Shares of IndusInd Bank, Kotak Mahindra Bank, Tata Motors, HDFC Bank and Sun Pharma traded among top gainers of Nifty 50. IT stocks faced significant sell-offs due to US economy growth concerns. Infosys, Wipro, Tech Mahindra and HCL Technology were among which laggards, including Adani Enterprises.
The broader index faced heavy volatility. Sensex depreciated 393.86 pts or 0.53 per cent to 73,708.46 as at 1.02 pm, and Nifty 50 fell 132.55 pts or 0.59 per cent to 22,365.35.
IndusInd Bank stock staged recovery after losing for five consecutive trading sessions. The stock gained 3.78 per cent to ₹680.75 at the time of writing. Kotak Mahindra followed with 2.38 per cent increase to ₹1,981.35.
- Track live updates on IndusInd here
Auto major Tata Motors rose 1.78 per cent to ₹659.6 following remarks on JLR’s profit margin.
HDFC Bank gained 1.56 per cent to ₹1,711.85 and Sun Pharma rose 1.02 per cent to ₹1,672.15.
On the flip side were tech majors such as Infosys losing 5.70 per cent to ₹1,566.95. Wipro followed with 5.04 per cent decline to ₹263.75.
Tech Mahindra stock fell 4.50 per cent to ₹,412.7.
Adani Enterprises declined 2.95 per cent to ₹2,184.1 and HCL Tech dropped 2.75 per cent to ₹1,524.7.
In addition, Bharti Airtel shares which gained in early trade following SpaceX deal, slipped 0.79 per cent to ₹1,649.80.
Among the Sensex pack, SEPC shares rallied 17.38 per cent. Redtape followed with 9.07 per cent gain. Ramco Cements and PB Fintech declined 7 per cent.
- Also read: Stock Market Live Updates 12 March 2025: Sensex, Nifty extend losses; IndusInd rebounds over 3%, tech stocks slide
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Published on March 12, 2025
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