Stock Market Crash Highlights: ₹3 lk cr lost! Sensex cracks 1342 pts at close, Nifty below 24,000; autos, banks drag

Stock Market Crash LIVE: Ajit Mishra – SVP, Research, Religare Broking:

"Markets plunged sharply on Wednesday, losing over one and a half percent and resuming their corrective phase amid weak global cues and heightened geopolitical tensions. The Nifty opened on a subdued note and remained under persistent selling pressure throughout the session. Although a brief recovery attempt was seen in the latter half, it failed to sustain, and the index eventually settled near the day’s low at the 23,866.85 mark, down by around 1.6%.

Sectoral participation remained largely negative, reflecting broad-based weakness across the market. Auto, banking, financials and realty were among the key drags, weighing heavily on the benchmark indices. However, selective buying interest was seen in pharma, energy and metal counters, which offered limited support. On the broader front, pressure was visible across the board, particularly in the midcap segment, which declined by nearly 1.5%.

Investor sentiment remained fragile as escalating geopolitical tensions in the Middle East continued to unsettle global markets and push volatility higher. Concerns over potential disruptions to crude oil supply, rising inflationary pressures and the possible impact on economic growth kept participants cautious. Additionally, continued foreign institutional investor selling and weakness in the rupee further dampened risk appetite.

The decline reaffirms the prevailing negative sentiment despite the recent cool-off in crude oil prices, which are still hovering around the $90 mark. On the index front, Nifty is once again inching towards its previous swing low around 23,700, and a break below this level could trigger the next leg of decline towards 23,500, followed by the 23,200 zone. On the upside, any recovery towards the 24,100–24,300 band is likely to face strong resistance. Given the uncertain global backdrop, participants are advised to maintain a cautious stance, keep position sizes light and focus on strict risk management while adopting a selective trading approach."

Stock Market Crash LIVE: Shrikant Chouhan, Head Equity Research, Kotak Securities:

Today, the benchmark indices corrected sharply. The Nifty ended down by 395 points, while the Sensex was down by 1342 points. Among sectors, almost all the major sectoral indices registered profit booking at higher levels, but the Auto index lost the most, shedding over 3 percent. Technically, after a muted open, the market slipped below 24,000/77500, and post-breakdown, selling pressure intensified. On daily charts, it has formed a long bearish candle and is also holding a lower top formation, indicating further weakness from the current levels.

For day traders, as long as the market is trading below 24,000/77500, a weak sentiment is likely to continue. On the lower side, the market may retest the level of 24,700/76300. Further downside could continue, dragging the market till 24,600-24,550/76000-75800. On the flip side, above 24,000/77500, a pullback move could extend up to 24,150/78000.

Stock Market Crash LIVE: Vinod Nair, Head of Research, Geojit Investments said:

"Domestic equities ended lower as weak global cues and the ongoing US–Iran conflict kept risk-off sentiment elevated. Concerns over rising inflation stemming from potential energy supply disruptions and rationing prompted investors to book profits, while continued FII outflows further added to market pressure.

Sector-wise, auto, banking, and realty stocks bore the brunt of the decline amid growing worries over demand slowdown. In contrast, healthcare stocks attracted defensive interest, while gas distributors gained after the government prioritized gas allocation. Looking ahead, markets are likely to remain cautious as investors await U.S. and domestic inflation data and clearer macro signals before taking fresh directional bets."

The Indian stock market indices Sensex and Nifty 50 declined on Wednesday, March 11 as the US-Iran war kept investors cautious. The Nifty and Sensex declined over 1.5% each mainly dragged by banks, financial services, and auto stocks.

Sensex ended 1342.27 points or 1.72% lower at 76,863.71 while the broader Nifty lost 417.85 points or 1.72% to settle at 23,843.75. Meanwhile, in intraday deals, Sensex fell as much as 1,396 points or 1.8% to its intra-day low of 76,810.14 while Nifty 50 shed 407 points or 1.7% to its day's low of 23,854.35

Stock Market Today LIVE: Healthcare stock Park Medi World is poised to benefit from India’s structural shortage of hospital beds, improving reimbursement dynamics and faster healthcare growth in Tier II markets, Nuvama said while initiating coverage.

With improving balance sheet quality and visible growth drivers, Nuvama has initiated coverage with a ‘Buy’ rating and a target price of ₹280, indicating an upside potential of around 37%.

The company operates 14 multi-super-specialty hospitals with about 3,250 beds, including roughly 870 ICU beds, across Haryana, Punjab, Delhi and Rajasthan.

“With a visible expansion pipeline, bed capacity is seen rising to around 5,260 by FY28E,” said the brokerage.

Stock Market Today LIVE: Global shares edged lower on Wednesday as oil prices fluctuated and mixed signals about the U.S.-Israeli stance on Iran heightened investor anxiety over inflationary pressures and risks to economic growth. The MSCI All-World index eased a touch on the day as losses in European shares mounted, leaving the STOXX 600 down 0.7%, shrugging off gains in Asia, where the Nikkei rose 1.7% and South Korea's Kospi gained 1.75%.

U.S. stock futures were virtually flat on the day. Brent crude futures were last up around 2% at $89.47 a barrel, having traded as low as $86.24 overnight. (Reuters)

Stock Market Today LIVE: The dollar staged a rebound after an early wobble on Wednesday as fears of escalation in the Middle East war kept risk appetite in check and prompted traders to seek refuge in the safe-haven currency.

While any indication of a swift resolution to the U.S.-Israel war with Iran has tempered the currency's gains, conflicting signals from Washington and Tehran left traders without a clear direction. The euro was flat at $1.1611, after climbing as much as 0.3% against the dollar. Sterling was largely unchanged at $1.3419 after hitting $1.3457 earlier in the session.

The yen was at 158.38 per U.S. dollar, weakening 0.2%. The dollar index, which measures the U.S. unit against six other rivals, was flat at 98.96. (Reuters)

Stock Market Today LIVE: Shares of Waaree Renewable Technologies rose about 4% in early trade on March 11 after the company signed a contract for executing engineering, procurement and construction (EPC) works for a ground-mounted solar PV plant of 300MWac/420MWp.

The project is expected to be completed during FY2027–28.

Earlier in January, the company had secured another EPC contract for a ground-mounted solar PV plant in Uttar Pradesh with a capacity of 10MWac/14MWp on a turnkey basis, valued at ₹37.96 crore.

Stock Market Today LIVE: Shares of HG Infra Engineering rose about 8% in early trade on March 11 after the company secured an order worth ₹401.33 crore from Anuppur Thermal Energy.

The company said it has received a contract from Anuppur Thermal Energy (MP) for executing civil works — including earthwork, bridges, station buildings, and P-way works — for railway infrastructure development at the 2x800 MW thermal power project in Anuppur, Madhya Pradesh. The completion period for the said project is 18 months.

Stock Market Today LIVE: Jefferies has raised Coal India target to ₹485, citing reasonable valuation and improving earnings. Jefferies said it has increased its earnings estimates for Coal India for FY26–FY28 by about 1–4%, mainly driven by higher e-auction premiums, while factoring in only a modest recovery in volumes.

“After 21% EPS decline over FY24–26E, we expect COAL’s earnings trajectory to improve with 9% CAGR over FY26–28E,” Jefferies said, adding that profitability is likely to rebound as power demand and realisations improve.

The brokerage now expects dispatch volumes to grow at around 5% CAGR over FY26–28, with total dispatches projected to rise from 735 million tonnes in FY26E to 810 million tonnes by FY28E.

Stock Market Today LIVE: Shares of Jio Financial Services climbed as much as 3% to an intraday high of ₹243 on the BSE on Wednesday after brokerage Motilal Oswal initiated coverage on the stock with a ‘Buy’ rating and a target price of ₹320 per share, implying an upside potential of about 36% from current levels.

The company, part of Mukesh Ambani’s Reliance group, has seen a weak run recently, with the stock declining 11% over the past one month and around 22% in the last six months.

Motilal Oswal said the company’s “Reliance pedigree” offers more than just brand value, providing a structural advantage in terms of capital access. The brokerage noted that this was evident in the recent preferential issue of warrants to the promoter group, which will bring in ₹15,700 crore of fresh equity, strengthening the balance sheet and supporting long-term growth.

Stock Market Today LIVE: Shares of gaming company Nazara Technologies climbed about 4% to touch an intraday high of ₹255 on the BSE on Wednesday after Morgan Stanley Asia Singapore Pte purchased shares worth roughly ₹69.2 crore through a block deal on Tuesday, according to exchange data.

The global investment bank acquired 28.85 lakh shares of Nazara Technologies at a price of ₹239.8 per share. The shares were sold by Think India Opportunities Master Fund LP, which offloaded the same number of shares at the same price.

Stock Market Today LIVE: Shares of pump and pipe manufacturing companies surged up to 20% on Wednesday after the government approved the extension and restructuring of the Jal Jeevan Mission until December 2028.

Denta Water and Infra Solutions shares were locked in the 20% upper circuit, while Shakti Pumps India shares jumped 19.2% and Vishnu Prakash R Punglia share price advanced 18.4%.

Other notable gainers included SPML Infra, Indian Hume Pipe Company, and Enviro Infra Engineers, which surged more than 16% each. Meanwhile, Om Infra and VA Tech Wabag shares rose about 10% each, while Apollo Pipes and Man Industries (India) shares gained around 7% apiece.

Stock Market Today LIVE: Investors lost around ₹2 lakh crore in today's session as the overall market capitalisation of BSE-listed firms fell to ₹445.42 lakh crore from over ₹447 lakh crore in the previous session.

Stock Market Today LIVE: Asian shares were mostly higher Wednesday with several benchmarks giving up much of their early gains as investors awaited signals on when the war with Iran may end.

U.S. futures rose and oil prices were mixed. Tokyo's Nikkei 225 gained 1.3% to 54,926.50 and South Korea's Kospi picked up 0.6% to 5,562.40 after gaining more than 3% earlier in the day. In Hong Kong, the Hang Seng fell back, slipping 0.2% to 25,921.02, while the Shanghai Composite index edged 0.2% higher to 4,131.39. Australia's S&P/ASX 200 rose 0.6% to $8,743.50.

Oil prices have remained sharply below their peaks hit on Monday. Such spikes have been rocking financial markets worldwide because of worries that the war could block the global flow of oil and natural gas for a long time. Early Wednesday, the price for a barrel of Brent crude, the international standard, was down 2 cents at $87.78. That’s about 10% below its settlement price the day before. U.S. benchmark crude oil gained 53 cents to $83.98 per barrel. (AP)

Stock Market Today LIVE: Gas-related stocks such as Adani Total Gas and Gujarat Gas rallied sharply on Wednesday, rising by as much as 15% amid concerns over tightening gas supplies in India due to the ongoing US-Iran war.

Adani Total Gas led the gains, climbing as much as 14.7% to hit an intraday high of ₹544.25. Gujarat Gas also surged around 12% to ₹420 during the session. Other gas-linked companies also advanced, with Petronet LNG, GAIL (India), Indraprastha Gas (IGL) and Mahanagar Gas (MGL) rising more than 2% each.

The escalating conflict involving Iran and the Israel-US alliance has started to affect India’s energy market, particularly natural gas and LPG supplies. Disruptions in shipments through the Strait of Hormuz — a key global energy transit corridor — have tightened supplies as tanker movement faces heightened security risks. India remains heavily dependent on imported gas to meet domestic demand.

Stock Market Today LIVE: At 11:45 am, Sensex was trading over 900 points lower around 77,280 while Nifty was hovering around 24,000, down nearly 250 points.

Stock Market Today LIVE: Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply. Brent futures were down $10.45, or 10.6%, at $88.51 a barrel by 1504 GMT (11:04 a.m. EDT), while ‌U.S. West Texas Intermediate (WTI) crude ⁠was ⁠down $10.61, or 11.2%, at $84.16. (Reuters)

Stock Market Today LIVE: SEDEMAC Mechatronics share price made a strong debut on Wednesday, March 11, defying the tepid sentiment in the Indian stock market.

SEDEMAC Mechatronics share price was listed at ₹1,535 per share on NSE, a premium of 13.54% over the issue price of ₹1,352. On BSE, the stock got listed at ₹1,510, up 11.69% from the issue price.

The IPO listing was better than Street expectations, as seen from the grey market premium (GMP). The GMP for SEDEMAC IPO stood at ₹0 per share, which indicated a likely listing price of ₹1,352 — same as the IPO price.

Stock Market Today LIVE: Shares of TTK Prestige, Gandhi Mathi Appliances (Butterfly Gandhimathi), and Stovecraft surged by as much as 15% on Wednesday, March 11, due to a critical shortage of LPG amid conflicts in the Middle East. The supply of commercial LPG to hotels and restaurants has stopped in cities such as Mumbai, Bengaluru, and Chennai, resulting in a significant increase in the demand for induction stoves (with sales rising between 60-300%), according to reports.

Market analysts suggest that if there are ongoing LPG supply challenges, consumers might briefly transition to using induction or electric cooking appliances, which could positively impact businesses such as TTK Prestige, Stove Kraft, and Gandhimathi Appliances.

Stock Market Today LIVE: Shares of InterGlobe Aviation, parent company of the budget carrier IndiGo, surged as much as 2.61% to ₹4,494.60 apiece in Wednesday's trading session, despite chief executive officer Pieter Elbers stepped down from the role on Tuesday, citing personal reasons.

The aviation stock opened at ₹4,375 in early morning session today, as compared to previous close of ₹4,380 on Tuesday. The aviation company shares jumped after brokerage firms Jefferies and HSBC maintained a bullish outlook on the stock despite the sudden resignation of chief executive Pieter Elbers.

Brokerages such as HSBC and Jefferies have reiterated their ‘buy’ ratings on the stock following the leadership change, suggesting they do not foresee any shift in the airline’s strategic direction, according to a Moneycontrol report.

Stock Market Today LIVE: Gold and silver rate today declined slightly on Wednesday, March 11, as investors remained cautious amid the ongoing US-Israel-Iran war and shifted toward safe-haven assets. Sentiment in the precious metals market was also influenced by easing oil prices and a softer US dollar, which supported gold even as silver witnessed marginal pressure.

On MCX, silver price fell 1% to its day's low of ₹2,75,000 per kg while MCX gold price was down 0.28% to ₹1,62,840 per 10 grams.

Spot silver edged 0.1% lower to $88.35 per ounce, while spot gold rose 0.3% to $5,208.08 per ounce as of 02:43 GMT. Meanwhile, US gold futures for April delivery slipped 0.5% to $5,216.80.

Other precious metals also saw mixed movements. Spot platinum fell 0.5% to $2,190.44 per ounce, while palladium advanced 0.8% to $1,667.73.

Reliance Industries share price gained over a percent in early trade on Wednesday after US President Donald Trump announced a plan to build a new oil refinery in Brownsville, Texas, with the help of investment from Reliance Industries Ltd. Reliance share price rose as much as 1.74% to ₹1,433.65 apiece on the BSE.

Trump said the US will get its first new oil refinery in 50 years with the help of investment from India’s Reliance Industries Ltd.

“I am proud to announce that America First Refining is opening the FIRST new US Oil Refinery in 50 YEARS in Brownsville, Texas,” Trump said Tuesday in a post on Truth Social.

The Indian stock market indices Sensex and Nifty 50 declined on Wednesday, March 11 as the US-Iran war kept investors cautious. The Nifty and Sensex declined nearly half a percent each mainly dragged by banks and financial services stocks. FMCG and auto sectors were also in the red. However, broader markets outperformed benchmarkets with Nifty Midcap 100 and Nifty Smallcap 100 in the green.

Sensex was down over 400 points while Nifty was trading around 24,190.

Stock Market Today LIVE: The benchmark indices Sensex and Nifty remained muted on Wednesday after witnessing a strong rally in the previous session. During the day, markets are likely to remain sensitive to developments in West Asia and movements in crude prices.

At 9:20 am, Sensex rose 79 points or 0.14% to 78,316 while Nifty added 33 points or 0.14% to 24,292.

Stock Market Today LIVE: Nifty 50 index formed a doji candle with a long lower shadow, highlighting buying demand at lower levels for the second session in a row around the 100-day EMA.

“A small red candle was formed on the daily chart with a long lower shadow. Technically this market action signals a formation of hanging man or doji type of candle pattern (not a classical one). Formation of these candle pattern is not a bullish sign ahead and this indicates a presence of strong overhead resistance around 24,400 - 24,500 levels,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the short-term trend of Nifty 50 is positive, but the overall medium-term remains choppy with weak bias. There is a higher possibility of the market coming down from near the crucial hurdle in the next few sessions.

Stock Market Today LIVE: Sensex is forming a reversal pattern on intraday charts, which supports a further uptrend from the current levels.

“We are of the view that, in the short term, Sensex remains weak, but as long as it trades above 77,500 - 77,700, a pullback move is likely to continue. On the higher side, 78,800 - 79,000 would be the immediate resistance zone for the bulls. Conversely, a breach of 77,500 could change the sentiment. Below that, the chances of Sensex hitting 77,300 - 77,200 would increase,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.

Stock Market Today LIVE: The International Energy Agency (IEA) has proposed its largest ever release of oil reserves to counter soaring crude prices driven by the US-Iran war, the Wall Street Journal reported. The release would exceed the 182 million barrels IEA member countries put on the market in 2022 following Russia’s invasion of Ukraine, the paper said.

Stock Market Today LIVE: The conflict, which has entered its 12th day, continues to disrupt crude production and refining operations across the Middle East.

The Pentagon was quoted as saying by Bloomberg that the US and Israel carried out their most intense round of attacks yet against Iran and would persist until the Islamic Republic is defeated, adopting a more aggressive tone after Donald Trump earlier suggested the conflict could end soon.

Stock Market Today LIVE: Gold and silver rates today opened in a negative territory on Wednesday, March 11, after remarks from US officials regarding the Middle East conflict, which has heightened volatility in energy markets.

Spot gold rate today was down marginally; however, it remained above the $5,200 level. The yellow metal was trading 0.34% lower at $5224 per ounce. Meanwhile, spot silver prices were also trading in red, down 0.32% to $89.35 per ounce, during the Asian trading hours.

Stock Market Today LIVE: Crude oil prices seesawed after the Wall Street Journal reported the International Energy Agency has proposed the largest release of oil reserves in its history to offset supply disruptions stemming from the war on Iran.

Brent futures traded 0.13% higher at $87.91 a barrel, while US West Texas Intermediate (WTI) traded up 0.08% at $83.52 a barrel.

Yesterday’s candle on the Nifty 50 was a “hammer”, which is a bullish formation with a long lower shadow, so it remains to be seen if we will test resistance which sits in the 24,370 - 24,416 area. Support spans the 23,700 - 24,080 area, but with conflicting geopolitical news flow coming in, expect higher-than-average volatility. Meanwhile, derivatives data from yesterday’s session showed that foreign investors and prop traders remained positive, while retail investors went bearish, said Akshay Chinchalkar, Managing Partner and Head of Market Strategy, The Wealth Company.

US stock market lower on Tuesday, as investors weighed fading hopes for an earlier-than-expected end to the US-Iran war against a backdrop of renewed military threats and ongoing worries of economic stagflation.

The Dow Jones Industrial Average declined 34.29 points, or 0.07%, to 47,706.51, while the S&P 500 fell 14.51 points, or 0.21%, to 6,781.48. The Nasdaq Composite ended 1.16 points, or 0.01%, higher at 22,697.10.

Asian markets traded higher as investors assessed the development over the ongoing US-Iran war. Japan’s Nikkei 225 gained 1.36%, while the Topix rose 1.22%. South Korea’s Kospi rallied 2.52%, and the Kosdaq rose 1.39%.Hong Kong Hang Seng index indicated a muted opening.

Gift Nifty was trading around 24,315 level, a discount of nearly 77 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock market indices.

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday, amid mixed global market cues, as investors remain cautious over the developments in the US-Iran war.