Stock Market Highlights: Sensex, Nifty overcome US recession scare, end flat; IndusInd Bank dips 27%
Stock Market Highlights: The Sensex recovered 500 pts from the day's low to end flat at 74,102; Nifty settled at 22,498. ICICI Bank, Bharti Airtel and Reliance Industries led the recovery on Tuesday.
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The BSE Sensex gained over 500 points from the day's low on Tuesday led by gains in Bharti Airtel, ICICI Bank and Reliance.
Stock Market LIVE Updates, Tuesday, March 11, 2025: Benchmark equity indices set aside global market jitters and staged a recovery on Tuesday aided by gains in Reliance Industries, ICICI Bank and Bharti Airtel. Global markets traded on a negative note amid fears of potential US recession risk. The BSE Sensex started the day with a negative gap of 371 points, and soon hit the day's low at 73,664. Thereafter, slowly and steadily buying interest emerged and the Sensex clawed its way back into the positive to touch a high of 74,187. The Sensex finally ended at 74,102 - down 13 points. The NSE Nifty 50 index moved in a range of little over 200 points, from a low of 22,315, the index jumped to a high of 22,522, and eventually settled with a gain of 38 points at 22,498. Among individual Sensex stocks - IndusInd Bank crashed 27 per cent after the private banking lender said that an internal review of its derivative portfolio revealed discrepancies, for which the bank estimated Rs 1,577 crore or approximately 2.35 per cent hit on its net worth. That apart, Infosys, Bajaj Finserv, Mahindra & Mahindra, Zomato, Hindustan Unilever, Power Grid Corporation and Axis Bank declined in the range of 1 - 2 per cent. On the other hand, Sun Pharma and ICICI Bank gained around 2.5 per cent each. Bharti Airtel, HCL Technologies, Maruti Suzuki, Titan, Larsen & Toubro and Reliance Industries were the other prominent gainers. In the broader market, the BSE MidCap index advanced 0.7 per cent, while the SmallCap slipped 0.7 per cent. The overall breadth was in favour of the bears, with 2,469 stocks declining versus 1,499 advancing shares on the BSE. Meanwhile, Morgan Stanley in its latest report on Indian equity markets said, they expect the Sensex to hit the 105,000 mark by December 2025 as their bull-case scenario for the index, and around 93,000 in the base case scenario. READ REPORT
3:45 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: Despite significant selloffs in the U.S. and other Asian markets driven by concerns over an economic slowdown caused by the ongoing trade war, the domestic market is showing signs of a gradual recovery. Its relatively lower volatility can be attributed to a moderation in valuations following recent corrections, along with supportive factors such as falling crude oil prices, an easing Dollar Index, and expectations of a rebound in domestic earnings.
These elements are expected to contribute to stability amid prevailing trade uncertainties. Meanwhile, attention remains on the upcoming retail inflation data, which could provide insights into potential interest rate cuts.
View by Vinod Nair, head of research, Geojit Financial Services.
These elements are expected to contribute to stability amid prevailing trade uncertainties. Meanwhile, attention remains on the upcoming retail inflation data, which could provide insights into potential interest rate cuts.
View by Vinod Nair, head of research, Geojit Financial Services.
3:44 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: The Nifty started the day with a gap down, following weak global cues. However, during the day, the sentiment remained positive. Overall, the sentiment remains positive for the very short term, supported by strong momentum in the RSI indicator and the index closing above the 50 EMA on the hourly timeframe. In the very short term to short term, the index might continue its strength with the potential to reach 22,660–22,700. Above 22,700, the Nifty might move towards 23,000. On the lower end, support is placed at 22,400 on a sustained basis.
View by Rupak De, senior technical analyst, LKP Securities.
View by Rupak De, senior technical analyst, LKP Securities.
3:42 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: BSE Midcap was up 0.72 per cent at close and Smallcap was down 0.70 per cent.
3:40 PM
Stock Market LIVE Updates: Here's a look at Nifty gainers and losers at close
Stock Market LIVE Updates: IndusInd Bank, Bajaj Finserv, Infosys were among the top laggards on Nifty50.
3:39 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close
Stock Market LIVE Updates: IndusInd Bank, Infosys, Bajaj Finserv were among the top losers on Sensex.
3:36 PM
Stock Market LIVE Updates: Nifty50 closes at 22,497.9, up 37.6 pts
Stock Market LIVE Updates: NSE Nifty50 finishes 22,497.9, up 37.6 points or 0.17 per cent. The index made an intraday high at 22,522.10 and low at 22,314.7.
3:34 PM
Stock Market LIVE Updates: Sensex closes 13 pts lower at 74,102.32
Stock Market LIVE Updates: BSE Sensex was down 12.85 points or 0.02 per cent at 74,102.32. The index made an intraday high at 74,195.17 and low at 73,663.60.
3:25 PM
Stock Market LIVE Updates: Sapphire Foods slips 9%; management expects sales, margins woes to persist
Stock Market LIVE Updates: Shares of Sapphire Foods India slipped 9 per cent to Rs 297.50 on the BSE in Tuesday’s intra-day trade as the company's management expects near-term average daily sales (ADS) pressure and weak margins for two more quarters, impacting performance. However, long-term quick-service restaurant (QSR) drivers remain strong, with KFC and Pizza Hut as key verticals. Read more
3:17 PM
Stock Market LIVE Updates: LIC, ICICI Pru, SBI MF: Top mutual funds who own IndusInd Bank stock
Stock Market LIVE Updates: IndusInd Bank stock witnessed the sharpest one-day drop in its history, tumbling over 25 per cent in intraday deals on Tuesday, a day after the bank reported discrepancies in its derivative portfolio.
Among the key public investors that held over 1 per cent stake in the bank as on December 2024 included Life Insurance Corporation of India (LIC), ICICI Prudential India Opportunities Fund, SBI Nifty 50 ETF, Government of Singapore, UTI Large Cap Fund and Nippon Life India Trustee Ltd-A/C Nippon India Arbitrage Fund, data from ACE Equity suggests. Read more
3:09 PM
Stock Market LIVE Updates: Zydus Life to buy 85% stake in Amplitude Surgical; stock up 1%
Stock Market LIVE Updates: Zydus Lifesciences on Tuesday said it has entered into exclusive negotiations to acquire a majority stake in France-based Amplitude Surgical for 256.8 million euros.
The company has entered into negotiations with PAI Partners, Amplitude Surgical's management, as well as two minority shareholders to acquire 85.6 per cent of the company's share capital, the Ahmedabad-based drug maker said in a regulatory filing. READ MORE
On the BSE, the stock was up nearly 1 per cent at Rs 901 on trades of around 28,000 shares.
The company has entered into negotiations with PAI Partners, Amplitude Surgical's management, as well as two minority shareholders to acquire 85.6 per cent of the company's share capital, the Ahmedabad-based drug maker said in a regulatory filing. READ MORE
On the BSE, the stock was up nearly 1 per cent at Rs 901 on trades of around 28,000 shares.
Topics : Stock Market Recession MARKET WRAP MARKET LIVE MARKETS LIVE Markets Markets Sensex Nifty MARKETS TODAY BSE Sensex NSE Nifty BSE NSE stock market trading share market Indian equity markets Indian stock markets Nifty50 Gift Nifty Global Markets global markets sell-off IndusInd Bank FIIs Trump tariffs US tariff
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First Published: Mar 11 2025 | 8:00 AM IST