A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai. File
| Photo Credit: Reuters
Equity benchmark indices Sensex and Nifty slumped in early trade on Tuesday (March 11, 2025) amid weak trends in the U.S. markets and heavy selling in blue-chip stock Infosys.
The 30-share BSE Sensex plunged 346.23 points or 0.47% to 73,768.94 in the morning trade. The Nifty of NSE declined 124.80 points or 0.56% to 22,335.50.
From the 30 Sensex companies, IndusInd, Infosys, Mahindra & Mahindra, Zomato, Bajaj Finserv, UltraTech Cement, Tech Mahindra, Adani Ports, Tata Steel, Kotak Mahindra Bank and HDFC Bank were among the major laggards.
On the other hand, Sun Pharmaceuticals, ICICI Bank, Nestle India, Bharti Airtel, NTPC and Titan were the gainers.
“President Trump’s flip-flop tariff policy and the high uncertainty that it has triggered has started impacting U.S. stock markets, S&P 500 & Nasdaq declining by 2.6% and 4%, respectively, on Monday (March 10) is the market’s response to Trump’s tariffs and the possibility of U.S. recession by the year end,” V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
In Asian markets, Tokyo, Shanghai, Hong Kong and Seoul were trading in the negative zone.
U.S. markets plunged to 4% in overnight deals on Monday (March 10).
According to HDFC Securities’ Head of Prime Research Devarsh Vakil, U.S. stocks tumbled on Monday (March 10) amid ongoing tariff conflicts and growing concerns about a potential federal government shutdown, fuelling worries that the U.S. economy might be heading toward a recession.
Also, a weaker consumer sentiment, slower consumer spending, and tariff risks continue to weigh on the growth outlook, Vakil said.
Global oil benchmark Brent crude traded flat at $69.28 a barrel.
Meanwhile, Foreign Institutional Investors (FIIs) offloaded equities worth ₹485.41 crore, while Domestic Institutional Investors (DIIs) picked up equities worth ₹263.51 crore on Monday (March 10), according to exchange data.
On Monday (March 10), the 30-share BSE Sensex declined 217.41 points to settle at 74,115.17. The Nifty of NSE declined by 92.20 points to close at 22,460.30.
Published – March 11, 2025 11:24 am IST
