Market Wrap: Indian Frontline Indices End Lower as Broader Indices Extend Losses
About 607 stocks were advancing as against 2308 stocks that were declining, thus indicating a negative sentiment in the broader market.
Market Update at 4:00 PM: Indian equities closed lower on Monday, with broader market segments witnessing steeper declines as concerns over U.S. tariffs and continued market weakness kept investor sentiment cautious.. The Sensex closed 217 points or 0.29 per cent lower at 74,115, while the Nifty closed 92 points or 0.29 per cent lower to 22,460. The Nifty Bank lost 130 points to settle at 48,498.
Last week, the key indices had gained nearly 2 per cent, likely driven by bargain hunting, after an extended market sell-off erased USD 1 trillion from India’s market capitalisation, making Large-Cap valuations more appealing.
Broader indices closed over 1 per cent down where Nifty Mid-cap declined by 1.53 per cent, while Nifty Small-cap tumbled by 1.97 per cent.
As indicated by India VIX, market volatility has increased by 3.08 per cent, reflecting an increase in market volatility compared to yesterday’s trading session.
India is negotiating a trade agreement with the U.S., as U.S. authorities have repeatedly raised concerns over high tariffs.
An increase in tariffs could impact domestic growth, contribute to inflationary pressures, and slow economic expansion in the U.S., potentially affecting foreign investment flows into emerging markets, including India.
Nifty FMCG was the only top gaining sector, while Nifty Realty, Nifty Oil & Gas and Nifty PSU Bank closed in negative territory.
Hindustan Unilever, Power Grid and Infosys are among the top gainers while IndusInd Bank, Trent and ONGC are among the top losing stocks from the Nifty 50.
About 607 stocks were advancing as against 2308 stocks that were declining, thus indicating a negative sentiment in the broader market.
Market Update at 2:00 PM: In the current trading session, the benchmark indices trade mixed with the Sensex surging by 0.16 per cent, while Nifty declined by 0.01 per cent. Similarly, Nifty Mid-cap has plunged by 0.84 per cent, while Nifty Small-cap trades lower by 1.18 per cent
India VIX is currently trading higher by 2 per cent, indicating an increase in market volatility.
Nifty FMCG, Nifty Finance and Media are among the top gainers, while currently Nifty Oil & Gas, Nifty Consumer Durables and Nifty PSU Banks were among the top losers.
Hindustan Unilever, Power Grid and Infosys are among the top gainers while IndusInd Bank, Trent and ONGC are among the top losing stocks from the Nifty 50.
About 772 stocks are advancing as against 2072 stocks that are declining, thus indicating a negative sentiment in the broader market.
Market Update at 12:40 PM: India's benchmark indexes eked out gains in early trades on Monday, helped by financial services and metal stocks, even as U.S. tariff uncertainties loomed.
Indian equities were trading higher, with Nifty rising nearly 0.13 per cent at 22,580.55 and Sensex gaining over 130 points at 74,460.08. Intraday, both indices rose over 0.55 per cent, with Nifty touching 22,676.75 and Sensex reaching 74,741.25.
Volatility may stay high in the near term due to uncertainty over reciprocal tariffs, which could have a significant impact on India.
This was evident in the India VIX, which rose 3 per cent during the day.
India is negotiating a bilateral trade deal with the U.S. following multiple statements from President Donald Trump criticizing India's high tariffs.
Broader indices were trading lower, with Nifty Midcap 150 falling 0.59 per cent and Nifty Smallcap 250 down 1.04 per cent. Sectoral performance was mixed—most indices fell, led by Nifty Oil & Gas and Nifty PSU Bank, while Nifty IT edged up 0.15 per cent. Nifty Bank was down 0.10 per cent.
On the sectoral front, 13 major sectors, six saw declines. The broader markets led by gains in Nifty Metals and FMCG. Conversely, Nifty Oil and Gas index dropped over 1 per cent.
About 869 stocks are advancing as against 1914 stocks that are declining, thus indicating a positive sentiment in the broader market.
Market Update at 10:20 AM: India's benchmark indices opened flat on Monday after posting their strongest weekly gains in three months, while broader Asian markets declined amid concerns over U.S. tariffs and deflationary trends in China.
At 10:05 AM, Sensex was up 311 points, or 0.42 per cent, at the 74,636 level, while Nifty also jumped by 84 points, 0.84 per cent at 22,643. On the broader level, Nifty Mid-Cap traded flat,
while Nifty Small-Cap slipped by 0.72 per cent.
Reliance Industries, the largest contributor to the Nifty 50, surged 8.5 per cent rebounding from a 15-month low earlier in the week.
Meanwhile, the metals sector saw strong momentum, with the Nifty Metal index rising 8.6 per cent for its best weekly performance in nearly four years. The rally was driven by optimism surrounding potential stimulus measures from China and its plans to reduce steel production.
In today’s trade India VIX has jumped to 13.87, up by 3 per cent, indicating a increase in market volatility.
Nifty Metal, Nifty FMCG and Nifty Realty are among the Top Gainers while Nifty PSU Bank, Nifty Auto and Nifty Consumer Durables are among the Top Losers.
Power Grid Corp, Hindustan Unilever and Adani Ports are among the top gainers while IndusInd Bank, Trent and Bajaj Auto are among the top losing stocks from the Nifty 50.
About 1032 stocks are advancing as against 1553 declining stocks, thus indicating a negative sentiment in the broader market.
Pre-Market Update at 7:45 AM: Sensex and Nifty 50 are likely to open lower on Monday, influenced by mixed global market cues. While most Asian markets traded in the red, the US stock market closed higher last Friday. Wall Street recorded its steepest weekly decline in months, adding to the cautious sentiment.
Gift Nifty was trading near the 22,600 level, approximately 30 points lower than the previous close of Nifty futures, signaling a weak opening for Indian stock market indices.
This week, investors will focus on key market triggers such as global trends, macroeconomic data, US tariff updates, foreign fund flows, and geopolitical developments. Additionally, fluctuations in the US dollar and crude oil prices will be closely monitored. On Friday, the Indian stock market ended a volatile session flat, with Nifty 50 managing to stay above 22,500.
The US stock market closed higher on Friday following Federal Reserve Chair Jerome Powell's statement that the economy was “in a good place.” Despite this, Wall Street experienced its steepest weekly decline in months due to uncertainty surrounding US trade policy.
The Dow Jones Industrial Average gained 222.64 points (0.52 per cent) to reach 42,801.72, while the S&P 500 advanced 31.68 points (0.55 per cent) to 5,770.20. The Nasdaq Composite climbed 126.97 points (0.70 per cent) to close at 18,196.22
US Fed Chair Jerome Powell said the central bank will go slower to cut interest rates and echoed concerns about President Donald Trump’s policies, Reuters reported. Powell said the Fed will take a cautious approach to monetary policy easing, adding the economy currently “continues to be in a good place.”
US job growth in February came in slightly below expectations, with the unemployment rate increasing to 4.1 per cent. Nonfarm payrolls rose by 151,000 last month after a downward revision of January’s figure to 125,000.
China’s consumer price index saw its sharpest drop in 13 months in February, while producer price deflation persisted for the 30th straight month. The consumer price index declined by 0.7 per cent year-over-year, following a 0.5 per cent rise in the prior month.
China’s new tariffs of up to 15 per cent on a range of US agricultural goods take effect on Monday. Additionally, Beijing announced a complete suspension of soybean imports from three US entities and a halt on purchases of American logs.
In the Asian markets Japan’s Nikkei 225 traded flat, and the Topix dropped 0.06 per cent. South Korea’s Kospi jumped 0.5 per cent, and the Kosdaq rose by 0.12 per cent. Hong Kong’s Hang Seng index futures signaled a weaker open was traded down by 0.73 per cemt.
Crude oil prices declined as increased output from OPEC producers and concerns over the impact of potential U.S. import tariffs on global economic growth and fuel demand weighed on the market. Brent crude slipped 0.36 per cent to USD 70.11 per barrel, while U.S. West Texas Intermediate (WTI) dropped 0.40 per cent to USD 66.77 per barrel. WTI registered its seventh consecutive weekly decline, marking its longest losing streak since November 2023, while Brent recorded losses for the third straight week.
The U.S. dollar weakened to multi-month lows against the euro and yen, depreciating against most major currencies on Friday. The dollar index, which tracks the greenback against a basket of six major currencies, declined 3.5 per cent over the past week. On Friday, it fell 0.4 per cent to 103.81, after touching its lowest level since early November.
On March 07, 2025, foreign institutional investors (FII) sold shares worth Rs 2,035.10 crore, while domestic institutional investors (DII) bought shares worth Rs 2,320.36 crore.
Stocks that are banned for trading in the F&O segment on March 10, 2025, are Manappuram Finance and Hindustan Copper.
Disclaimer: The article is for informational purposes only and not investment advice.