Share Market HIGHLIGHTS: Nifty slides to 21,998, Sensex tumbles 906 pts amid broad-based sell-off
Share Market Today LIVE: Domestic equity benchmarks Nifty50 and Sensex gave up initial gains amid volatile trade on Wednesday, March 13.
Catch minute-by-minute updates of all the action on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Share Market Today LIVE: Domestic equity benchmarks Nifty50 and Sensex gave up initial gains amid volatile trade on Wednesday, March 13.
Catch minute-by-minute updates of all the action on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog:
Latest Updates
Share Market Today LIVE: Broader indices Nifty Midcap 100, Nifty Smallcap 100 sink
| Index | Mar 13 close | Change (%) |
| NIFTY 500 | 19,646.30 | -2.6 |
| NIFTY MIDCAP 100 | 45,971.40 | -4.4 |
| NIFTY SMALLCAP 100 | 14,295.05 | -5.28 |
Meanwhile, the Nifty 500, the broadest index on NSE, finishes 2.6 per cent lower.
Share Market Today: Power Grid, Coal India, Adani Enterprises, NTPC, Adani Ports, Tata Steel, ONGC worst hit among 43 Nifty losers
Top Nifty losers
| Stock | Mar 13 close | Change (%) |
| TITAN | 3,630.00 | -3.17 |
| BHARTIARTL | 1,164.90 | -3.27 |
| HEROMOTOCO | 4,501.15 | -3.39 |
| JSWSTEEL | 789.3 | -3.48 |
| BPCL | 599.35 | -4.17 |
| HINDALCO | 506.7 | -4.21 |
| TATAMOTORS | 973.15 | -4.26 |
| UPL | 452 | -4.65 |
| ONGC | 256.1 | -5.29 |
| TATASTEEL | 143.35 | -6 |
| ADANIPORTS | 1,217.05 | -6.47 |
| NTPC | 321.65 | -6.7 |
| ADANIENT | 2,909.80 | -6.81 |
| COALINDIA | 417.85 | -7 |
| POWERGRID | 265 | -7.07 |
Top Nifty gainers
| Stock | Mar 13 close | Change (%) |
| ITC | 422 | 4.34 |
| ICICIBANK | 1,082.00 | 0.48 |
Share Market Today LIVE: Nifty Metal worst hit among NSE sectoral indices, down 5.7%
| Index | Mar 13 close | Change (%) |
| NIFTY METAL | 7,647.40 | -5.69 |
| NIFTY MEDIA | 1,788.35 | -5.62 |
| NIFTY REALTY | 826.5 | -5.32 |
| NIFTY OIL & GAS | 11,025.40 | -4.87 |
| NIFTY PSU BANK | 6,737.45 | -4.28 |
| NIFTY AUTO | 20,338.25 | -2.84 |
| NIFTY CONSUMER DURABLES | 31,269.05 | -2.82 |
| NIFTY HEALTHCARE INDEX | 11,697.05 | -1.84 |
| NIFTY PHARMA | 18,635.70 | -1.7 |
| NIFTY IT | 36,946.45 | -0.75 |
| NIFTY PRIVATE BANK | 23,441.10 | -0.7 |
| NIFTY FINANCIAL SERVICES | 20,758.20 | -0.67 |
| NIFTY BANK | 46,981.30 | -0.64 |
| NIFTY FMCG | 53,664.15 | 0.05 |
Forex Market Update: Rupee ends at 82.86 vs dollar
The rupee finishes the day with a loss of nine paise against the American currency.
Share Market Today: Nifty slides to 21,998, Sensex tumbles 906 pts amid broad-based sell-off
It is just the beginning: Analysts on sharp correction in mid-and small-cap stocks
The mid-and small-cap stocks continued to face selling pressure for the third straight session on Wednesday, March 13, amid all-around concerns regarding the stretched valuations in the segment. The Nifty Midcap 100 logged its worst intraday fall since January 23, while the Nifty Smallcap 100 also saw its worst day after February 12, 2024.
A few days ago, Sebi flagged froth in the broader market. The Sebi chairperson, Madhabi Puri Buch, said that there may be pockets of "irrational exuberance" in the equity market. The statement by the Sebi chief led to investors dumping the second-rung stocks that have seen a meteoric rise in the past one year.
As per Zee Business research desk, both the Nifty Midcap 100 and Nifty Smallcap 100 logged their all-time highs of 49,780.65 and 15,489.5, respectively, on February 8 and since then have lost 7.2 per cent and 14 per cent, respectively.
Share Market Today LIVE: 66 stocks in Nifty 500 universe slide below 50-day moving averages
Besides, as many as 60 stocks in the broadest index on NSE are below their 100-day moving averages (DMA).
What is a moving average?
Moving average is a widely used technical analysis tool in the stock market. It calculates the average price of a stock over a specific period, typically 50 or 200 days. This indicator smoothens out price fluctuations, providing a clearer trend direction.
Investors use moving averages to identify potential buy or sell signals. For instance, a moving average above the stock price indicates a bullish trend, whereas a moving average below signals a bearish trend.
Share Market Today: Nifty Realty, Nifty Metal worst hit among NSE sectoral indices
| Index | Current | Change (%) |
| NIFTY REALTY | 821.6 | -5.88 |
| NIFTY METAL | 7,655.25 | -5.59 |
| NIFTY MEDIA | 1,793.40 | -5.35 |
| NIFTY OIL & GAS | 11,063.20 | -4.54 |
| NIFTY PSU BANK | 6,728.90 | -4.41 |
| NIFTY CONSUMER DURABLES | 31,185.30 | -3.09 |
| NIFTY AUTO | 20,344.00 | -2.81 |
| NIFTY HEALTHCARE INDEX | 11,655.05 | -2.19 |
| NIFTY PHARMA | 18,566.00 | -2.07 |
| NIFTY IT | 36,873.05 | -0.94 |
| NIFTY FINANCIAL SERVICES | 20,719.20 | -0.85 |
| NIFTY PRIVATE BANK | 23,405.50 | -0.85 |
| NIFTY BANK | 46,885.85 | -0.84 |
| NIFTY FMCG | 53,596.55 | -0.07 |
Share Market Today LIVE: Sensex nosedives over 1,050 pts, Nifty sinks below 22,000 for first time since February 29
The Sensex tanks as much as 1,066.3 points to hit 72,601.6 on the downside while the Nifty50 descends to as low as 21,943.9, down 391.9 points from its previous close.
Share Market Today LIVE: Jubilant FoodWorks stock slips after business updates; what is the pain point?
Jubilant FoodWorks shares are down 2.7 per cent at Rs 433.3 apiece at this hour, having fallen to as low as 426.3 apiece in intraday trade so far.
Share Market Today LIVE: ITC market value surges by Rs 32,127 crore
Cigarettes-to-hotels conglomerate ITC's shares jump as much as 8.6 per cent to Rs 439 apiece on BSE, adding Rs 32,127 crore to the company's market capitalisation (mcap), according to provisional exchange data.
ITC has remained the top gainer on Sensex and Nifty50 for much of the day so far.
On Tuesday, British multinational BAT PLC said it plans to sell up to 3.5 per cent stake in ITC Ltd to institutional investors through a block trade. BAT PLC, the single largest shareholder in ITC, said its wholly-owned subsidiary Tobacco Manufacturers (India) Ltd (TMI) intends to sell up to 43,68,51,457 ordinary shares in the Indian diversified entity to institutional investors by way of an accelerated bookbuild process (block trade), subject to customary closing conditions.
BAT's initial investment in ITC dates back to the early 1900s and the two companies have a longstanding, mutually beneficial relationship.
Share Market Today LIVE: Nifty50 off day's low after hitting 22,041 on the downside
The Nifty50 has broadly moved within a 400-odd-point range so far in intraday trade.
NSE's India VIX index, often referred to as the fear index in market parlance, is up 5.5 per cent at 14.38, having surged as much as 7.7 per cent earlier in the day.
Day not far when India will produce semiconductor chips on commercial basis: PM Modi
India will soon start commercial production of semiconductors and related products and become a global power in this sector similar to the technology, nuclear, and digital spaces, said Prime Minister Narendra Modi as he laid foundation stones for three new semiconductor plants in the country on Wednesday.
"The decisions and policies of today will give us a strategic advantage in future," the Prime Minister said in his virtual address during the foundation laying ceremony.
PM Modi dedicates to nation Rs 1.25 lakh-crore semiconductor facilities, says India taking big step towards bright future
Prime Minister Narendra Modi on Wednesday dedicated to the nation three semiconductor projects, estimated to be worth Rs 1.25 lakh crore, as part of the central government's 'India Semiconductor Mission' aimed at creating an end-to-end semiconductor ecosystem to enable the country to lead the global semiconductor industry.
Share Market Today LIVE: Nifty Metal index tanks 4.5% as Nalco, Hindustan Copper, SAIL, Adani Enterprises stocks plunge
| Stock | CMP | Change (%) |
| APLAPOLLO | 1,601.85 | 0.58 |
| HINDZINC | 302 | -2.09 |
| JSWSTEEL | 799.2 | -2.27 |
| RATNAMANI | 2,616.00 | -3.15 |
| HINDALCO | 508.55 | -3.86 |
| JINDALSTEL | 775.35 | -3.94 |
| TATASTEEL | 145.65 | -4.49 |
| VEDL | 256.45 | -5.12 |
| WELCORP | 495.7 | -5.56 |
| JSL | 617.95 | -6.12 |
| NMDC | 209.65 | -6.2 |
| ADANIENT | 2,923.80 | -6.36 |
| SAIL | 121.45 | -6.4 |
| HINDCOPPER | 238.65 | -6.81 |
| NATIONALUM | 137.75 | -9.17 |