The Indian stock market welcomed investors with a mixed bag today, as the BSE Sensex and Nifty50 indices experienced a seesaw ride through the day. The benchmark Sensex, which had started strong, lost steam towards the end, finally settling 201 points lower, while the Nifty50 dipped below 22,400.
For the fifth consecutive session, the Sensex fell, closing in the red. The broad-based portfolio across various sectors, including IT, pharma, and banking, failed to lift the indices. “The mixed cues from global markets and a profit-taking phase may have led to the selling pressure today,” says aviation industry expert, Dhruv Saxena. “The market participants are bench marking their profits after a stellar run, which has led to a short-term correction.”
Among the market movers, Shriram Finance and Paytm were among the top laggards, with the former losing 4.63% and the latter shedding 3.13%. On the other hand, IT majors TCS, Infosys, and HCL Technologies saw some traction, bouncing back from yesterday’s slump. The sector witnessed a respite, as the likes of TCS and Infosys rose 1.21% and 1.15%, respectively, while HCL Technologies gained 0.84%.
The day’s trade saw massive volumes, with exchange-traded funds (ETFs) picking up pace, indicating retail investors actively participated in the market. “The retail investors are booking profits, and it’s essential to stick to your long-term investment strategy, playing the trend,” advises Stuti Agrawal, a markets analyst. As the seesaw game played out, the market sensed an opportunity, providing savvy investors with chances to diversify their portfolios. With the global trends and US market performance under scrutiny, market participants remain cautious, mirroring the global sentiment.
global market sentiment. With the Nifty50 settling below 22,400, the market expects a slight respite from the intense trends seen in recent times. The energy and capital goods sectors seem to be gainers, while the FMCG and auto sectors took a hit. As the financial markets continue to evolve, investors watch keenly, weighing the pros and cons of their investment strategies.
Original Source: https://www.financialexpress.com/market/bse-sensex-nifty-50-stock-market-today-live-updates-13-march-2025-3776247/
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Publish Date: 2025-03-13 15:32:00
