The downward trend of benchmark indices Nifty and Sensex continued on November 13, with both experiencing their steepest declines in five months. This decline was accompanied by a sell-off across all sectors.

Investor concerns over inflation, elevated valuations, and disappointing Q2 earnings have dampened market sentiment. The mid- and small-cap indices also declined by 2 percent and 2.3 percent, respectively. The market volatility index, India VIX, rose over 5 percent, indicating increased uncertainty among investors.

With a significant number of shares declining compared to those advancing, the overall health of the market appears to be under strain.