Mumbai | April 13, 2026 | 9:15 AM
Indian equity benchmarks opened sharply lower on Monday, mirroring weak global cues and heavy selling across frontline sectors.
At 9:15 AM, the Sensex plunged 1,613.09 points, or 2.08%, to 75,937.16, while the Nifty 50 dropped 461 points, or 1.92%, to 23,589.60.
The selloff was broad-based, with banking, midcap and IT stocks witnessing strong pressure in early trade.
Sectoral and broader market weakness
The Nifty Bank index tumbled 1,266.75 points, or 2.27%, to 54,646, emerging as one of the worst-performing key indices in opening trade.
Broader markets also remained under stress:
- Nifty Midcap 100: down 1,167.55 points (2.02%) at 56,676.40
- Nifty IT: down 410.85 points (1.32%) at 30,619.75
Market breadth remained decisively negative, highlighting widespread selling pressure:
- Advancing shares: 192
- Declining shares: 1,836
This indicates that the weakness was not restricted to heavyweights alone but extended across the broader market.
Rupee under pressure
The Indian rupee also opened weak, trading at 93.34 against the US dollar, down 0.6125, adding to concerns over foreign fund flows and imported inflation risks.
What traders should watch
Analysts believe the 23,500 level on Nifty is the immediate support zone. A break below this could accelerate selling towards 23,350–23,300, while any recovery may face resistance near 23,700.
