The Indian stock market wrapped up the last trading session of the week on a weak note, as both the Sensex and Nifty closed in the red. After opening on a positive note, indices lost momentum in the latter half of the session, weighed down by selling pressure across sectors. The Sensex ended at 73,828.91, down 0.27%, while the Nifty settled at 22,397.20, declining 0.33%.
“Shortened trading week and sell-off in the US short market are providing a hiccup to the global market. However, India is withstanding with resilience and healthy outperformance, by a narrow negative trend. Even concerns that the US may have to bear a recession are not impacting the Indian market due to signs of recovery in fundamentals led by moderation in inflation, future rate cuts, and improvement in the economy in FY26 led by government spending and improvement in consumer income,” said Vinod Nair, Head of Research, Geojit Financial Services.
Major gainers and losers
The top gainers from the Nifty 50 included Bharat Electronics, SBI, ICICI Bank, Cipla, and PowerGrid, which ended with modest gains.
On the losing side, Shriram Finance, Tata Motors, and Hero MotoCorp led the decline, each slipping by around 2%. IndusInd Bank, and Hindalco were also among the top laggards of the day.
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Sectorally, it was a tough day as most indices ended in negative territory. The BSE Midcap and Smallcap indices mirrored the broader market sentiment, falling by 0.77% and 0.62%, respectively.
On the Nifty, majority of the sectoral indices closed in the red, except for Nifty Bank and Nifty PSU Bank, which managed to stay afloat amid the downturn. Heavy selling pressure was seen in auto, metal, and media, dragging the market lower.
Stock Market holiday alert: No trading on March 14
Investors should note that the Indian stock market will remain closed on March 14, in observance of the Holi festival. Trading activities across BSE and NSE will be suspended in the Equity, Equity Derivative, and SLB Segments. The Currency Derivatives Segment will also remain shut for the day.
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