Nifty 50 Ends 3-Day Winning Streak, Sensex Drops Over 200 Points – Key Highlights of Indian Stock Market Today
Sensex Drops : On Monday, March 10, 2025, the Indian stock markets experienced a notable downturn, ending a three-day winning streak. The benchmark indices, Sensex and Nifty 50, which had shown promise earlier in the session, succumbed to selling pressures by the day’s end. This shift was largely influenced by weak global cues and escalating concerns over U.S. tariffs.
Market Overview
The BSE Sensex began the day on a positive note, climbing as much as 409 points (0.55%) to reach an intraday high of 74,741. However, this momentum was short-lived, and the index reversed its gains, closing 217 points (0.29%) lower at 74,115. Similarly, the Nifty 50 index rose by 124 points (0.55%) to touch 22,676 but ended the session down by 92 points (0.41%) at 22,460.
The broader market faced even steeper declines. The BSE Midcap index dropped by 1.46%, while the BSE Smallcap index tumbled 2.11%. Consequently, the market capitalization of BSE-listed companies shrank by ₹4.65 lakh crore, settling at ₹39.36 lakh crore.
Key Factors Influencing the Market
Several elements contributed to the market’s downturn:
- Global Economic Concerns: Investors remained cautious due to uncertainties surrounding U.S. tariffs and their potential impact on global trade dynamics. Vinod Nair, Head of Research at Geojit Financial Services, noted that global headwinds, including rising U.S. unemployment rates and tariff concerns, have introduced volatility into the markets. He advised investors to approach the current market with caution in the short term, while maintaining a positive outlook for the long term.
- Anticipation of Economic Indicators: The market awaited key economic data releases, such as the Consumer Price Index (CPI) figures from both the U.S. and India. These indicators are expected to provide insights into inflation trends and potential monetary policy adjustments.
Top Nifty 50 Losers
Out of the 50 Nifty stocks, 41 ended in the red. The top losers included:
- IndusInd Bank: The bank’s shares declined by 3.71%. This drop followed the Reserve Bank of India’s (RBI) decision to extend CEO Sumant Kathpalia’s tenure by only one year, leading to analyst downgrades and reduced price targets. moneycontrol.com
- Trent: The retail company’s stock fell by 2.32%. Analysts expressed concerns over revenue throughput due to the proximity of new Westside and Zudio stores, leading to a ‘Reduce’ rating and a price target of ₹5,150. moneycontrol.com
- Eicher Motors: The automaker’s shares decreased by 2.51%, reflecting broader challenges in the auto sector.
- ONGC: The oil and gas company’s stock declined by 1.20%, amidst fluctuations in global oil prices.
- Hero MotoCorp: The two-wheeler manufacturer’s shares dipped by 1.13%, indicating pressures within the automotive industry.
Top Nifty 50 Gainers
Despite the overall market downturn, some stocks managed to post gains:
- Power Grid Corporation: The company’s shares rose by 3.85%, reaching ₹273.45. This surge is attributed to its robust operational performance and strategic initiatives in the power sector. angelone.in
- Hindustan Unilever (HUL): The FMCG giant’s stock increased by 2.55%, closing at ₹2,260.70. HUL’s strong brand portfolio and consistent demand for consumer goods contributed to its resilience. angelone.in
- Hindalco: The metal company’s shares advanced by 2.31%, reflecting positive sentiment in the metals sector. angelone.in
- JSW Steel: The steel manufacturer’s stock gained 1.88%, benefiting from favorable industry dynamics. angelone.in
- Adani Ports: The company’s shares rose by 1.80%, indicating optimism in the logistics and port operations sector. angelone.in
Sectoral Performance
The sectoral indices presented a mixed picture:
- FMCG: The Nifty FMCG index was the sole sector to close in positive territory, edging up by 0.22%. This uptick underscores the sector’s defensive nature during volatile market conditions.
- PSU Banks and Auto: These sectors faced significant selling pressure, with the Nifty PSU Bank index declining by 1.86% and the Nifty Auto index falling by 1.22%.
- Other Sectors: Indices tracking banks, metals, IT, media, and pharma sectors also ended in the red, reflecting widespread caution among investors.
Most Active Stocks by Volume
The trading volumes highlighted investor interest in certain stocks:
- Vodafone Idea: The telecom company’s shares saw a trading volume of 43.88 crore, indicating heightened activity.
- Suzlon Energy: The renewable energy firm’s stock recorded a volume of 8.14 crore shares.
- Yes Bank: The bank’s shares had a trading volume of 6.86 crore, reflecting ongoing investor engagement.
- Zomato: The food delivery platform’s stock saw 6.27 crore shares traded,
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.