- FIIs Selling Spree Continues: Foreign Institutional Investors (FIIs) have been selling equities for the sixth consecutive month, offloading ₹21,231.25 crore in March so far.
- Smallcap Stocks Under Pressure: Broader indices erased some of last week’s gains, underperforming main indices. A total of 116 smallcap stocks plunged between 10-42% amid market weakness.
- Market Remained Volatile: The week ending March 13 saw range-bound trading, with persistent selling pressure impacting broader markets.
- Benchmark Indices Decline:
- Nifty ended 0.69% lower.
- Sensex dropped 500 points.
- Sectoral Performance:
- Biggest Losers: IT and Capital Markets fell over 4%.
- Some Buying Seen: Select Financial and Pharma stocks showed resilience.
- Expert Take: Amol Athawale, VP-Technical Research at Kotak Securities, noted that markets experienced a roller-coaster week with range-bound activity.
