Crash of the stock market : IndusInd Bank, Titan, and IDFC First Bank all fell to their 52-week lows; here's why

On Tuesday, as a result of an extensive morning sell-off in Asian markets, NIFTY50 and SENSEX traded lower. The general sentiments of the market were impacted by the decline in US markets during the previous trading session. The benchmark NIFTY50 was at 22,405 at 12:05 p.m., down 40 points, or 0.23 percent. The BSE SENSEX, meanwhile, dropped over 200 points, or 0.30%, to 73,891.

 Fears that US President Donald Trump's trade tariffs could plunge the nation into recession caused Monday's sharp decline in US markets. Investors' concerns have grown as a result of economic uncertainty and their dread of a recession, which has resulted in a board-based sell-off in global markets. On Tuesday, March 11, 152 stocks in the domestic market experienced their lowest levels in 52 weeks. India's volatility index, or VIX, increased 0.5 percent to 14.20. With declines of 1.4 percent and 0.8 percent, respectively, the NIFTY IT and NIFTY Bank indices were the primary sectoral losers. With gains of 2.9 percent and 0.62%, NIFTY Realty and NIFTY Oil & Gas were the biggest gainers.

The major stocks that reached their 52-week lows on Tuesday, March 11 are as follows: IndusInd Bank (670, 52-week low) After the bank disclosed discrepancies in its derivative portfolio, shares of IndusInd Bank Ltd. fell 20% in early trading on Tuesday to a 52-week low of 720.35 per share on the National Stock Exchange of India (NSE). According to a March 10 company filing, IndusInd Bank has estimated that some differences in these account balances will have a negative impact of 2.35 percent on its net worth.

Find out why the share price of IndusInd Bank drops 23% in this article. In the previous session, IndusInd Bank was in the news after the Reserve Bank of India (RBI) had cut short the approval for the re-appointment of the lender’s managing director and CEO Sumant Kathpalia for a period of one year instead of three years.

The Titan Company has a 52-week low of 3,010 Titan Co. shares Ltd slipped 0.5% to hit their 52-week low of ₹3,010 on NSE on Tuesday.  The stock has lost 7.5% in the last one month and almost 19% in the past year.
Titan is the focus of attention because analysts worry that if US President Donald Trump decides to impose reciprocal tariffs on countries like India starting on April 2, 2025, shares of US-based companies that focus on exporting to India will likely rise. India exports diamonds and gold jewelry to the United States in large quantities. IDFC First Bank (52-week low: ₹55.03)
 
On Tuesday, shares of IDFC First Bank Ltd. fell 2.4% to a 52-week low of 55.03 per share on the NSE. Over the past month, the stock has lost more than 10%, and over the past year, it has lost more than 31%. Today, the stock is trading lower amid a widespread sell-off in banking stocks. NIFTY Bank lost more than 1 percent after IndusInd discovered imbalances in derivative account balances. IDFC First Bank stock has been struggling over the past one month after the lender reported a 15% year-on-year decline in net profit due to higher bad loan provisions in microfinance.  

Despite a 14 percent rise in its net interest income (NII), this was the case. Shoppers Stop (483.2, 52-week low) On Tuesday, Shoppers Stop Ltd. shares fell 2.7% to a 52-week low of 483.2  each on the NSE. The stock has lost more than 36% in the past year and nearly 14% in the past month. Last week, large format department store chain Shoppers Stop unveiled Shoppers Stop 2.0, a reimagined luxury shopping experience, at its flagship store in Inorbit Mall at Malad in Mumbai.

In addition, SS Beauty by Shoppers Stop opened its first fragrance-only store at the Nexus Mall in Koramangala, Bengaluru, on Monday. 3i Infotech Ltd., Centrum Capital Ltd., Gensol Engineering Ltd., Dalmia Bharat Ltd., Yes Bank Ltd., Trident Ltd., Vedant Fashions Ltd. (Manyavar), and One Mobikwik Systems Ltd. are among the other major stocks at their 52-week low.