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Sensex, Nifty Open Higher But Slip; IT Stocks Drag, Reliance & Airtel Gain

Date: 12-mar-2025

Sensex, Nifty Open Higher But Slip; IT Stocks Drag, Reliance & Airtel Gain

Indian Stock Market Today: Sensex & Nifty Open Higher, But IT Stocks Drag

Market Opening Overview

On March 12, 2025, the Indian stock market opened on a positive note with the Sensex climbing over 250 points and the Nifty 50 surpassing 22,550. However, early gains were trimmed as IT stocks faced selling pressure, dragging indices lower.

Sensex & Nifty Performance

  • Sensex: Opened above 74,300, later slipping to around 74,150 as IT stocks declined.
  • Nifty 50: Crossed 22,550 at open but dipped to 22,450 during intraday trading.

Sectoral Performance

Different sectors reacted differently to market trends:

  • IT Stocks Drop: The IT index fell 2% as major companies like Infosys and TCS faced heavy selling.
  • Reliance & Airtel Gain: Reliance Industries and Bharti Airtel gained 1-2% after announcing Starlink partnership talks.
  • Metals & Oil Stocks Resilient: Stocks in the metal and oil sectors provided support to the market.

Top Stock Movers

  • Reliance Industries: Gained nearly 1% on reports of Starlink collaboration for satellite internet in India.
  • Bharti Airtel: Up 2% amid positive telecom industry sentiment.
  • Infosys & TCS: IT giants led sectoral declines, each falling around 1.5-2%.

Economic Indicators Affecting the Market

  • U.S. Tariff Concerns: Global markets reacted to Trump’s 25% tariffs on steel and aluminum, impacting sentiment.
  • Rupee Movement: The Indian rupee was on the defensive due to U.S. economic slowdown worries and portfolio outflows.

Investor Outlook

With mixed trends in the stock market, analysts suggest a cautious approach, focusing on sectoral performance and global market cues.

Disclaimer: This article is based on publicly available information from various online sources. We do not claim absolute accuracy or completeness. Readers are advised to cross-check facts independently before forming conclusions.

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