Mumbai: The BSE Sensex jumped 289.83 points to 74,392.15 in the morning trade on 12th March, 2025, Wednesday. The Nifty also went up 79.5 points to 22,577.40. The equity benchmark indices climbed in early trade but soon pared all the gains and turned flat due to highly volatile global trends amid uncertainties over trade tariff.
From the Sensex pack, laggards included, Asian Paints, Zomato, Hindustan Unilever, Tata Consultancy Services, Axis Bank, Infosys, HCL Technologies, Tech Mahindra, Nestle India, and Bajaj Finance. Gainers included, NTPC, Kotak Mahindra Bank, Sun Pharma, IndusInd Bank, Tata Motors, Adani Ports, HDFC Bank, and Mahindra & Mahindra.
“Globally, the markets are weak and jittery on concerns arising from the tariff policy uncertainties. This is likely to linger and may even get worse as reciprocal tariffs kick in from early April. In this scenario there is no scope for a sustained recovery in global markets. In fact further downtrend is likely,” V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
Seoul and Tokyo traded in the positive territory, while Hong Kong and Shanghai were trading lower. The Wall Street closed lower in the overnight deals on Tuesday. Global oil benchmark Brent Crude increased 0.65 per cent to USD 70.01 a barrel.
“Since President Donald Trump’s return as the 47th president of the United States, global stock markets have been volatile, with US stocks facing their worst start to a presidential term since 2009,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,823.76 crore, while Domestic Institutional Investors (DIIs) purchased equities worth Rs 2,001.79 crore on March 11, 2025.
The 30-share BSE Sensex on Tuesday closed 12.85 points down at 74,102.32. The broader Nifty of NSE gained 37.60 points to end at 22,497.90.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)
Stock Market Today: The equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday but soon turned flat due to highly volatile global trends amid uncertainties over trade tariff. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
