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StockEdge
@stockedgeapp
23.03.2026 17:09
Indian stock market had a very weak and volatile day today.

Both benchmark indices saw heavy selling:

Nifty 50 closed around 22,50 (down ~2.6%)
Sensex closed near 72,942 (down ~2.1%)

Midcap and smallcap stocks fell even more — by around 3%, showing that the weakness was across the entire market.

The sell-off was quite sharp — at one point, ₹11 lakh crore of investor wealth was wiped out during the day.

On the global side, pressure came from crude oil prices rising above $110–113 per barrel, which is a negative for India.

At the same time, even commodities were volatile:

Gold fell sharply by around ₹8,000
Silver dropped by nearly ₹15,000 in early trade

Today was a panic-driven sell-off where rising crude oil prices and global tensions triggered heavy selling across the market, and almost every sector ended in the red.
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