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Sensex, Nifty on Friday, March 13
The 50-share NSE Nifty tanked 488.05 points, or 2.06 per cent, to end at 23,151.10.
The market capitalisation of BSE-listed firms slumped by Rs 10,24,181.74 crore to Rs 4,29,82,252.27 crore (USD 4.65 trillion) on Friday.
On the weekly front, the BSE benchmark tanked 4,354.98 points or 5.51 per cent, and the Nifty dropped 1,299.35 points or 5.31 per cent.
Since February 27, the 30-share BSE Sensex has nosedived 6,723.27 points, or 8.27 per cent. During this time, the market valuation of BSE-listed companies eroded by Rs 33,68,419 crore to Rs 4,29,82,252.27 crore (USD 4.65 trillion).
“Sectorally, banking, metal, and auto stocks were among the biggest drags on the index. Heavyweight counters such as Tata Motors, Larsen & Toubro, and UltraTech Cement witnessed strong selling pressure during the session. Metal stocks also declined sharply amid weakness in global commodity prices,” Shah stated.
He added, “Broader markets also remained weak, with midcap and smallcap indices trading lower as risk aversion intensified. Investor sentiment remained fragile due to a surge in crude oil prices near $100, fears of supply disruptions from the Middle East conflict, and continued selling by foreign investors. The sharp decline wiped out nearly Rs 9.5 lakh crore in investor wealth in a single session, highlighting the intensity of the sell-off.”
Sensex Prediction for Monday, March 15 by experts
Sensex Prediction for Monday by Vipin Dixena
According to SEBI-registered analyst Vipin Dixena, the market structure remains decisively bearish. “The Sensex shows a strong bearish trend continuation. Price is currently hovering just above 74,500, where minor consolidation is forming after a sharp decline.”
He further said that the structure continues to print lower highs and lower lows, indicating persistent distribution pressure. “Volume expanded during the breakdown phase, reflecting aggressive selling activity. RSI is near the oversold zone (~30), which may trigger a short-term relief bounce, but overall momentum still favours the downside,” he said.
Sensex Prediction for Monday: Technical levels to watch by Vipin Dixena
As long as the price remains below 75,600, the bias stays bearish, and a breakdown below 74,500 support could extend the fall, Dixena said.
“Any pullback is likely to face resistance around 75,600,” the analyst added.
Sensex Prediction for Monday by Aakash Shah
Research analyst Aakash Shah said the index has slipped below key short-term levels, signalling heightened volatility in the near term.
Key support and resistance levels to watch by Aakash Shah
He said that the immediate support is placed near the 74,000–74,100 zone, which may act as an important demand area if selling persists. “On the upside, resistance is seen around 75,000–75,100, and the index would need to reclaim this band to signal any meaningful short-term recovery,” he said.
Sectoral performance on Friday, March 13
The BSE midcap select index tanked 2.87 per cent, and the smallcap select index dropped 2.48 per cent.
Among the sectoral indices, Metal dropped the most by 4.83 per cent, followed by Industrials (4.15 per cent), Commodities (4.01 per cent), PSU Bank (3.73 per cent), Auto (3.27 per cent), MidSmall Private Banks Quality (3.13 per cent), Capital Goods (2.99 per cent), and Consumer Discretionary (2.69 per cent).
On Thursday, the Sensex tanked 829.29 points, or 1.08 per cent, to settle at 76,034.42. Similarly, the Nifty fell by 227.70 points, or 0.95 per cent, to close at 23,639.15.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
