Stock Market Highlights: Sensex ends 73 pts lower amid volatility

Stock Market Highlights: The BSE Sensex swung in a near 800-point range amid buying support in private banking shares, and weakness in IT stocks on Wednesday. Broader indices dipped around 0.5%.

Stock Market LIVE Updates, Wednesday, March 12, 2025: Benchmark equity indices ended with marginal losses on Wednesday, weighed down by intense selling pressure in IT stocks. Smart gains in private banking shares, however, helped the benchmark indices keep losses in check.

 

The BSE Sensex opened 170-odd points higher at 74,270, and soon spurted to a high of 74,392. Thereafter, the BSE index pared gains and slipped into the red, sliding to a low of 73,598 - down 794 points from the day's high. The Sensex eventually ended the day with a marginal loss of 73 points or 0.1 per cent at 74,030 - the BSE benchmark was down for the fourth straight trading session.

 

The NSE Nifty 50, from a high of 22,577 tumbled to a low of 22,330 - down 247 points in intra-day deals - before signing off the day 27 points lower at 22,470.

 

Among the Sensex 30 shares, IndusInd Bank was the top gainer, up nearly 5 per cent as the bank's CEO and group chairman tried to soothe investors' fears. Tata Motors, Kotak Bank, Bajaj Finance, ITC, HDFC Bank and Sun Pharma were the other major gainers - up 1 - 3 per cent each.

 

On the other hand, Infosys plunged over 4 per cent. Tech Mahindra, Nestle India, HCL Technologies, TCS, Asian Paints, Axis Bank, Adani Ports, Hindustan Unilever, Zomato and SBI ended with losses in the range of 1 - 3 per cent.

 

In the broader market, the BSE MidCap and the SmallCap indices closed with losses of around 0.5 per cent each. The overall market breadth too was fairly negative, with nearly 2,500 stocks declining as against near 1,500 advancing stocks on the BSE.

 

Sectorally, the BSE IT index plunged over 3 per cent amid fears of potential US recession risk, and downgrades by Morgan Stanley and Motilal Oswal Financial Services. The Realty index shed 1.7 per cent, and the Metal was down 0.5 per cent. On the positive front, the Nifty Private Bank index gained 0.7 per cent on Wednesday.

4:26 PM

Stock Market LIVE Updates: View on AMFI data

Stock Market LIVE Updates: Continuous monthly market correction has led to slowdown of the sales for the first time in Feb, this could also be partially attributed to a truncated month. Allocations are being tilted towards Multi Asset Allocation, Large and Flexi categories. Investors are being cautious in allocations and may postpone or stagger in near future.

Having said so, net sales of 30,000 crore is also a pretty healthy and the broader sentiment looks optimistic long term wealth creation perspective

4:23 PM

Stock Market LIVE Updates: Sensex closes down 72.56 pts at 74,029.76

Stock Market LIVE Updates: BSE Sensex closed down 72.56 points or 0.10 per cent at 74,029.76. The index made an intraday low at 73,598.16.

4:21 PM

Stock Market LIVE Updates: Nifty50 finishes 27 pts lower at 22,470.50

Stock Market LIVE Updates: NSE Nifty50 closed 27.4 points or 0.12 per cent lower at 22,470.5.

4:20 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close

Stock Market LIVE Updates: Infosys, Tech Mahindra, HUL were among the top losers on Sensex. 

4:19 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty experienced another volatile session as traders remained skeptical about the recent market recovery and chose to stay neutral ahead of the Nifty weekly expiry. Throughout the day, the index remained above 22,300. A multiple-bottom formation is observed around 22,300, making this level a crucial short-term support. On the higher end, it faces resistance at 22,500/22,600.

View by Rupak De, senior technical analyst, LKP Securities.

4:16 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Persistent uncertainties surrounding global trade and the fear of a US recession continue to influence the domestic market's momentum. Despite the stabilisation in valuation to the 5-year average and signs of improvement in urban and rural demand, investor risk appetite remains subdued.

Today's key concern is whether the ongoing correction happening in the US market can spill over to the global market. The US market is under pressure from weakening economic data and uncertainty over tariff policy.