The Indian market is undergoing a clear correction - major indices are losing value.

rekt_but_not_broke · 2026-02-13T10:01:02+00:00

The Indian stock market faced significant losses, with the NIFTY50 index dropping over 2%. Defensive sectors saw the largest declines, while cyclical and commodity sectors also weakened. This reflects a market correction as investors take profits, indicating a consolidation phase with varied sector performance.

rekt_but_not_broke

2026-02-13 10:01:02

Abstract generation in progress

The Indian stock market experienced significant losses on Thursday, with the main investor sentiment indicator—the NIFTY50 index—dropping over 2%. This change reflects broader correction processes occurring on the subcontinent, where investors are withdrawing from some of their previous gains. According to Jin10 data, declines are varying in intensity across different market segments, creating a clear map of sector winners and losers.

Defensive sectors are particularly losing

The defensive sector recorded the largest losses among the observed industries, declining by over 8%. At the same time, the public banking index decreased by 6%, signaling increased caution toward traditional financial assets. These two sectors suffered considerably heavier losses compared to the market average decline.

Cyclical and commodity sectors also decline

Financial services and automotive sectors showed moderate weakening of around 2.5% each, while the energy commodities index—oil and gas—fell by 2.1%. The variation in the size of declines indicates selective selling pressure, where investors are not uniformly withdrawing from all segments of the Indian market.

The Indian market exhibits characteristics typical of a consolidation phase, with clear differences in performance among sectors. The downward dynamics suggest that recent gains in the Indian market have prompted profit-taking, especially in sectors that previously experienced significant growth.

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