Sensex dips as Nifty50 gains led by ICICI Bank, Reliance

The Indian equity benchmarks ended Tuesday’s session on a mixed note. The 30-share SENSEX fell for the third day in a row, while the NIFTY50 index finished higher. Gains in ICICI Bank, Bharti Airtel, Reliance Industries, and Sun Pharma were offset by losses from IndusInd Bank, Infosys, Mahindra & Mahindra, and Axis Bank.

NSE-listed market cap stands strong at 139% of GDP, with Nifty 50’s share rising to 44.5%. 
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— NSE India (@NSEIndia) March 11, 2025

On Tuesday, the SENSEX moved in a band of 531 points, while the NIFTY50 index touched an intraday high of 22,522.10 and a low of 22,314.70. As many as 33 shares in the NIFTY50 basket ended higher, while 17 closed lower. Trent emerged as the top NIFTY50 gainer, advancing 4.13% to close at ₹4,998. Other gainers included Bharat Petroleum (3.02%), Sun Pharma (2.82%), Bharat Electronics (2.49%), ICICI Bank (2.41%), and Shriram Finance (2.16%).

Despite a revenue dip, profitability bounced back—Nifty 50 and Nifty 500 hit their highest PAT growth in multiple quarters! Earnings resilience continues as operating profits rise.
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— NSE India (@NSEIndia) March 10, 2025

On the losing end, IndusInd Bank plunged 27.06%, ending at ₹656.80 apiece following a statement from the bank that awaited the final report from an external agency. A total of 4,091 stocks were traded on the BSE on Tuesday. Of these, 1,469 stocks advanced, 2,501 declined, and 121 remained unchanged. Sixty stocks hit their 52-week highs, while 233 stocks touched their one-year lows. Additionally, 183 stocks hit their upper circuit limits, and 281 touched their lower circuit bands.

Sensex prediction for tomorrow, 12 March: 'Short-term outlook remains…' – Support and resistance levelshttps://t.co/TQxzeZ8CCt

— ET NOW (@ETNOWlive) March 11, 2025

 

Mixed market as Sensex dips

The India VIX, a volatility gauge, stood at 14.02, rising 0.62%. The broader markets ended on a mixed note. The Nifty Midcap 100 index rose 0.67%, while the Nifty Smallcap 100 index fell 0.80%. Seven of the 13 primary sector gauges compiled by the National Stock Exchange ended higher, led by the NIFTY Realty index’s 3.63% gain. The NIFTY Metal, Pharma, Financial Services, Oil & Gas, and Consumer Durables indices also ended higher in the 0.5-1% range. On the downside, the NIFTY Bank Private Bank index fell 1.38%, dragged down by IndusInd Bank. Other sectors, including NIFTY Bank, Nifty Auto, FMCG, IT, and Media indices, declined between 0.1 to 0.75%. IndusInd Bank stated, “A final report of the external agency is awaited, based on which the bank will appropriately consider any resultant impact in its financial statements.” Bharat Electronics announced major orders involving RF seekers, vessel and air traffic management systems, and other upgrades. The stock ended 2.49% higher at ₹277.58. In the US, the Nasdaq Composite dropped 727.90 points, or 4.00%, to 17,468.32. This downturn also impacted IT stocks in India, contributing to a decline in Indian IT shares. Overall, the Indian stock market had a mixed day, with several sectors and individual stocks showing resilience despite broader volatility. Image Credits: Photo by Patrick Weissenberger on Unsplash