Stock Market Today, November 13: The domestic equity markets opened sharply lower on Friday, extending the weakness seen in the previous trading session. The Sensex fell nearly 477 points, while the Nifty
slipped below the 25,150 mark in early trade, as selling pressure spread across heavyweight stocks, banking shares, and automobiles.
At around 9:17 am, the Sensex was trading at 81,434.48, down 476.53 points or 0.58% from its previous close of 81,911.01, while the Nifty was trading at 25,128.45, declining 170.90 points or 0.68% against its previous close of 25,299.35.
The broader market also remained under pressure, with the Nifty 100, Nifty 200 and Nifty 500 declining around 0.6% each. The Nifty Midcap 100 fell 0.68%, while the Nifty Smallcap 100 was down 0.39%, indicating selling across market capitalisations.
Selling was broad-based among heavyweight stocks, with most constituents of the Nifty trading in the red. Among the early gainers, Sun Pharma rose 0.49%, Hindustan Unilever gained 0.20%, Tata Steel advanced 0.08%, Power Grid added 0.08% and Titan edged up 0.06%.
On the losing side, Mahindra & Mahindra fell 1.82%, HDFC Bank declined 1.41%, InterGlobe Aviation (IndiGo) lost 1.41%, Bharat Electronics dropped 1.28%, Bajaj Finance shed 1.10% and Maruti Suzuki declined 1%.
Sectoral Indices: Auto, Realty and Financial Stocks Under Pressure
Sectoral indices largely traded lower in early deals. The Nifty Realty index was the biggest laggard, declining 1.19%, followed by Nifty Auto, which fell 1.04%.
The Nifty Financial Services ex-Bank index dropped 0.97%, while Nifty Financial Services and Nifty Bank declined 0.88% and 0.72%, respectively. Nifty Private Bank slipped 0.76%.
The Nifty IT index was down 0.55%, while FMCG and Metal indices declined 0.53% and 0.64%, respectively.
However, there were a few pockets of resilience. The Nifty Pharma index gained 0.21%, while Nifty Healthcare advanced 0.16%. The Nifty Media index was also marginally lower by 0.11%.
Why Is The Stock Market Falling Today?
1. Weak Global Cues: Wall Street ended lower on Thursday, with investors remaining cautious amid developments surrounding Nvidia and volatility in technology stocks. The S&P 500 declined 0.4% to 7,592.40, while the Dow Jones Industrial Average fell 0.4% to 52,297.09. The Nasdaq Composite also shed 0.4% to close at 25,366.09.
2. Asian Markets Offer Limited Support: Asian equities traded mostly higher on Friday, with Japan’s Nikkei 225 gaining around 1.5-1.6%, while South Korea’s Kospi advanced around 2.6%. However, the positive regional sentiment failed to lift domestic benchmarks in early trade.
3. Elevated Crude Oil Prices: Crude oil remained a key variable for domestic equities. Brent crude was trading around $95.49 per barrel, while US West Texas Intermediate (WTI) crude was near $88.49. Higher oil prices could add to India’s import bill and inflationary pressures.
4. Higher Retail Inflation: India’s retail inflation climbed to a two-year high of 6.09% in October 2026, breaching the Reserve Bank of India’s upper tolerance limit of 6%. The inflation reading has raised concerns about the monetary policy outlook and the possibility of interest rates remaining elevated for longer.
5. Foreign Investor Buying Provides Some Support: Foreign institutional investors (FIIs) remained net buyers of Indian equities, purchasing shares worth about Rs 7,830 crore on November 12. However, domestic institutional investors (DIIs) were net sellers to the tune of Rs 6,331 crore, according to provisional exchange data.
