Nifty 50 Falls Below 23,000 Mark; Nearly 700 Stocks Hit 52-Week Lows, Including Trent, TCS, and ICICI Bank

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Nifty 50 Falls Below 23,000 Mark; Nearly 700 Stocks Hit 52-Week Lows, Including Trent, TCS, and ICICI Bank

On Monday, March 16, 2026, the Indian stock market opened flat and attempted to move higher. However, as seen in recent sessions, every rise continued to attract selling pressure. This time was no different, as the index slipped below the 23,000 mark on an intraday basis, touching an almost 11-month low.

 

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Most sectoral indices were trading in negative territory, with Nifty Realty emerging as the biggest loser, down 2.16 per cent. Global tensions, higher crude oil prices, sustained FII selling in Indian markets, the weakening rupee, and fragile investor sentiment continued to weigh on overall market mood. The weakness was also reflected in market breadth, with nearly 700 stocks hitting fresh 52-week lows on March 16, 2026.

700 Stocks Hit Fresh 52-Week Low on NSE 

According to the latest NSE data as of March 16, 2026, 12:14 IST, only 16 securities were hitting their 52‑week high, while 700 stocks touched their 52‑week low. This means that nearly 700 stocks were trading at their lowest levels of 52-week. 

Another sign of strong selling was the number of stocks in the Lower Circuit. Today, 108 stocks were locked down at their daily lower price limits.

Stocks Like TCS, Exide, Trent and More Hit 52-Week Low 

Here is the list of stocks trading near or at their 52-week lows including Balkrishna Industries Ltd, Bajaj Healthcare Ltd, Blue Dart Express Ltd, Computer Age Management Services Ltd, Devyani International Ltd, Exide Industries Ltd, HDFC Life Insurance Company Ltd, ICICI Bank Ltd, Indian Hotels Co Ltd, IRCTC Ltd, IEX Ltd, Page Industries Ltd, Jubilant Foodworks Ltd, Patanjali Foods Ltd, Pidilite Industries Ltd, Raymond Ltd, Tata Elxsi Ltd, Tata Chemicals Ltd, Tata Consultancy Services Ltd (TCS), Trent Ltd, and Zee Entertainment Enterprises Ltd.

This shows that the market weakness is widespread, affecting almost every segment and category of companies.

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Disclaimer: The article is for informational purposes only and not investment advice.