The Indian stock market closed on a mixed note on March 11, as both the Sensex and Nifty 50 saw a day of fluctuating trends. While the Sensex ended marginally lower, the Nifty 50 managed to close in positive territory, reflecting an overall cautious sentiment among investors.
The Sensex opened lower and remained volatile throughout the session. It eventually settled at 74,102.32, down by 13 points or 0.02 per cent. Meanwhile, the Nifty 50 index managed to recover some ground and closed at 22,497.90, marking a gain of 38 points or 0.17 per cent.
Market sentiment was influenced by global uncertainties, particularly concerns over the impact of US President Donald Trump’s tariff policies.
These worries led to mixed trends in the broader market, with the midcap segment performing better than small-cap stocks. The BSE Midcap index rose by 0.72 per cent, while the BSE Smallcap index fell by 0.70 per cent.
The overall market capitalisation of BSE-listed firms saw a slight increase, rising to approximately ₹394.5 lakh crore from the previous session's ₹394 lakh crore. However, investors remained cautious due to foreign capital outflows and concerns over slowing global growth.
Market Performance and Key Highlights
The flat closing of the market was attributed to gains in key stocks such as ICICI Bank, Bharti Airtel, and Reliance Industries, which helped offset losses in IndusInd Bank, Infosys, and Mahindra & Mahindra.
IndusInd Bank emerged as the biggest drag on the indices, witnessing a sharp decline of 27 per cent after the private lender reported lapses worth ₹1,530 crore in its derivatives portfolio.
This news triggered heavy selling in banking stocks, particularly affecting the Nifty Bank index, which fell by 0.75 per cent.
Despite global sell-offs due to concerns over a potential economic slowdown, the Indian market showed signs of resilience. Analysts noted that falling crude oil prices, a weakening dollar index, and expectations of a rebound in domestic earnings helped limit market volatility.
Investors are now focused on upcoming retail inflation data, which could provide further insight into the Reserve Bank of India’s potential monetary policy decisions. Any indications of easing inflation could increase hopes of future interest rate cuts.
Top Gainers and Losers
Among Nifty 50 stocks, 33 ended with gains. Trent led the rally with a 4.13 per cent rise, followed by BPCL (up 3.02 per cent), Sun Pharma (up 2.82 per cent), BEL (up 2.49 per cent), and ICICI Bank (up 2.41 per cent).
On the other hand, IndusInd Bank suffered the steepest decline, tumbling 27.06 per cent. Other major losers included Infosys (-2.02 per cent), Bajaj Finserv (-1.75 per cent), Mahindra & Mahindra (-1.66 per cent), and Power Grid (-1.35 per cent).
Sectoral Trends
The Nifty Realty index surged by 3.63 per cent, leading the sectoral gains, despite the overall cautious sentiment in the market. Other sectors such as Oil & Gas, Financial Services, Healthcare, and Metals also posted moderate gains.
However, banking stocks faced selling pressure. The Nifty Private Bank index dropped by 1.38 per cent, while the Nifty PSU Bank index ended almost flat with a slight 0.02 per cent gain.
Most Active Stocks
Vodafone Idea (33.43 crore shares) emerged as the most actively traded stock in terms of volume on the NSE, followed by Zomato (12.24 crore shares), IndusInd Bank (10.11 crore shares), YES Bank (8.55 crore shares), and Tata Steel (3.6 crore shares).
52-Week Highs and Lows
The market saw significant movement in individual stocks, with 55 stocks, including JSW Holdings and Sarda Energy, hitting fresh 52-week highs. However, a large number of stocks—233 in total—touched their 52-week lows, including IndusInd Bank, Titan, and IDFC First Bank.
Stocks with Major Gains and Losses
Several stocks witnessed sharp movements. Pasupati Acrylon soared by 20 per cent, while Indegene surged by a remarkable 193.28 per cent on its market debut. Meanwhile, IndusInd Bank led the biggest declines, plummeting over 27 per cent, followed by Hercules Hoists (-9.65 per cent) and Madhav Marbles (-8.28 per cent).
Market Breadth
The advance-decline ratio remained weak, with 1,041 stocks advancing and 1,850 declining on the NSE. This indicated a broader weakness in the market despite the indices ending flat.
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