Japan might intervene to support the yen. Oil prices are rising, impacting markets. Investors are watching central bank meetings for clues on interest rates. Cryptocurrencies like Bitcoin and Ether are also seeing gains.

13 Mar 2026 7:21 am
Oil drops after US issues license for countries to buy Russian oil stranded at sea for 30 days

Oil prices dipped Friday after the U.S. issued a 30-day license allowing the purchase of stranded Russian oil, easing immediate supply concerns. This move follows a larger release from the Strategic Petroleum Reserve and coordinated efforts by the IEA to stabilize global energy markets amidst escalating Middle East tensions and threats to the Strait of Hormuz.

13 Mar 2026 7:19 am
US Stock Market | Wall Street ends sharply lower as Iran war intensifies, crude price soars

U.S. stocks plunged as Iranian strikes on oil tankers sent crude prices soaring, fueling inflation fears. Major indexes saw significant drops, with only energy and some defensive sectors performing well. The conflict's escalation dimmed hopes for Fed rate cuts, while private credit markets faced concerns.

13 Mar 2026 7:17 am
Gold prices climb on softer dollar, lower US Treasury yields

Gold prices rose on Friday, buoyed by a weaker dollar and falling U.S. Treasury yields as geopolitical tensions escalated in the Middle East. Despite a weekly dip, bullion found support from easing yields, while oil prices surged above $100 a barrel amid concerns over global energy supply.

13 Mar 2026 7:12 am
US Stock Market: Adobe's longtime CEO to exit role amid AI disruption, shares fall

Adobe's long-serving CEO Shantanu Narayen will step down once a successor is appointed, a move that saw shares dip amid concerns about the company's AI strategy. Despite strong quarterly results and double-digit revenue growth, Adobe faces challenges from AI disruption and investor skepticism regarding monetization. Narayen will remain as board chair to support the transition.

13 Mar 2026 7:03 am
Brent stays above $100, Asian stocks fall

Brent crude inched further above $100 a barrel and stocks fell in early Asian trade on Friday, after Iran vowed to attack oil resources in the Middle East and keep choking the Strait of Hormuz. The Strait of Hormuz, a crucial waterway for crude, remains effectively shut.

13 Mar 2026 6:35 am
Global Market Today | Asian stocks track US declines as oil remains in focus

Asian stocks mirrored US declines as fears of the Iran war impacting energy supplies and boosting inflation intensified. Oil prices, though slightly lower Friday, remained elevated due to defiant rhetoric regarding the Strait of Hormuz. Investors are now pricing in prolonged inflation and potential impacts on corporate earnings, with Treasury yields rising on inflation worries.

13 Mar 2026 6:28 am
Food delivery, QSR stocks slip on LPG shortage fears

Restaurant and delivery platform stocks saw a dip on Thursday. A shortage of commercial LPG cylinders is disrupting operations. This is impacting kitchen functions in some areas. Large quick service restaurant chains may face limited effects. They often use electric equipment. Technical indicators suggest a pullback for some companies. Investors are watching key support levels.

13 Mar 2026 6:18 am
Nabard, REC withdraw bond issues amid higher-than-expected yields

Nabard and REC withdrew their planned bond issues on Thursday due to higher-than-expected yields. Nabard, initially seeking 8,000 crore for seven years, will now attempt to raise the same amount on Monday, March 16, but for a three-year tenure. The initial offer would have required Nabard to pay 7.57% interest.

13 Mar 2026 6:15 am
Corporate insurance rates crash amid growing competition

Mumbai's commercial insurance market is experiencing a significant premium drop as insurers slash rates to secure large corporate clients. Property and industrial cover prices have plummeted, with natural catastrophe covers seeing discounts of 60-75% and preferred risks up to 85-90%. This aggressive pricing strategy, described as a loodbath, raises concerns about the sector's viability amid potential adverse events.

13 Mar 2026 6:07 am
GIFT Nifty down 150 points; here's the trading setup for today's session

Nifty closed 227 points lower on Thursday amidst volatility, with analysts indicating a weak underlying trend. The market anticipates a potential lower bottom formation around 23500-23400, while a move above 23850 could signal an upside reversal. Foreign portfolio investors were net sellers, while domestic institutional investors bought shares.

13 Mar 2026 6:01 am
Stocks in news: Tata Steel, Kaynes Tech, GAIL, Somany Ceramics, TVS Motor

Indian markets continued their downward trend on Thursday. Several companies saw significant news. BofA Securities invested in Kaynes Technologies. GAIL assured uninterrupted gas supply to Bengaluru. South Indian Bank launched EPF payment services. DCM Shriram approved renewable energy investment. TVS Motor launched a new electric scooter. Tata Steel moved court over a GST demand.

13 Mar 2026 6:01 am
MNC banks resist RBI plan to access offshore deal data

The Reserve Bank of India wants details on overseas rupee derivative trades. Foreign banks operating in India are resisting this move. They cite difficulties in accessing offshore deal information and jurisdictional concerns. The RBI aims for better market visibility to manage rupee volatility. This proposal could impact how international financial institutions operate within India.

13 Mar 2026 6:00 am
US Stock Market: Morgan Stanley, Cliffwater cap withdrawals from their private credit funds

Morgan Stanley and Cliffwater have capped withdrawals from their private credit funds as investors sought to redeem more than allowed. This move highlights growing concerns over loan quality, particularly for software companies impacted by AI. The $1.8 trillion private credit market faces additional pressure from scrutiny over illiquid loan valuations.

13 Mar 2026 5:56 am
Sebi to ease transmission process after investor's demise

Sebi is proposing easier ways for legal heirs to claim securities. The regulator wants to simplify paperwork and procedures when an investor passes away. Higher limits for simplified documentation are suggested. Straight-through processing will be introduced for small claims. This aims to speed up the return of assets to survivors. The market has grown, and current limits need updating.

13 Mar 2026 5:50 am
Rupee slides to fresh all-time low amid currency pressure, closes weaker at 92.19/$

The Indian rupee hit an all-time low of 92.36 against the US dollar on Thursday, later recovering slightly to close at 92.19. Energy price retreats offered some relief, while central bank intervention was observed between 92.20 and 92.36, according to traders. Analysts suggest further weakness could occur if these levels are breached.

13 Mar 2026 5:46 am
NSE hires 20 merchant bankers, 8 law firms for IPO

The National Stock Exchange of India has appointed 20 merchant bankers and eight law firms for its upcoming initial public offering (IPO). The IPO will be an offer for sale, with existing shareholders expected to offload approximately 4-4.5% of the exchange's equity. NSE is currently valued at around 5 lakh crore in the unlisted market.

13 Mar 2026 5:42 am
D-Street slips 1% to 11-month low, and it's not done falling yet

Indian stock markets plunged to an 11-month low on Thursday, with the Nifty and Sensex dropping around 1% each. Surging crude oil prices, driven by US-Iran conflict fears, spooked investors, mirroring past market downturns. Analysts warn of continued volatility and potential further declines until oil prices stabilize, though a rebound is possible in oversold conditions.

13 Mar 2026 5:38 am
Bandhan Financial looks to give long-term investors an exit

Bandhan Financial Services is looking at ways for its investors to exit. The company has hired an investment banker to explore options. This move aligns with regulatory requirements for Bandhan Bank. The promoter's stake needs to be reduced. Options include selling shares to private equity funds or an initial public offer. The company's performance is improving.

13 Mar 2026 5:34 am
Global stocks: Canada's top exchange pushes to end quarterly reporting for all firms

Canada's TMX Group is pushing for a shift to semi-annual earnings reports for all listed companies. This move mirrors efforts in the United States and aims to revitalize Canada's IPO market. The Toronto Stock Exchange anticipates a surge in mining IPOs, driven by global demand for critical minerals and geopolitical shifts.

12 Mar 2026 10:25 pm
US Stocks: Big bank capital requirements to fall small amount under new plan, says Fed

Large bank capital requirements will fall slightly under revised drafts of sweeping bank capital rules, Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday, in a major victory for Wall Street lenders that had faced capital hikes under previous drafts.

12 Mar 2026 9:35 pm
Innovision extends IPO till March 17 after failing to reach full subscription, lowers price band

Innovisions IPO has been extended to March 17 after 32% subscription, reflecting weak investor interest; the price band was revised lower, while revenue growth is strong but margins remain thin.

12 Mar 2026 9:29 pm
US Stocks: When stock markets get shaken, it can pay for investors to be patient

When stock markets are as manic as they've been recently, it's natural to want to do something to protect your retirement savings. Historically, though, staying calm has usually been best.

12 Mar 2026 9:07 pm
Ahead of Market: 10 things that will decide stock market action on Friday

Indian indices declined for the second day as Iran-Israel tensions and rising crude prices spooked investors; auto, consumer, and financial stocks led losses amid high market volatility and bearish sentiment.

12 Mar 2026 8:59 pm
BofA Securities enters Kaynes Technologies via Rs 42 crore block deal; stock down 48% in six months

BofA Securities acquired 1.16 lakh Kaynes Technologies shares via a block deal, while the stock continues a multi-month downtrend despite rising revenue and quarterly profit growth

12 Mar 2026 8:53 pm
Market Trading Guide: Buy NALCO and Tata Power on Friday for gains up to 15%

Nifty fell for the second consecutive day amid Iran-Israel/US tensions, dragging auto, consumer, and financial stocks. Commodity stocks saw selective buying. Analysts suggest bearish sentiment dominates, with support at 23,40023,200.

12 Mar 2026 8:30 pm
US Stocks: US Fed to cut rates in June, economists say, despite war inflation risks

The U.S. Federal Reserve will cut interest rates for the first time this year in June, according to economists polled by Reuters who are clinging to their views despite the risk that disruption of energy markets resulting from the U.S.-Israeli war on Iran boosts already-elevated inflation.

12 Mar 2026 8:20 pm
Sebi proposes easier transmission of securities, higher limits and faster claims for heirs

Securities and Exchange Board of India has proposed simplifying transmission of securities to heirs by raising documentation thresholds, introducing straight-through processing for small claims and standardising procedures, aiming to reduce paperwork and speed up asset transfer for families of deceased investors.

12 Mar 2026 8:06 pm
US Stocks: Bumble shares soar 40% as investors swipe right on AI-powered reboot

Bumble shares jumped more than 40% in early trading on Thursday after the company posted upbeat fourth-quarter revenue and unveiled an AI-driven overhaul of its apps to lure back younger users.

12 Mar 2026 7:39 pm
Oil tops $100 as fresh Iran attacks offset stockpiles release

Oil prices soared Thursday, briefly trading above $100, and stock markets extended losses as fresh attacks against Gulf energy targets offset the release of crude reserves by major economies.

12 Mar 2026 7:31 pm