Synopsis
On March 11, the Indian stock markets displayed volatility yet managed to rebound from earlier losses. The **Sensex** and **Nifty** indices demonstrated resilience despite negative global cues, with **Nifty** closing higher by 38 points.Key Takeaways
- **Indian stock markets** showed volatility but recovered.
- **Sensex** closed nearly flat at 74,102.
- **Nifty** increased by 38 points to end at 22,498.
- **IndusInd Bank** faced significant losses over portfolio discrepancies.
- **Morgan Stanley** forecasts **Sensex** could reach **93,000** by December 2025.
Mumbai, March 11 (NationPress) The Indian stock markets displayed volatility on Tuesday but successfully bounced back from early losses.
The benchmark indices, Sensex and Nifty, demonstrated resilience despite unfavorable global cues and worries regarding a possible recession in the US.
The Sensex commenced the day with a steep dip of 371 points, reaching a low of 73,664. However, persistent buying interest allowed it to recover, peaking at an intra-day high of 74,187.
The index ultimately closed almost flat, down by 13 points at 74,102.
The Nifty fluctuated within a wide range of over 200 points, moving from a low of 22,315 to a high of 22,522, and eventually settling 38 points higher at 22,498 during the trading session.
“In spite of the rocky start, Nifty showed resilience, eliminating losses and trending upward throughout the session,” stated Sundar Kewat of Ashika Institutional Equity.
Kewat further noted that the index is currently hovering around the critical resistance level of 22,500, which will be monitored closely in the upcoming sessions.
Among the significant stocks, IndusInd Bank experienced a sharp decline of 27 percent after disclosing inconsistencies in its derivative portfolio, potentially affecting its net worth by Rs 1,577 crore.
Conversely, ICICI Bank and Bharti Airtel contributed positively to market sentiment.
Top gainers on the Nifty included Trent, Sun Pharma, ICICI Bank, Shriram Finance, and BPCL, while the major losers were IndusInd Bank, Infosys, Bajaj Finserv, Power Grid Corporation, and M&M.
Sector-wise, metal, realty, telecom, and oil & gas stocks gained between 0.5 percent and 3 percent, whereas auto, IT, and banking stocks faced losses ranging from 0.3 percent to 0.7 percent.
In the broader market, the BSE Midcap index increased by 0.7 percent, while the Smallcap index experienced a decline of 0.7 percent.
Meanwhile, Morgan Stanley published a report forecasting that the Sensex could reach 93,000 by December 2025 in its base-case prediction and potentially hit 1,05,000 in a bullish scenario.
In the currency market, the Indian rupee strengthened, concluding 12 paise higher at 87.21 per dollar compared to the prior closing of 87.33, buoyed by lower crude prices and a soft dollar index.
