The Indian stock market experienced a downturn on March 10, 2025, with the Sensex dropping by 217.41 points and the Nifty declining by 92.2 points. Power Grid Corporation of India, Hindustan Unilever, and Infosys were among the top gainers, while Oil & Natural Gas Corporation, Trent, and IndusInd Bank faced significant losses.
The Indian stock market witnessed a downturn on March 10, 2025, with major indices closing in the red. The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) reported losses, as the Sensex fell by 217.41 points (-0.29%) to settle at 74,332.58, while the Nifty dropped 92.2 points (-0.41%) to close at 22,552.5.
Power Grid Corporation of India, a state-owned power transmission company, led the gains with a 3.04% rise. Hindustan Unilever, one of India’s largest consumer goods companies, and Infosys, a global IT services firm, also ended higher. On the losing side, Oil & Natural Gas Corporation (ONGC), India’s largest oil exploration company, saw a sharp decline of 4.17%, followed by Trent, a retail giant under the Tata Group, which dropped 4%.
Market Performance Overview
The Nifty index fluctuated between a high of 22,676.75 and a low of 22,429.05, while the Sensex traded within the range of 74,741.25 to 74,022.24 before closing lower. The Nifty Midcap 50 declined by 1.53%, while the Nifty Small Cap 100 fell by 1.97%.
Nifty 50: Top Gainers and Losers
- Top Gainers: Power Grid Corporation of India (+3.04%), Hindustan Unilever (+1.96%), Infosys (+0.92%), SBI Life Insurance (+0.56%), Nestle India (+0.44%).
- Top Losers: ONGC (-4.17%), Trent (-4.00%), IndusInd Bank (-3.87%), Bajaj Auto (-2.53%), Eicher Motors (-2.16%).
Sensex: Top Gainers and Losers
- Top Gainers: Power Grid Corporation of India (+3.12%), Hindustan Unilever (+1.99%), Infosys (+1.01%), Nestle India (+0.66%), Asian Paints (+0.45%).
- Top Losers: IndusInd Bank (-3.86%), Larsen & Toubro (-2.10%), Titan Company (-1.83%), Wipro (-1.35%), Mahindra & Mahindra (-0.97%).
Midcap and Smallcap Performance
- Midcap Gainers: PB Fintech, P I Industries, SBI Cards & Payment Services, Indus Towers, Muthoot Finance.
- Midcap Losers: Dixon Technologies, CG Power & Industrial Solutions, KPIT Technologies, Vodafone Idea, Steel Authority of India.
- Smallcap Gainers: Dr. Lal Pathlabs, Zee Entertainment Enterprises, Aavas Financiers, Amber Enterprises India, Aster DM Healthcare.
- Smallcap Losers: 360 One Wam, Triveni Turbines, Apar Industries, Titagarh Rail Systems, Birlasoft.
Bank Nifty Performance
The Bank Nifty closed at 48,497.5 after trading between 48,599.15 and 48,124.65. Over the last year, Bank Nifty has shown a return of 9.86%.
Broader Market Impact
The downturn in the market was driven by volatility in global economic trends, crude oil price fluctuations, and cautious investor sentiment. Analysts expect the market to remain range-bound with a focus on upcoming economic data releases and global market trends.
Despite the overall market decline, certain stocks like Power Grid Corporation of India and Hindustan Unilever provided some support. However, heavy losses in ONGC and Trent weighed on the indices. Investors are advised to remain cautious and track global cues for future market movements.
The Indian stock market’s performance on March 10, 2025, highlights the need for strategic investments amid changing economic conditions.
