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Selling was broad-based and intense, with market breadth heavily skewed towards declines. The NSE advance-decline ratio stood at a weak 1:7, and all Nifty constituents ended in the red except ONGC.The banking pack bore the brunt of the selloff, with the Nifty Bank index falling 1,875 points to 53,451. HDFC Bank dropped over 5% after the resignation of part-time chairman Atanu Chakraborty weighed on sentiment. Broader markets mirrored the weakness, with the midcap index plunging 1,798 points to 54,492.Volatility spiked sharply, with India VIX surging over 21% amid rising global uncertainty. Weakness was also evident in heavyweights, as stocks like TCS and Bajaj Finance were among ten Nifty 50 constituents that hit their 52-week lows.Oil marketing companies remained under pressure as crude prices surged. HPCL fell over 7% to a 52-week low, tracking a sharp rise in Brent crude prices near $117 per barrel. Peers BPCL and Indian Oil have now declined nearly 25% so far in March.In the midcap space, HPCL, Petronet LNG, IDBI Bank, Hindustan Zinc, and Ashok Leyland emerged as top losers, reflecting widespread risk-off sentiment.On the flip side, a handful of stocks bucked the trend. TTK Prestige and Stove Kraft gained up to 4% as concerns over gas supply resurfaced, supporting select kitchen appliance makers. However, the broader trend remained decisively negative, with only four constituents of the Nifty 200 managing to close in the green.

Benchmark indices ended sharply lower, snapping a three-day winning streak and logging their steepest single-day fall in nearly two years. The Sensex plunged 2,497 points to close at 74,207, while the Nifty 50 tumbled 776 points to settle at 23,002. Both the benchmark indices were down over 3%.

Selling was broad-based and intense, with market breadth heavily skewed towards declines. The NSE advance-decline ratio stood at a weak 1:7, and all Nifty constituents ended in the red except ONGC.

The banking pack bore the brunt of the selloff, with the Nifty Bank index falling 1,875 points to 53,451. HDFC Bank dropped over 5% after the resignation of part-time chairman Atanu Chakraborty weighed on sentiment. Broader markets mirrored the weakness, with the midcap index plunging 1,798 points to 54,492.

Crude oil prices traded mixed in the afternoon session on Tuesday.

As of 15:35 IST, WTI crude was at $96.10, down $0.22 or 0.23%. In contrast, Brent crude rose to $115.40, up $8.02 or 7.47%, while Murban crude surged to $128.80, gaining $12.07 or 10.34%.

Meanwhile, natural gas prices also moved higher, trading at $3.183, up $0.118 or 3.85%.

The divergence comes amid ongoing volatility in global energy markets.

State-run National Buildings Construction Corporation Ltd (NBCC) has secured multiple orders cumulatively valued at around ₹320 crore

On Thursday, March 19, precious metals saw a strong decline, with gold and silver suffering significant losses as investor sentiment was impacted by macroeconomic developments and global issues.

The Market sell-off has intensified, furthering the losses incurred in the session today.

On March 18, the US Federal Reserve maintained interest rates within its target range of 3.50% to 3.75%, but acknowledging that the war in West Asia had clouded the picture.

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Deven Choksey, MD, DRChoksey Finserv

HDFC Bank

Brent crude surges 10%, nears recent Iran war high of $119.5 / bbl

Biggest single-day Nifty fall in 12 months wipes out ₹15 lakh crore

The Nifty Midcap 100 index is down over 3% today

The Nifty Bank index has fallen over 3% in this session alone.

The 30-stock index is down over 2,500 points, falling below the mark of 75,000

The Nifty index has fallen over 800 points, falling below Monday’s low of 22,955.

The shares of PCBL have fallen by over 4% in this session.

Ambuja Cements shares have fallen over 4% this year, falling towards the ₹400 per share mark.

HDFC Bank To Hold A Media Call 2:45 pm Onwards On Part-time Chairman Exit

HDFC Bank | Sources Say

Kolte-Patil shares fell over 2% in today’s session

The shares of Prestige Estates have fallen by over 3.50% or ₹46 today

The shares of Gurugram-based DLF slumped further this year, adding to the losses, extending the same to 21% in 2026

Godrej Properties, like most of the real estate index, has fallen this year over 20% this year.

The shares of Mumbai-based Lodha Developers have fallen by over 23% this year.

The shares of Realty stock Brigade Enterprises have fallen 4%

The price of Brent Crude has surged to new highs and has hit the $117 mark today.

The shares of TCS are under pressure, falling by over 3%.

Nifty breaches 23,100 intra-day in the worst fall for the week

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