The week ending March 13 was a nightmare for the Indian equity markets, as the benchmark Nifty 50 recorded its biggest weekly decline since June 2022. This mirrored weakness in global peers amid escalated tensions between the US, Israel, and Iran, which kept oil prices elevated, raising fears over corporate earnings and economic growth. The turmoil also led to an elevated VIX, pressure on the rupee, and sustained FII outflows. Selling pressure was seen across sectors, while overall market breadth remained fragile, as tighter gas availability began to affect daily activity and higher crude prices reignited fiscal and inflation concerns….
News Timeline:
Track the development of this news story across the Internet.