Market Wrap: Indian Frontline Indices End Marginally Lower; IT Stocks Remained Under Pressure
About 993 stocks were advancing as against 1830 stocks that were declining, thus indicating a negative sentiment in the broader market.
Market Update at 4:00 PM: Indian Benchmark indices Sensex and the Nifty 50 closed in the red on Wednesday, March 12, losses led by IT heavyweights.
The Sensex closed 72 points or 0.1 per cent lower at 74,029, while the Nifty closed 27 points or 0.12 per cent higher to 22,470. The Nifty Bank gained 202 points to settle at 48,056 as the Banking stocks rising since early morning trade.
Broader indices closed lower where Nifty Mid-Cap dropped by 0.57 per cent as losses in information technology information technology stocks on worries over a slowdown in the U.S. economy offset gains in Bharti Airtel and Reliance Industries. While Nifty Small-Cap ended marginally lower by 0.21 per cent.
As indicated by India VIX, market volatility has decreased by 2.7 per cent, reflecting an decrease in market volatility compared to yesterday’s trading session.
Nifty Private Bank, Nifty Healthcare and Nifty Finance are among the Top Gainers, while currently Nifty IT, Nifty Realty and Nifty Media were among the Top Losers.
Trent, Sun Pharma and Bharti Airtel are among the top gainers while IndusInd Bank, Infosys and Mahindra & Mahindra are among the top losing stocks from the Nifty 50.
About 993 stocks were advancing as against 1830 stocks that were declining, thus indicating a negative sentiment in the broader market.
Market Update at 2:10 PM: In the current trading session, the benchmark indices trade lower with the Sensex falling by 0.37 per cent, while Nifty dropped by 0.32 per cent. Similarly, Nifty Mid-cap has fallen by 1.2 per cent, while Nifty Small-cap trades lower by 0.52 per cent
India VIX is currently trading lower by 1.35 per cent, indicating a decrease in market volatility.
Nifty Private Bank, Nifty Finance and Nifty Bank are among the top gainers, while currently Nifty IT, Nifty Realty and Nifty Media were among the top losers.
Trent, Sun Pharma and Bharti Airtel are among the top gainers while IndusInd Bank, Infosys and Mahindra & Mahindra are among the top losing stocks from the Nifty 50.
About 942 stocks are advancing as against 1819 stocks that are declining, thus indicating a negative sentiment in the broader market.
Market Update at 12:20 PM: India's equity benchmarks inched lower on Wednesday, as a drop in information technology stocks on concerns over U.S. growth weighed on broader gains.
The benchmark indices were trading lower, with Nifty trading down nearly 0.61 per cent at 22,360 and Sensex losing over 450 points at 73,630. U.S. President Donald Trump initially announced plans to double tariffs on Canadian steel and aluminum but quickly backtracked within hours. The sudden policy shift contributed to concerns about the U.S. economy, unsettling investors. The growing recession fears in the U.S. have created uncertainty in global markets.
This was evident in the India VIX, which dropped below the 14 mark down by 0.8 per cent during the day.
By midday, the top contributors to market gains were HDFC Bank (+41.39 pts), Kotak Bank (+15.38 pts) and Tata Motors (+6.13 pts). On the other hand, Infosys (-73.85 pts) and TCS (-17.17 pts) were trading in negative territory.
Broader indices were trading in red, with Nifty Mid-cap falling 1.57 per cent and Nifty Small-cap down 1.02 per cent. Sectoral performance was mixed, five out of 17 indices rosl, led by Nifty FMCG and Nifty Private Bank, while Nifty IT tanked 4 per cent. Nifty Realty was plunged by 2.33 per cent.
About 841 stocks are advancing as against 1904 stocks that are declining, thus indicating a negative sentiment in the broader market.
Market Update at 10:10 AM: India’s equity benchmark indices opened flat on Wednesday, as gains in Reliance Industries and Bharti Airtel, following their agreements with Elon Musk’s SpaceX to introduce Starlink internet services in India, balanced the decline in IT stocks.
At 10:00 AM, Sensex was down 62 points, or 0.08 per cent, at the 74,165 level, while Nifty jumped by 29 points, 0.13 per cent at 22,476. On the broader level, Nifty Mid-cap dropped by 0.27 per cent, while Nifty Small-cap surged by 0.29 per cent.
U.S. President Donald Trump pledged to double tariffs on Canadian steel and aluminum but reversed course in just hours, in rapid-fire moves that scrambled global financial markets. IT companies fell 3 per cent amid growth and tariff uncertainty in the United States, which is a key source of revenue for the sector.
In today’s trade India VIX has slipped below the 14 mark, up by 1.1 per cent, indicating a decrease in market volatility.
Nifty Private Bank, Nifty Bank and Nifty Oil & Gas are among the top gainers while Nifty IT, Nifty Media and Nifty Realty are among the top losers.
IndusInd Bank, Tata Motors and Kotak Bank are among the top gainers while Wipro, Infosys and HCL Technologies are among the top losing stocks from the Nifty 50.
About 1,330 stocks are advancing as against 1,143 declining stocks, thus indicating a Positive sentiment in the broader market.
Pre-Market Update at 7:45 AM: Gift Nifty hovered near the 22,550 mark, trading at a discount of around 14 points compared to the previous close of Nifty futures. This suggests a flat to slightly negative opening for Indian stock market indices, influenced by mixed global signals.
While most Asian markets traded in positive territory, U.S. stocks closed lower overnight due to developments in tariff policies and progress toward a potential ceasefire between Ukraine and Russia.
The U.S. stock market closed in the red on Tuesday as concerns over new tariff threats weighed on global economic sentiment. The Dow Jones Industrial Average fell by 478.23 points (1.14 per cent) to settle at 41,433.48. The S&P 500 also declined, losing 42.49 points (0.76 per cent) to end at 5,572.07, while the Nasdaq Composite slipped 32.23 points (0.18 per cent) to close at 17,436.10.
US President Donald Trump initially announced plans to double tariffs on Canadian steel and aluminum to 50 per cent but later retracted the decision within hours. This reversal followed a similar move by a Canadian official, who withdrew a proposed 25 per cent surcharge on electricity imports.
Job openings in the United States increased by 232,000 to 7.74 million in January 2025, up from a revised 7.51 million in December and surpassing the market expectation of 7.63 million.
Ukraine has agreed to a 30-day ceasefire with Russia, as proposed by US officials during talks in Saudi Arabia. This interim ceasefire, which may be extended through mutual consent, is contingent on Russia’s acceptance and concurrent implementation.
The US dollar initially strengthened to a one-week high before weakening against the Canadian dollar due to tariff developments. The Canadian dollar appreciated by 0.06 per cent to CUSD 1.44 per US dollar. Meanwhile, the euro touched a five-month high at USD 1.0909, while the US dollar gained 0.38 per cent against the Japanese yen, reaching 147.82.
In the Asian markets, Japan’s Nikkei 225 index rose 0.42 per cent, while the Topix index rose 0.72 per cent. South Korea’s Kospi index rallied 1.31 per cent, while the Kosdaq gained 1.58 per cent. Hong Kong’s Hang Seng index futures pointed to a weaker opening.
Japan’s wholesale inflation stood at 4.0 per cent in February, aligning with market expectations but easing from January’s 4.2 per cent increase. The corporate goods price index (CGPI) reflected this slowdown, while yen-based import prices dropped by 0.7 per cent after recording a 2.3 per cent rise in January.
Crude oil prices traded higher as the US cut its forecast for an oversupply. Brent crude oil gained 0.09 per cent to USD 69.96 a barrel, while the US West Texas Intermediate (WTI) crude futures rallied 0.42 per cent to USD 66.39.
The US dollar index was mostly flat overnight and it traded at 103.49. The USD/INR was trading around 87.12, declining from the previous trade.
On March 11, 2025, foreign institutional investors (FII) sold shares worth Rs 2,001.79 crore, while domestic institutional investors (DII) bought shares worth Rs 2,823.76 crore.
Stocks that are banned for trading in the F&O segment on March 12, 2025, are Indusind Bank Ltd, Steel Authority of India Ltd, Hindustan Copper Ltd, BSE Ltd and Manappuram Finance Ltd.
Disclaimer: The article is for informational purposes only and not investment advice.
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