Frontline indices- the Sensex and the Nifty 50- closed within the crimson on Wednesday, March 12, on losses led by IT heavyweights, together with Infosys, TCS and HCL Tech.
The Sensex closed 73 factors, or 0.10 per cent, decrease at 74,029.76, whereas the Nifty 50 closed at 22,470.50, down 27 factors, or 0.12 per cent.
The mid and small-cap segments underperformed the benchmarks. The BSE Midcap slipped 0.57 per cent, whereas the Smallcap index ended 0.48 per cent decrease.
The general market capitalisation of BSE-listed corporations dropped under ₹393 lakh crore from over ₹394 lakh crore within the earlier session, making traders lose greater than a lakh crore in a single session.
Inventory market right now: 10 key highlights
Listed here are 10 key highlights of the Indian inventory market right now:
1. What drove the Indian inventory market down right now?
The market is struggling to shrug off the persisting considerations of US President Donald Trump’s tariff insurance policies and their impression on the worldwide economic system. International capital outflow, considerations over financial progress dropping momentum and rupee’s depreciation have saved the market below strain.
“Persistent uncertainties surrounding international commerce and the concern of a US recession proceed to affect the home market’s momentum,” mentioned Vinod Nair, Head of Analysis at Geojit Monetary Companies.
“Regardless of the stabilisation in valuation to the five-year common and indicators of enchancment in city and rural demand, investor danger urge for food stays subdued. At this time’s key concern is whether or not the continued correction occurring within the US market can spill over to the worldwide market,” mentioned Nair.
Extra to come back…
