Weekly Update- 13 March 2026

NIFTY50

Nifty closed the week at 23,151, declining 1,299 points (-5.31%). The week began with a brief pause in the selling pressure seen in the previous week, and the index witnessed a short-lived rebound; however, the recovery lasted only for a day. Selling pressure soon resumed, leading to a sharp decline over the next three sessions, during which the index failed to hold key support levels and moved closer to the 23,000 mark. The continued weakness reflects cautious sentiment and persistent risk-off activity in the market. For the coming week, key support is placed around 22,700, while resistance is seen near 23,500.

BANKNIFTY

Bank Nifty closed the week at 53,758, declining 4,025 points (-6.97%). The week began with a brief pause in the selling pressure seen in the previous week, and the index witnessed a short-lived rebound; however, the recovery lasted only for a day. Selling pressure soon resumed, leading to a sharp decline over the next three sessions, during which the index failed to hold key support levels. The index underperformed throughout the week, largely led by selling pressure in PSU banks, which weighed heavily on the banking space. For the coming week, key support is placed around 53,000, while resistance is seen near 54,500.

TOP LOSING SECTOR

NIFTY AUTO was top losing sector for the week

Major losers were:-

ASHOK LEYLAND:- down by 12.34%

TVS MOTOR:- down by 12.14%

M&M:- down by 12.03%

MARUTI:- down by 11.07%

IMPORTANT NEWS

• Foreign investors continued to dump Indian equities, selling over ₹35,000 crore, putting immense pressure on large-cap stocks.

• Rising geopolitical tensions have caused crude oil to cross the $100 mark, raising concerns about inflation and further impacting global and Indian markets.

• Rising energy costs have pushed U.S. inflation expectations toward 3–4% for Q2 2026, creating "stagflation" concerns.

• The FOMC is widely expected to keep interest rates steady at 3.5%–3.75%. Investors are focused on the "dot plot" for clues on whether rate cuts will be delayed into late 2027 or 2028.

• Sebi chairman Tuhin Kanta Pandey emphasized the resilience and depth of India's capital markets amid global uncertainties. He advised retail investors to maintain a long-term perspective, instead of indulging in ‘impulsive’ trading