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Stock Market Update: Sensex, Nifty End Flat Amid IT Stock Slump; Infosys, Wipro Major Losers

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:

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🔼 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.

Tags:

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

Mahendra Mohan

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