Indian stock market sees volatile trading as IT sector drags indices down
March 12, 2025: The Sensex and Nifty 50 ended on a flat note today, weighed down by a sharp decline in IT stocks. The Nifty IT Index hit an 8-month low, reflecting concerns over weak revenue growth, macroeconomic uncertainties, and brokerage downgrades.
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Key Highlights from Today’s Market:
✅ Sensex closed at 74,029.76 (-70 points, 0.10%)
✅ Nifty 50 ended at 22,473.10 (-24.80 points, 0.12%)
✅ Infosys and Wipro among top losers, with Infosys falling nearly 6%
✅ Nifty IT index nosedived over 3%, dragging down the broader market
✅ FMCG and banking stocks outperformed, with IndusInd Bank rallying 15% from the day’s low
✅ Foreign Institutional Investors (FIIs) continued selling, offloading over ₹18,810 crore in March
Top Gainers and Losers:
🔼 Gainers: IndusInd Bank, Tata Motors, Kotak Mahindra Bank, HDFC Bank, Bajaj Finance
🔽 Losers: Infosys, Wipro, Tech Mahindra, HCL Technologies, Axis Bank
What’s Driving Market Sentiment?
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🔹 US Recession Fears: Investors remain cautious amid concerns over a potential US recession.
🔹 Trump’s Tariff Policies: US President Donald Trump’s reversal on Canadian steel and aluminum tariffs impacted global markets.
🔹 FIIs Selling Spree: FIIs have been offloading stocks for six consecutive months, impacting sentiment.
🔹 Inflation Data Awaited: India’s Consumer Price Index (CPI) for February will be released later this week, influencing future trends.
The market is expected to remain volatile, with a potential rebound in banking and FMCG stocks. However, tech stocks may continue to face pressure due to global economic concerns.
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