Stock Market Today March 12: The Indian stock market is in turmoil due to the escalating conflict in the Middle East. Today’s trading session opened in the red. At 9:19 am, the Sensex was down 963 points, or 1.25 percent, at 75,899, and the Nifty was down 303 points, or 1.27 percent, at 23,563. At the time of writing, the Sensex had fallen by more than 900 points, and the Nifty had also taken a deep dive. Nearly all indices were in the red in early trading. Auto, consumer durables, media, realty, metals, PSU banks, defence, and manufacturing were under the most pressure.
Stock Market Today March 12
Along with large-caps, mid-caps and small-caps are also seeing declines. The Nifty Midcap 100 index was down 1,070 points, or 1.90 percent, at 55,390, and the Nifty Smallcap 100 index was down 286 points, or 1.75 percent, at 16,127.
Top Losers Today
Eternal, Indigo, M&M, Tata Steel, Trent, ICICI Bank, Titan, L&T, Maruti Suzuki, Bajaj Finance, UltraTech Cement, SBI, Kotak Mahindra Bank, Bajaj Finserv, Axis Bank, BEL, ITC, Infosys, and HDFC Bank were among the losers in the Sensex pack. Tech Mahindra and HCL Tech were among the gainers.
Stock Market Updates
The National Stock Exchange’s sectoral indices witnessed widespread selling pressure during early trade. Nifty Auto, Public Sector Bank, and Nifty Realty were the biggest losers, with all three sectors falling more than 2 percent in early trade. Other sectors also declined. Nifty FMC fell 1.4 percent, Nifty IT fell 0.43 percent, and Nifty Pharma fell 0.98 percent.
Asian Market Crash Today: Sharp Fall in Asian Markets
Asian markets witnessed heavy selling pressure. Japan’s Nikkei 225 index fell 2 percent to 53,832, Singapore’s Straits Times Index fell 0.80 percent to 4,825, and Hong Kong’s Hang Seng Index fell 1.49 percent to 25,508. Markets in Tokyo, Shanghai, Hong Kong, Seoul, Bangkok, and Jakarta opened in the red. The Dow, the main US market index, had closed in the red on Wednesday.
Stock Market Crash Today
The market decline is due to rising tensions in the Middle East. Oil tankers are now being targeted in the conflict between the US, Israel, and Iran, which has further escalated the situation. This is causing a sharp rise in crude oil prices. At the time of writing, Brent crude was trading 9.31 percent higher at $100.54 per barrel, and WTI crude was also trading nearly 9 percent higher at $95.14 per barrel. Meanwhile, foreign institutional investors (FIIs) continued their selling spree, selling ₹6,267.31 crore worth of equities on Wednesday. In contrast, domestic institutional investors (DIIs) invested ₹4,965.53 crore in equities.
