Stock Market LIVE Updates, Tuesday, March 11, 2025: Benchmark equity indices set aside global market jitters and staged a recovery on Tuesday aided by gains in Reliance Industries, ICICI Bank and Bharti Airtel. Global markets traded on a negative note amid fears of potential US recession risk.
The BSE Sensex started the day with a negative gap of 371 points, and soon hit the day's low at 73,664. Thereafter, slowly and steadily buying interest emerged and the Sensex clawed its way back into the positive to touch a high of 74,187. The Sensex finally ended at 74,102 - down 13 points.
The NSE Nifty 50 index moved in a range of little over 200 points, from a low of 22,315, the index jumped to a high of 22,522, and eventually settled with a gain of 38 points at 22,498.
Among individual Sensex stocks - IndusInd Bank crashed 27 per cent after the private banking lender said that an internal review of its derivative portfolio revealed discrepancies, for which the bank estimated Rs 1,577 crore or approximately 2.35 per cent hit on its net worth.
That apart, Infosys, Bajaj Finserv, Mahindra & Mahindra, Zomato, Hindustan Unilever, Power Grid Corporation and Axis Bank declined in the range of 1 - 2 per cent. On the other hand, Sun Pharma and ICICI Bank gained around 2.5 per cent each. Bharti Airtel, HCL Technologies, Maruti Suzuki, Titan, Larsen & Toubro and Reliance Industries were the other prominent gainers.
In the broader market, the BSE MidCap index advanced 0.7 per cent, while the SmallCap slipped 0.7 per cent. The overall breadth was in favour of the bears, with 2,469 stocks declining versus 1,499 advancing shares on the BSE.
Meanwhile, Morgan Stanley in its latest report on Indian equity markets said, they expect the Sensex to hit the 105,000 mark by December 2025 as their bull-case scenario for the index, and around 93,000 in the base case scenario.
 "Stock Market Highlights: Sensex, Nifty overcome US recession scare.")
