Taking Stock: Nifty hits 11-month low, ends below 23,900; Sensex declines 1,342 pts

Market Today

• Sensex fell 1,342 points, Nifty dropped 394 points on March 11
• Auto, FMCG, IT, and banks declined up to 3 percent
• Nearly 180 stocks hit 52-week lows during the session

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After a strong rebound in the previous session, the market once again came under pressure on March 11, with the Nifty 50 falling below 23,850, intraday, amid selling across the sectors

Amid mixed global cues, the market opened on a weak note and extended losses as the session progressed, dragging the benchmark indices to their lowest levels in 11 months.

At close, the Sensex was down 1,342.27 points or 1.72 percent at 76,863.71, and the Nifty was down 394.75 points or 1.63 percent at 23,866.85.

Broader indices outperformed the main indices with Nifty Midcap index falling 1.2%, while smallcap index declines 0.36%.

Also Read - Sensex, Nifty resume downtrend after a day's breather, fall over 1%: Where does next support lie? Check what analysts say

On the sectoral front, auto, FMCG, PSU Bank, Consumer Durables, Private Bank, Capital Goods, IT, realty shed between 1-3%, while oil & gas, pharma indices ended with marginal gains.

Biggest Nifty losers were Bajaj Finance, Axis Bank, Bajaj Finserv, Eicher Motors and M&M, while gainers were NTPC, Jio Financial, Coal India, Sun Pharma, Dr Reddy's Labs.

Also Read - Merchant bankers begin NSE IPO pitches; legal advisor likely to be finalised this week

Index	Prices	Change	Change%
Sensex	75,273.45	1,205.00	+1.63%
Nifty 50	23,306.45	394.05	+1.72%
Nifty Bank	53,708.10	1,102.45	+2.10%

Nifty 50 23,306.45 394.05 (1.72%)

Wed, Mar 25, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Shriram Finance	956.00	52.40	+5.80%

Biggest Loser	Prices	Change	Change%
Tech Mahindra	1,408.50	-24.20	-1.69%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	8581.05	223.50	+2.67%

Worst Sector	Prices	Change	Change%
Nifty IT	29671.30	22.40	+0.08%

In stock specific, TVS Supply Chain Solutions shares added 2.5% on setting up 40,000 sq ft warehouse facility at FTWZ in Mannur, HG Infra Engineering shares rose nearly 6% on bagging order worth Rs 401.33 crore, Waaree Renewable Technologies shar price added 2.5% on signing EPC contract for 300 MW solar PV plant.

Nearly 180 stocks touched their 52-week low, including Aegis Logistics, Hexaware Technologies, Coforge, IRCTC, KPR Mills, Godrej Industries, Emami, Five-Star Business, Jubilant Food, TCS, Tata Technologies, Kotak Mahindra Bank, Jyothy Labs, Relaxo Footwear, JK Lakshmi Cement among others. Click to View More

Outlook for March 12

Rupak De, Senior Technical Analyst at LKP Securities

Bears remained at the helm and, as expected, they emerged around the 24,300 level, leading to a sharp fall during the day. On the lower end, the index slipped further and briefly pierced the 24,000 mark.

The ongoing rise in crude oil prices and the choking supply of natural gas sent shockwaves through the Indian equity market. An already weak technical chart extended its weakness, as the positive gap between the 50DMA and 200DMA appears to be narrowing, heightening the risk of a death cross. A death cross occurs when the 50DMA cuts the 200DMA from above. If this happens, further rounds of selling pressure could emerge, potentially pushing the Nifty significantly lower.

Supports are placed at 23,700 and 23,300, while on the higher end, resistance is placed at 24,100.

Abhinav Tiwari Research Analyst at Bonanza

Today, the Indian stock markets ended lower, breaking their recent recovery as global tensions, high crude oil prices and continued foreign investor selling weighed on sentiment. Even though there was positive news around Reliance’s proposed refinery investment in the US, it was not enough to support the broader market.

The Sensex fell about 1,342 points, while the Nifty dropped nearly 395 points from the previous close.

Most sectors traded in the red. Auto and private bank stocks led the decline, while pharma and a few defensive sectors managed to remain positive. A major factor affecting sentiment was continued selling by FIIs. In the first week of March alone, FIIs sold more than Rs 21,000 crore worth of Indian equities, which has created persistent pressure on the market.

The ongoing conflict between the US and Iran kept global markets nervous. Reports of strikes near the Strait of Hormuz, an important global oil shipping route, increased fears of supply disruptions.

Global attention remained on Donald Trump’s announcement of a USD 300 billion refinery project in Texas, where Reliance is expected to be a key partner. While Reliance shares stayed firm after the news, the gains in a few large stocks could not offset the broad market weakness.

In the near term, Indian markets are likely to remain volatile and largely driven by global headlines, especially developments in the Middle East and movements in crude oil prices. However, India’s long term growth story supported by strong government spending on infrastructure and manufacturing remains intact.

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