Stock Market Today: Sensex Settles 200 Points Lower, Nifty Below 22,400 Amid Volatility

Indian benchmark indices, Sensex and Nifty ended the day in the red after a volatile session, with the Nifty falling below 22,400 despite positive signals from industrial production and retail inflation data. The market closed the week down by nearly 1 per cent.

The Sensex closed 200.85 points lower, or 0.27 per cent, at 73,828.91, while the Nifty ended down by 73.30 points, or 0.33 per cent, at 22,397.20. Both the BSE Midcap and Smallcap indices fell by 0.7 per cent each.

Shriram Finance, Tata Motors, Hero MotoCorp, IndusInd Bank, and Hindalco Industries were among the top losers on the Nifty, while Bharat Electronics, SBI, ICICI Bank, Cipla, and NTPC were among the gainers.

The indices had opened higher, with the Nifty surpassing 22,500, but mid-session profit booking erased the gains, leaving the key indices to close near their session lows. For the week, both the Nifty and Sensex saw a decline of 0.7 per cent.

The stock markets will remain closed on Friday, March 14, in observance of Holi.

Also Read: Is BSE, NSE Closed On Holi 2025? Check Out The Trading Schedule For March 14

Sectorial Update

On the sectoral front, the auto, IT, metal, media, and realty sectors all saw declines of 0.5-1 per cent each, while the PSU Bank index gained 0.5 per cent.

Expert Comment

Bajaj Broking Research, said, “Benchmark indices ended lower in a volatile session, with the Nifty falling below 22,400, despite positive signals from industrial production and retail inflation data. The index closed the week down by 0.75 per cent. On Friday, markets are closed due to Holi. The Nifty ended at 22,397.20, down by 73.30 points or 0.33 per cent. Both the BSE Midcap and Smallcap indices dropped by 0.7 per cent each. Sectorally, auto, IT, metal, media, and realty stocks saw declines of 0.5-1 per cent, while the PSU Bank index gained 0.5 per cent.”

“Index extended decline and closed lower by 0.3 per cent. It has formed a bear candle which remained enclosed inside previous session high-low range highlighting consolidation with corrective bias. Nifty in the last three sessions is forming base near the 50 per cent retracement level of the previous upward move (21965-22676). Going ahead, index sustaining above 22,200-22,300 level is crucial for continuation of the pullback towards 22,700 & 23,000 levels in the upcoming week. A breach below 22,200 will lead to extension of decline towards key short term support area of 22,000-21,700,” it added.