The stock market could not maintain its initial lead due to selling in IT shares amid mixed trend in the global market. By 10:20 am, the 30 -share BSE Sensex was trading at 73,879.71 with a drop of 222.61 points or 0.30%. At the same time, the Nifty-50 was trading at 22,419.85 with a decline of 78.05 or 0.35%.
Stock market opened with gains
Opening Bell: The Indian stock market opened on Wednesday (March 12) amidst mixed trends in the global market and an increase in Airtel and select banking stocks. The 30 -share BSE Sensex opened 168 points to 74,270.81. At the same time, the National Stock Exchange (NSE) Nifty-50-50 points opened at 22,536. The figures of retail inflation (CPI inflation) and January Industrial Production (IIP) of February will be released today. Apart from this, the ongoing uncertainty over the tariff policies of US President Donald Trump and the increasing selling of foreign institutional investors (FIIs) can also affect the market move.
Asian markets boom today
On Wednesday, most Asian markets rose, while Wall Street continued to fluctuate due to concerns about US President Donald Trump’s tariff plans and potential recession. Japan’s Nikkei index remained stable but showed signs of slight decline, while the topics index increased by 0.69%. South Korea’s cospie rose 1.18%, while Australia’s ASX 200 index fell 1.6%.
Selling continues in American markets
Selling in US markets also continued on Tuesday (March 11). The United States of America has further weakened the market and consumer confidence. On Tuesday, Dow Jones declined by about 500 points, causing its total decline to 1,400 points in two days. The S&P 500 declined by 0.8%, while Nasdac performed relatively better and closed down only 0.2%.
How was the market yesterday?
On Tuesday (March 11), the domestic stock market was seen in fluctuating business. The BSE Sensex opened at 73,743.88 and reached a high level of 74,195.17 in day trading. Finally it closed on the red mark with a decline of 12.85 (0.02%). At the same time, the Nifty-50 opened at 22,345.95, which reached a high level of 22,522.10. After this, it finally rose 37.60 points or 0.17% to close at 22,497.90.
