Why did the Indian stock market crash today? | 13 Feb 2026
- Feb 13
- 1 min read
It was mainly because the global mood turned “risk-off” (people started selling risky assets everywhere), and India got pulled into that wave.
1) US jobs data = rate cuts may get delayed
⚠️ US jobs data just dropped
Expected: 66K
Actual: 130K
When US job numbers are strong, markets think:
➡️ The US Fed may not cut interest rates soon.
Higher rates for longer = bad for risk assets like stocks and crypto.
2) Strong dollar hurts emerging markets like India
If rate cuts get delayed, the US dollar usually becomes stronger.
A strong dollar often means:
Foreign investors become more careful in emerging markets
Some selling can happen in India (FII pressure)
Rupee can weaken, which also hurts sentiment
3) Biggest hit: IT stocks
Indian IT companies are very sensitive to US growth + US tech sentiment.
If US tech falls or global risk sentiment worsens, IT gets sold first in India.
So IT selling pulled Nifty/Sensex down more.
4) Chain reaction selling
Once big stocks fall, the market triggers:
stop-loss selling
algo selling
margin pressure in some pockets
So the fall spreads from one sector to others.
