Stock Market Wrap Sensex and Nifty Ends Lower Amid Weak Global Cues

Mumbai, March 10: The benchmark domestic equity indices reversed initial gains to close in negative territory today, tracking weak global market trends. The BSE Sensex slipped 217 points, or 0.3%, settling at 74,115, while the NSE Nifty-50 lost 92 points, or 0.41%, to close at 22,460.

Broader Market Performance

The broader market indices at the BSE witnessed deeper losses. The Mid-Cap index fell by over 1.4%, while the Small-Cap index declined 2.1%.

Top Gainers and Losers on Sensex

Out of 30 Sensex stocks, 22 ended in red.
Major Losers:

• IndusInd Bank: -3.8%
• Zomato: -2.5%
• Larsen & Toubro: -2.1%

Top Gainers:

• PowerGrid: +3.1%
• Hindustan Unilever: +2.0%
• Infosys: +1.1%

Sectoral Performance

A broad selloff was witnessed across sectors, with 19 out of 21 BSE sectoral indices closing in the red.
Top Losing Sectors:

• Industrials: -2.3%
• Oil & Gas: -2.1%
• Capital Goods & Consumer Durables: -2.0%

Gaining Sectors:

• Utilities: +0.5%
• FMCG: +0.11%

Market Breadth and 52-Week Highs/Lows

The overall market sentiment remained weak:

• Declining stocks at BSE: 2,877
• Advancing stocks: 1,203
• Unchanged stocks: 149

At the National Stock Exchange (NSE),

• 15 stocks hit a 52-week high
• 90 stocks hit a 52-week low

Market Outlook

Weak global cues and profit-booking dragged Indian markets lower. Analysts suggest that investor sentiment remains cautious due to volatility in global markets and concerns over high valuations in certain segments.