Sensex, Nifty end moderately lower on selling in IT, telecom stocks

From the Sensex pack, Infosys, Tech Mahindra, Nestle India, Tata Consultancy Services, HCL Technologies, Asian Paints, Axis Bank, Zomato, Hindustan Unilever, and Bharti Airtel were among the laggards.
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty closed moderately lower on Wednesday (March 12, 2025) owing to heavy selling pressure in IT, telecom and realty stocks amid growing concerns over a possible global economic slowdown.

The 30-share BSE Sensex fell 72.56 points or 0.10% to close at 74,029.76. During the session, it tumbled 504.16 points or 0.68% to touch a low of 73,598.16. Similarly, the NSE Nifty slipped 27.40 points or 0.12% to end at 22,470.50. In the session, it fell 168.35 points or 0.74% to hit an intraday low of 22,329.55.

From the Sensex pack, Infosys, Tech Mahindra, Nestle India, Tata Consultancy Services, HCL Technologies, Asian Paints, Axis Bank, Zomato, Hindustan Unilever, and Bharti Airtel were among the laggards.

On the other hand, IndusInd Bank, Tata Motors, Kotak Mahindra Bank, Bajaj Finance, HDFC Bank, ITC, Sun Pharma, Bajaj Finserv and UltraTech Cement were the gainers. The BSE Smallcap gauge fell 0.48%, while the midcap index slipped 0.57%.

Among the BSE sectoral indices, focussed IT, IT, tech, realty, telecommunication, metal, capital goods, services and Industrial were among the major laggards.

In contrast, Energy, FMCG, financial services, Healthcare, Utilities, Auto, Bankex, Consumer Durables, Oil & Gas and Power were the gainers. In Asian markets, Tokyo, Seoul, Shanghai and Hong Kong ended on a mixed note.

European markets were trading higher in the mid-session deals on Wednesday (March 12, 2025.) Wall Street ended in the negative zone on Tuesday (March 11, 2025). Global benchmark Brent crude oil went up 0.34% to $69.80 a barrel.

Foreign Institutional Investors (FIIs) sold equities worth ₹2,823.76 crore, while Domestic Institutional Investors (DIIs) purchased equities worth ₹2,001.79 crore on Tuesday (March 11, 2025), according to the exchange data.

The 30-share BSE Sensex on Tuesday (March 11, 2025) settled down by 12.85 points at 74,102.32. The broader Nifty of NSE advanced 37.60 points to close at 22,497.90.