Business EconomyPosted at: Mar 11 2026 5:04PM


Stock market under pressure after rebound in previous session; Nifty dips below 23,850

New Delhi, March 11 (UNI) The stock market came under pressure on Wednesday following a strong rebound in the previous session, with broad-based selling across sectors.
At close, the Sensex fell 1,342.27 points, or 1.72 pc, to 76,863.71, while the Nifty 50 dropped 394.75 points, or 1.63 percent, to 23,866.85. The Nifty Midcap index declined 1.2 percent, and the Smallcap index slipped 0.36 percent.
Market capitalisation of BSE-listed firms fell to over Rs 442 lakh crore from more than Rs 447 lakh crore in the prior session.
Among sectors, auto, FMCG, PSU banks, consumer durables, private banks, capital goods, IT, and realty saw significant losses. Oil & gas and pharma ended with marginal gains.
On Nifty, the key gainers were NTPC, Jio Financial, Coal India, Sun Pharma, Dr Reddy's Labs. While on the losing end were Bajaj Finance, Axis Bank, Bajaj Finserv, Eicher Motors and M&M.
Around 180 stocks touched their 52-week low on the BSE. These included 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.
The key losers in the FMCG stocks were Colgate-Palmolive (India), Marico, Emami, and Tata Consumer Products. In the auto stocks, TVS Motor Company, Ashok Leyland, Mahindra & Mahindra, Hyundai Motor India, and Eicher Motors witnessed losses.
Bank Nifty, which fell over 2% witnessed heavy selling in private lenders such as Axis Bank, HDFC Bank and ICICI Bank. union Bank declined nearly 2.9%, IndusInd Bank fell 2.4% and Federal Bank slipped nearly 2.4%.
In the Asian markets the MSCI Asia Pacific Index rose 0.9% while the MSCI Emerging Markets Index also gained 0.8%.
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