Domestic equity markets have been in correction mode since the start of 2026, driven by a confluence of global shocks and domestic pressures. Year-to-date, as of March 16, 2026, the Nifty 50 TRI has declined 10%, while the Nifty Midcap 150 TRI and Nifty Smallcap 250 TRI have fallen 9% and 11%, respectively. Indian equities remain under pressure due to stretched valuations and persistent FII outflows. US tariffs, a weak rupee, IT sector underperformance, and geopolitical tensions have added to the strain. However, SIP flows offer a silver lining. Here is how various market segments have fared so far this year.

Published on March 17, 2026