Stock Market Update: Sensex, Nifty End Flat Amid IT Stock Slump; Infosys, Wipro Major Losers
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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✅ 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
🔼 Gainers: IndusInd Bank, Tata Motors, Kotak Mahindra Bank, HDFC Bank, Bajaj Finance
🔽 Losers: Infosys, Wipro, Tech Mahindra, HCL Technologies, Axis Bank
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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.
Stock Market, Sensex, Nifty 50, Infosys Share Price, Wipro Stock, Nifty IT Index, Market Updates, FIIs Selling, IndusInd Bank, Trump Tariffs, Inflation Data, Stock Market News, Trading Updates
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