Stock Market Today: Sensex, Nifty 50 Decline Amid Global Weakness; Reliance, L&T Lead Losses

Broader Markets Face Heavy Selling as Global Growth Concerns Weigh on Sentiment

March 10, 2025: Indian stock markets ended lower on Monday, March 10, 2025, following a sell-off in global equities as weak U.S. Nonfarm payroll data and slowing Chinese economic indicators fueled recession concerns.

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The Nifty 50 fell 0.50% to close at 22,466 points, while the Sensex declined 0.30%, ending at 74,118 points. The broader markets took a bigger hit, with the Nifty Midcap 100 index dropping 1.37% and the Nifty Smallcap 100 index tumbling 1.72% to close at 48,514 and 15,237 points, respectively.

Key Factors Behind Today’s Market Dip

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🔹 Weak Global Cues:

• U.S. job data missed expectations, with Nonfarm payrolls increasing by just 151,000 jobs in February.
• The unemployment rate rose to 4.1%, the first monthly report reflecting Donald Trump’s economic policies.
• The Nasdaq entered correction territory, falling 10% from its peak amid recession fears.

🔹 China’s Economic Slowdown:

• China’s Consumer Price Index (CPI) fell at its sharpest rate in 13 months in February.
• Producer price deflation extended for the 30th straight month, signaling slowing demand.

🔹 Goldman Sachs Lowers India’s Growth Outlook:

• Nifty 50’s 12-month target was cut to 25,500 from 27,000.
• India’s economic growth and corporate earnings are expected to slow, leading to a ‘Marketweight’ rating.

🔹 Major Stock Drags:

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• Heavyweights Reliance Industries and Larsen & Toubro (L&T) contributed significantly to the decline.
• Small and mid-cap stocks saw a sharp selloff as investors shifted to defensive large-cap plays.

Looking Ahead: What’s Next for Indian Markets?

With escalating trade tensions between the U.S., China, and Canada, global economic uncertainty remains a key driver for Indian markets. Investors will closely watch:

✅ Inflation data release (India & U.S.)
✅ Upcoming Federal Reserve meeting on interest rates
✅ Foreign Institutional Investor (FII) flows

Analysts suggest maintaining a cautious stance while keeping an eye on defensive sectors like FMCG and IT stocks, which could provide some stability in the coming weeks.

Tags: Stock Market, Sensex, Nifty 50, Indian Markets, Reliance, L&T, US Economy, China CPI, Goldman Sachs, Market Crash