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Sensex and Nifty stall as banking weighs down market and Titan sparks a tariff shock

Economy
Published on 13 May 2026
Sensex and Nifty stall as banking weighs down market and Titan sparks a tariff shock

One tariff change triggers Titan’s sharp sector slide

Indian benchmark indices showed resilience but ended nearly flat in a volatile session. The Nifty 50 hovered around 23,400 with a broader market tilt toward decliners. The Sensex struggled as banking dragged sentiment. A major driver was Titan, which saw heavy selling after import tariffs were raised, while select FMCG and pharma stocks offered limited support.

  • Nifty 50 ends almost unchanged near 23,400 amid volatility
  • Advance decline ratio turns bearish with more stocks slipping than rising
  • Banking weakness drags overall sentiment and index movement
  • Titan plunges after import tariff hike sparks sector sell-off
Read the full story at Republic

This summarization was done by Beige for a story published on RepublicRepublic

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