This week's major market triggers include US Fed policy, FPI inflows, crude oil prices, and worldwide signals.

 Investors will turn their attention to global cues and central banks worldwide in the upcoming week for expected rate cut timelines following a challenging week of carnage on D-Street. In the third week of March, several factors, including foreign capital inflow, crude oil prices, the conclusion of the US Federal Reserve policy meeting, and international cues, will determine market movement.

The national market benchmarks ended a four-week gain and had their worst week since October 2023, with the wider indexes pulling down Nifty and Sensex, which are down 2.09 percent and 1.99%, respectively. In the ensuing sessions, the move was muted and tracked inconsistent cues. In the last sessions, the indicators rose from their intraday lows. Bharti and Bajaj Finance helped to keep the Nifty 50 stable at 22,000.

Following a sharp drop in the region of 4.7% to 5.5%, small and midcap stocks had their worst week in 15 months as a result of capital markets regulator Securities and Exchange Board of India (SEBI) raising concerns over stretched valuations. Concerns over markets being in a bubble have also been raised by experts.

Nifty and Sensex eventually closed at levels that were close to the week's low, 22,023.35 and 72,643.40, respectively. Real estate, metal, and energy were among the biggest losers as all of the major industries—aside from IT—ended the year in the red. Mutual fund stress test results showed differences in how long the funds would take to sell their holdings.

"Concerns about the overall market value and spike in volatility caused the domestic market to fall after reaching a new high. According to Vinod Nair, Head of Research at Geojit Financial Services, "the unfavorable risk-reward balance of mid- and small-cap stocks, fueled by prolonged premium valuations, has aggravated the downfall."