Sensex Drops 200 Points, Nifty Below 22,400 as IT Stocks Drag

Updated: March 14, 2025 09:46

Image Source: SAMCO

The Indian stock market closed lower on Thursday, March 13, 2025:

BSE Sensex ended at 73,828.91, down 200.85 points (-0.27%)

Nifty 50 closed at 22,397.20, down 73.30 points (-0.33%)

Nifty Bank index closed at 48,060.40, a slight gain of 0.01% (up 3.75 points)

Top 5 Nifty Gainers:

Bharat Electronics: +1.18%

State Bank of India: +0.68%

Cipla: +0.40%

ICICI Bank: +0.38%

Power Grid: +0.36%

Top 5 Nifty Losers:

Shriram Finance: -2.66%

Hero MotoCorp: -2.26%

Tata Motors: -2.04%

HDFC Life: -1.80%

IndusInd Bank: -1.76%

Except for PSU Bank and Nifty Bank all major sectoral indices registered a fall in the stock markets on March 13, 2025.

The Nifty IT index that tumbled nearly 0.52%, reached its lowest level since July 2024.

FII and DII Trading Activity for March 13, 2025 in Cash market:

FIIs : Net Sell of ₹792.90 crore

DIIs : Net Buy of ₹1723.82 crore

Notable Stock-specific Movements:

Bharat Electronics: Gained 1.18% after securing a ₹2,463 crore contract to supply Ashwini Radars to the Indian Air Force.

Adani Green: Rallied 3% following positive analyst recommendations, with Macquarie suggesting a 40% upside in the stock.

MTNL: Surged 11% after the government reported earnings of ₹12,984.86 crore from asset monetization since 2019.

PB Fintech: Fell nearly 7% leading to a big fall for the second straight session, impacted by its proposal to infuse ₹696 crore in its healthcare arm.

Coromandel International: Gained 2% after acquiring a 53% stake in NACL Industries for ₹820 crore.

HDFC Life: Declined nearly 2% following disclosure of a data theft incident.

Gensol Engineering: Continued to trade at the lower circuit of 5% throughout the day, planning a fundraise of ₹600 crore.

The market sentiment remained cautious, influenced by global factors such as U.S. trade tensions and concerns over potential economic slowdown. Investors are closely watching upcoming macroeconomic data and corporate earnings reports for further direction.

Source: Moneycontrol, Cnbctv18, bajajbroking

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