The situation in the Middle East has dampened the domestic market. The market also saw a sharp decline on the last trading day of the week, resulting in significant losses for investors.

Middle East tensions cause panic in the markets...

Indian Stock Market Weekly Loss : The situation in the Middle East has worsened the sentiment of both the global and Indian domestic markets. The market also saw a sharp decline on the last trading day of the week.

The Sensex fell 1,470.50 points to 74,563.92, while the NSE Nifty 50 slipped 488.05 points to close at 23,151.10. Amid this fearful environment, investors suffered significant losses. Let's delve into this topic...

Investors suffered heavy losses

This ongoing market decline has resulted in significant losses for investors. Statistically, investors suffered a total loss of ₹19.86 lakh crore this week. Investors lost ₹10.24 lakh crore on Friday alone.

The impact of the conflict between Iran and Israel, which began on February 28th, has resulted in losses of ₹33.68 lakh crore for investors since the start of the war. This has led to concerns among investors and uncertainty about the future.  

There was selling pressure in these sectors

This week, the stock market saw pressure on several sectors. The auto sector saw the biggest decline. The auto sector fell by approximately 10.64 percent during the week. As a result, the auto index fell from 26,770 points to approximately 24,195. The selling pressure has had the greatest impact on the auto sector.  

After auto, the PSU banking sector was the second-largest sector in terms of decline, falling by approximately 7.27 percent. Furthermore, the metals sector declined by 5.90 percent, real estate by 4.35 percent, oil and gas by 4.25 percent, and the IT sector by approximately 3.54 percent.

Foreign investors are constantly keeping their distance.

Amid the uncertain environment, foreign investors are increasingly staying away from the Indian market. Friday, March 13th, also saw heavy selling by foreign investors. According to available data, FPIs and FIIs sold shares worth approximately ₹10,716.64 crore that day. This is believed to be the largest single-day selling in over a year.

For the entire week, foreign investors remained on the selling side. They sold equity shares worth approximately ₹36,071 crore. However, domestic institutional investors (DIIs) provided some support to the market, making net purchases of approximately ₹37,740 crore. Despite this, the stock market failed to find support, and major indexes turned red like tomatoes.