Nifty Sinks 11% Between Two Navratris, 31 Stocks Bleed As Global Pressures Hit Markets
Mumbai: Indian stock markets faced a difficult year between Navratri 2025 and Navratri 2026, with the benchmark Nifty declining 11 per cent as global uncertainties, foreign investor selling and rising crude oil prices overshadowed India's domestic economic strength. Despite steady buying by domestic institutional investors (DIIs) and resilient economic growth, most Nifty stocks struggled to…
Between Navratri 2025 and Navratri 2026, Indian stock markets endured a challenging period, with the benchmark Nifty slipping 11 percent. The decline was primarily fueled by global uncertainties, including geopolitical tensions and foreign investor activity. The market's troubles were exacerbated by higher crude oil prices, a weaker rupee, and rising US bond yields, which eroded investor confidence.
In the span of these two Navratri periods, 31 stocks comprising the Nifty index experienced losses, with notable declines seen in companies such as ITC, Tata Motors Passenger Vehicles, Infosys, Jio Financial Services, and Tata Consultancy Services, many of which plummeted by over 30 percent. The period also saw heavy withdrawals by foreign portfolio investors, with Rs 3.04 lakh crore exiting Indian equities in 2026 alone, compared to Rs 1.66 lakh crore in 2025.
Despite the overall market downturn, specific stocks like Shriram Finance, Titan Company, Adani Ports, and Hindalco Industries managed to post significant gains, with Shriram Finance surging nearly 49 percent. While domestic institutional investors continued to show confidence by increasing their holdings, analysts anticipate that the market will remain volatile in the short term, influenced heavily by global factors such as crude oil prices, bond yields, and geopolitical developments.
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