Sigma Capital

13-05-2026

Indian Stocks Hold Recent Plunge

Source: MIST

Trading Economics-


Indian stock indices closed flat on Wednesday, maintaining most of the four consecutive declines in the prior sessions as elevated energy prices worsened the macroeconomic outlook for the Indian economy and drove investors to pivot out of Indian assets. The S&P/BSE Sensex closed flat at 75,600 and the NSE Nifty 50 inched higher by 0.1% to 23,410. Crude oil and refined product benchmarks were little changed during the session following their surges this month as the continued impasse between Iran and the US prolonged the outlook of suspended oil flows from the Middle East. Not only does the surge in energy prices hurt domestic margins and restrict financial conditions, but the outflows of foreign exchange on energy imports pressure the rupee and drive foreign investors to pivot to stronger currencies. Risk-sensitive tech stocks dropped sharply, also pressured by a poor session for the sector in the US. Infosys, Tech Mahindra, and TCS dropped more than 1%.