Sensex Falls Below 73,000 Amid Global Equity Sell-Off

Mumbai: The BSE Sensex closed 96.01 points lower at 72,989.93 on March 4, 2025, marking its 10th consecutive session of decline. The benchmark index plunged 452.4 points intraday to touch a low of 72,633.54 before recovering some losses.

The NSE Nifty also declined, slipping 36.65 points to settle at 22,119.30, extending its losing streak to nine straight sessions.

Key Market Movements

Opening Losses:

The Sensex fell 177.39 points (0.24%) to 72,908.55 in early trade.
The Nifty dropped 59 points to 22,060.30.

Closing Figures:

Sensex: 72,989.93 (-96.01 points)
Nifty: 22,119.30 (-36.65 points)

Key Factors Driving the Market Decline

Weak Global Markets: Global markets remained under pressure due to rising trade tensions and concerns over US tariffs.

FII Selling Pressure: Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,788.29 crore on Monday, adding to the selling pressure.

Oil Prices Decline: Global oil benchmark Brent crude fell 0.63% to $71.17 per barrel, reflecting concerns over global demand.

Top Gainers & Losers on Sensex

Stocks That Dragged the Market Down:

Reliance Industries
Sun Pharmaceuticals
Infosys
Nestle India
Asian Paints
Bharti Airtel
Maruti Suzuki India
Titan
Hindustan Unilever
Bajaj Finserv
HCL Technologies

Stocks That Provided Some Support:

HDFC Bank
Tata Consultancy Services (TCS)
Adani Ports
State Bank of India (SBI)
Zomato
Power Grid
Tata Steel

Expert Market Insights

Vinod Nair, Head of Research, Geojit Financial Services:

“The domestic market recovered from today’s lows but remained in negative territory due to escalating global trade tensions.”

Ajit Mishra – SVP, Research, Religare Broking Ltd:

“Weak global cues continue to weigh on sentiment, but selective buying is limiting the downside.”

Global Market Performance

Asian Markets:

Seoul, Hong Kong, and Tokyo ended lower, while Shanghai finished in positive territory.

US Markets:

Wall Street ended in the red on March 3, 2025, adding pressure on Asian equities.

Market Outlook

With persistent selling by FIIs and global uncertainty, markets may remain volatile in the coming sessions. Investors are advised to remain cautious and focus on fundamentally strong stocks while monitoring global trade developments and economic data releases.