MOHAMMAD ZIYAUDDIN
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Mumbai: The BSE Sensex ended 200.85 points lower at 73,828.91 on Thursday, March 13, marking its fifth consecutive session of losses due to selling pressure in realty, IT, and auto stocks.
The NSE Nifty also declined 73.30 points, settling at 22,397.20, reversing early gains amid weak global cues and heavy selling in select blue-chip stocks.
Market Movement Recap
The Sensex opened in the green, hitting an intraday high of 74,401.11 by afternoon.
However, persistent selling saw the index drop 259.17 points to touch a low of 73,770.59 before closing at 73,828.91.
The Nifty, too, faced selling pressure, closing below the 22,400 mark.
Top Losers & Gainers on Sensex
Major Losers:
Among the 30 Sensex stocks, 22 ended in the red, including:
- Reliance Industries
- Bajaj Finserv
- UltraTech Cement
- IndusInd Bank
- Infosys
- Maruti Suzuki India
- Adani Ports
- Tata Motors
Top Gainers:
Only 8 stocks managed to stay in the green, including:
- Tata Steel
- NTPC
- Sun Pharma
- TCS (Tata Consultancy Services)
- Kotak Mahindra Bank
- SBI (State Bank of India)
- ICICI Bank
- PowerGrid
Expert Views on Market Sentiment
Vinod Nair, Head of Research, Geojit Financial Services:
“The shortened trading week and sell-off in the US short market are causing a hiccup for the global market. However, India is showing resilience, with a narrow negative trend.”
Ajit Mishra, SVP, Research, Religare Broking Ltd:
“On the weekly expiry day, markets remained range-bound and closed slightly lower. While positive global cues initially supported an uptick, selling in heavyweight stocks dragged the Nifty into the red.”
Global Market & FII/DII Activity
Asian Markets:
- Major indices in Seoul, Hong Kong, Tokyo, and Shanghai closed lower.
- The US stock markets ended in green on Wednesday.
Commodities & Crude Oil:
- Brent Crude traded 0.34% lower at USD 70.71 per barrel.
Institutional Investments:
- Foreign Institutional Investors (FIIs) sold equities worth ₹1,627.61 crore.
- Domestic Institutional Investors (DIIs) bought equities worth ₹1,510.35 crore.
Previous Market Session (March 12, 2025)
Sensex ended 72.56 points lower at 74,029.76.
Nifty slipped 27.40 points to close at 22,470.50.
What’s Next for the Markets?
Market analysts believe that continued selling pressure in key sectors like IT, auto, and realty could keep the indices under pressure.
However, strong domestic investor participation and positive US market trends may provide some support.
Investors are advised to stay cautious amid global uncertainties and watch for cues from institutional flows and crude oil prices.
