Stock Market Crash Highlights: Sensex tumbles 829 pts at close, Nifty down 1% on crude oil price rally; BFSI, autos drag

Sensex Crash Today LIVE: Rupak De, Senior Technical Analyst at LKP Securities said:

"The index slipped below the recent consolidation low, heightening weakness amid the ongoing problems at the Strait of Hormuz. Though the session remained somewhat volatile, overall selling pressure persisted at higher levels.

In the short term, sentiment continues to support a bearish view, with sell-on-rise likely to remain the preferred strategy. The RSI indicator is in a bearish crossover and is declining further, entering a zone of significant weakness.

On the lower end, support is placed at 23,400 / 23,200, while on the higher end, resistance is seen at 23,850."

Sensex Crash Today LIVE: Vinod Nair, Head of Research, Geojit Investments said:

"Geopolitical tensions in the Middle East continue to dampen global risk appetite, as fresh attacks on oil-shipping vessels have pushed crude prices closer to $100 per barrel, intensifying concerns over inflation and gas supply constraints. The market is witnessing broad-based consolidation, although selective buying has emerged in renewables and utility stocks.

In the near term, sustained risk-off sentiment and ongoing FII outflows are likely to keep both equities and the INR under pressure. However, the premium valuation of India has narrowed during the year, making it highly investable for a long-term investor, thus reducing the downside risk."

The Indian stock market’s benchmark indices, the Sensex and Nifty 50, ended 1% lower on Thursday, March 12 dragged by auto, banks and NBFCs. This comes after an around 1.7% fall in the indices in the previous session.

The fall came on the back of weak global cues as a sharp rise in crude oil prices heightened inflation concerns and investors remained cautious amid escalating tensions between the US and Iran in the Middle East.

Sensex ended 829.29 points or 1.08% lower at 76,034.42 while Nifty fell 227.70 points or 0.95% to settle at 23,639.15. in intra-day deals, Sensex cracked as much as 992.53 points or 1.3% to its day's low of 75,871.18 while the Nifty 50 fell 298.15 points or 1.25% to 23,556.30. .

Sensex Crash Today LIVE: Aarti Industries share price rallied as much as 6% to ₹455.60 apiece in Thursday's trading session after the company secured a new supply contract worth $150 million.

The chemical stock opened at ₹430 per share in an early morning session today, as compared to the previous close of ₹430.15 on Wednesday. The stock surged despite market indices - Sensex and Nifty - on a negative note. The Sensex dropped as much as 992.53 points, or 1.3%, to hit an intraday low of 75,871.18, while the Nifty 50 declined 298.15 points, or 1.25%, to 23,556.30.

In an exchange filing dated March 12, Aarti Industries said it has entered into a multi-year supply agreement with a global agrochemical innovator for the supply of a critical agrochemical intermediate used in crop protection formulations, worth about $150 million.

Sensex Crash Today Live: Brent crude futures rose more than 10% at one point to highs of $101.59 per barrel, even after the International Energy Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat the spike in crude prices.

Oil market volatility has continued to climb, with Iran saying the world should be ready for crude at $200 a barrel as its military attacked merchant ships on Wednesday, and vessel traffic through the Strait of Hormuz dwindled to a trickle.

Sensex Crash Today LIVE: The dollar gained for a third consecutive session on Thursday, staying close to its strongest levels this year as surging crude prices stoked inflation worries, which could potentially force central banks to reassess the need for interest-rate hikes.

The rapid increase in energy prices poses a threat to global growth, with economists warning that prolonged conflicts would further amplify the economic impact. Unsurprisingly, the world's biggest energy importers have seen their currencies post the largest losses against the dollar since the start of the war. The euro and the Korean won have lost 2% to 3%, while the Indian rupee and Japanese yen have lost more than 1.5% each.

Meanwhile, the dollar has risen by more than 1.5% against a basket of major currencies and is close to its highest level since November, thanks in part to its safe-haven appeal, but also because the United States is a net energy exporter. The euro slipped 0.2% to $1.154, nearing its lowest level since November, while the yen briefly depreciated past the 159-per-dollar mark and was approaching its weakest level since July 2024.

Sensex Crash Today LIVE: Vodafone Idea, Jindal Saw, Tata Silver Exchange Traded Fund, Dharan Infra-EPC, Filatex Fashions, YES Bank, HFCL, Suzlon Energy, Eternal, and Adani Total Gas were among the most traded stocks on the NSE on Thursday.

Tata Gold Exchange Traded Fund, Reliance Power, Adani Power, Jaiprakash Power Ventures, Bharat Coking Coal, Ola Electric Mobility, SEPC, HDFC Bank, and Enviro Infra Engineers were also among the most traded stocks on the NSE. Read more

Sensex Crash Today LIVE: The record date for railway PSU stocks — Indian Railway Finance Corporation (IRFC) and RailTel Corporation of India — is slated for Friday, March 12. This means that IRFC and RailTel will trade ex-dividend date tomorrow.

PSU stock IRFC's board earlier this week, on March 9, approved a second interim dividend of ₹1.05 per equity share of ₹10 each for the financial year 2025-26 (FY26).

On the same day as IRFC, RailTel's board also announced a second interim dividend for its shareholders. RailTel announced a dividend of ₹1 per share and fixed March 13 as the record date for the purpose of payment.

Sensex Crash Today LIVE: Shares of Reliance Industries Ltd (RIL) edged higher on Thursday even as broader markets remained under pressure, after US President Donald Trump, yesterday, announced plans to build a new oil refinery in Texas with the support of investment from the Mukesh Ambani-led conglomerate.

Reliance shares gained about 1.5% during the session, touching a high of ₹1,410.90 on the BSE. The stock had initially reacted positively in the previous trading session as well after the news broke, although it later trimmed gains to end 1.3% lower.

Despite Thursday’s bounce, Reliance shares have faced pressure in recent months. The stock has declined about 10% on a year-to-date basis, although it is still up more than 11.5% over the past year. It has slipped 3.2% in the past two months and nearly 10% over the past three months.

Stock Market Crash LIVE: TTK Prestige shares rise for the second straight session on Thursday, March 12 amid the ongoing LPG shortage crisis. Recent changes in demand caused by LPG shortages in the commercial sector, including hotels and paying guest accommodations, have led to increased sales of induction cooktops.

TTK Prestige shares have witnessed a significant surge in demand, with induction cookers—accounting for roughly 10–12% of their revenue—seeing daily sales rise from around 40–45 units to almost 120–130 units.

India increased the cost of its most commonly used cooking gas for the first time in nearly a year on Saturday, raising prices by 7% to 913 rupees ($9.9) for the 14.2 kilograms cylinder favored by many middle-class families. Prices for commercial users like restaurants and hotels, which are generally updated at the beginning of each month, were raised again for a second time in March on Saturday.

Sensex Crash Today LIVE: Australian shares slipped more than 1% on Thursday as oil prices rallied on reports of attacks on fuel tankers in the Middle East, stirring up prospects of higher interest rates as the central bank battles to ‌contain inflation.

The benchmark ⁠S&P/ASX ⁠200 index fell 1.3% to close at 8,629.00 points. It has slid more than 6% so far in March, putting it on track for its worst monthly performance since September 2022.

Sensex Crash Today LIVE: Shares of Borosil Ltd fell sharply, dropping as much as 6.5% to ₹243 on the BSE on Thursday, after the company disclosed receiving communication from oil marketing companies (OMCs) regarding restrictions on LPG supply. The supply curbs stem from a force majeure situation linked to the ongoing conflict in the Middle East, which has disrupted global fuel availability.

The company said the restrictions have impacted operations at its Jaipur, Rajasthan facilities. Production at the borosilicate glass furnace used for pressware products has been temporarily halted, while the opal glass furnaces are currently running at reduced capacity due to the limited LPG supply.

Sensex Crash Today LIVE: Shares of oil marketing companies (OMCs) fell up to 3% in Thursday's trading session after crude oil prices once again jumped to $100 per barrel amid the ongoing US-Iran war.

Hindustan Petroleum Corporation (HPCL) was the worst performer in the pack, with its share price declining more than 2.75% to ₹373.70. It was followed by Indian Oil Corporation (IOC), which slipped 2.33%, and Bharat Petroleum Corporation Limited (BPCL), whose stock fell 1.31% in trade today.

All three OMC stocks — HPCL, IOC and BPCL — have fallen between 11% to 15% in a month.

Sensex Crash Today LIVE: KEC International share price jumped over 5% in early trade on Thursday after the company announced receipt of orders from Saudi Arabia, US and Africa despite the US-Iran war in the Middle East. KEC International shares rallied as much as 5.29% to ₹576.80 apiece on the BSE.

However, the stock succumbed to the selling pressure amid a sharp decline in the broader Indian stock market today.

EPC major KEC International said it has secured new orders of ₹1,476 crore for Transmission and Distribution projects in India, the Middle East, Africa and the Americas.

The RPG Group company said in a regulatory filing on March 11 that it received composite orders for 380 kV Transmission lines, Substations and EHV Cabling in Saudi Arabia. The company also bagged a 132 kV Transmission lines project in Africa.

Sensex Crash Today LIVE: Auto stocks witnessed sharp selling on Thursday morning, with the Nifty Auto index sliding nearly 3% as rising crude oil prices above $100 per barrel reignited concerns over fuel-led inflation. Automobile companies dominated the list of top losers on the Nifty, reflecting investor worries about rising costs and weaker demand prospects.

The Nifty Auto index declined about 2.8%, making it the worst-performing sectoral index during the session. Higher energy prices raised fears of increased input costs and potential pressure on consumer demand for vehicles.

Among individual stocks, Mahindra & Mahindra emerged as the biggest loser on the benchmark index, falling around 3.45%. Other auto majors also faced selling pressure. Eicher Motors dropped roughly 2.8%, Tata Motors Passenger Vehicles declined about 2.5%, and Maruti Suzuki slipped nearly 2.4%. Two-wheeler maker Bajaj Auto also fell around 2.2%, with five auto stocks featuring among the top Nifty losers during the session.

Sensex Crash Today LIVE: The Indian stock market’s benchmark indices, the Sensex and Nifty 50, pared some early morning losses but continued to trade in the red on Thursday, March 12. The recovery was led by gains in index heavyweight Reliance Industries.

However, the indices remained weak tracking weak global cues as a sharp rise in crude oil prices heightened inflation concerns and investors remained cautious amid escalating tensions between the US and Iran in the Middle East. This comes after an around 1.7% fall in the indices in the previous session.

Sensex cracked as much as 992.53 points or 1.3% to its day's low of 75,871.18 while the Nifty 50 fell 298.15 points or 1.25% to 23,556.30.

Sensex later pared gains, and recovered 600 points to day's high of 76,522.99, sill down around 400 points. Nifty also traded 0.5% lower.

Sensex Crash Today LIVE: Omnitech Engineering share price surged by over 6% on Thursday, March 12, after the company secured an order worth ₹920 crore from Weatherford Products GmbH.

The contract was obtained through a master purchase agreement and is scheduled for execution over five years. A meeting of the company's board of directors is planned for March 14, 2026, to review, approve, and record the standalone and consolidated unaudited financial results for the third quarter and nine months concluding on December 31, 2025.

Omnitech Engineering shares made their market debut on March 5. The small-cap stock closed at almost a 10% discount compared to the issue price of ₹227.

Sensex Crash Today LIVE: Shares of Adani Total Gas zoomed over 14% in intraday deals on Thursday, March 12, defying the slump in the Indian stock market, amid concerns over tightening natural gas supplies in India due to escalating geopolitical tensions in the Middle East.

The stock rose as much 14.19% intraday to ₹650 apiece on the BSE. This was the second day of gains for the Adani group company after it rallied 20% in the last trading session.

Sensex Crash TodaLIVE: The rupee depreciated 31 paise to 92.32 against the US dollar in early trade on Thursday, pressured by FII outflows, rising global crude oil prices and a stronger greenback as the conflict in West Asia showed no signs of relenting.

A weak start to the session at the domestic equity markets further weighed on the local unit, according to traders.

At the interbank foreign exchange, the rupee opened at 92.25 against the US dollar and slipped further to 92.32, down 31 paise from its previous close.

The local unit declined 16 paise to settle at 92.01 against the US dollar on Wednesday.

Stock Market Crash LIVE: Investors' wealth has fallen by a solid ₹14 lakh crore, as the overall market capitalisation of BSE-listed firms dropped to nearly ₹436 lakh crore from nearly ₹450 lakh crore on Friday.

Stock Market Crash LIVE: VK Vijayakumar, Chief Investment Strategist, Geojit Investments said:

"For investors, markets can be very frustrating during certain times. This is one such time. The lesson from market history is that attitude and temperament are important in these trying times. Experiences from previous geopolitical conflicts tell us that markets bounce back smartly once the conflicts get over. Therefore, investors should remain invested and continue with systematic investment plans.

Long term investors can use market weakness to slowly accumulate high quality bluechips across sectors. This is also the right time to churn portfolios in favour of high quality stocks."

Stock Market Crash LIVE: Renisha Chainani said, “Precious metal prices are currently influenced by competing macro forces. On one side, escalating geopolitical tensions in the Middle East are sustaining demand for safe-haven assets. On the other hand, the strengthening U.S. dollar and rising Treasury yields are limiting the metal’s upside, as higher yields increase the opportunity cost of holding non-yielding assets like gold.”

For silver, Chainani said the metal remains on a strong footing after reaching the $90 mark and continues to show upward momentum. She indicated that the next upside target is around $95, which is roughly ₹2,85,000. On the downside, strong support is placed near $80, or around ₹2,60,000, suggesting that any short-term corrections could attract fresh buying interest.

Stock Market Today LIVE: VK Vijayakumar, Chief Investment Strategist, Geojit Investments said:

“External headwinds have pushed the market into a weak zone. With the war continuing to rage with no signs of let up and Brent crude again bouncing back to $100 levels, the weakness is likely to persist. Even though DIIs are continuously buying in the market, DII buying is not helping the market to recover since FIIs are sustained sellers and show no signs of reversing their strategy in this uncertain global environment.”

Stock Market Today LIVE: The Indian stock market’s benchmark indices, Sensex and Nifty 50, opened lower on Thursday, mirroring weak global cues as a surge in crude oil prices fuelled inflation concerns and investors stayed cautious amid escalating tensions between the US and Iran in the Middle East. The weak start followed a sharp decline of about 1.7% in both indices in the previous session.

Sensexo opened over 950 points lower while Nifty was down 1.2% around 24,500.

Stock Market Today LIVE: Silver prices slipped marginally on Thursday as a stronger dollar and fading hopes of near-term interest rate cuts continued to pressure the metal. Expectations for rate cuts weakened after higher oil prices and recent US inflation data signalled persistent price pressures. Gold prices also slipped marginally.

MCX silver rate fell 0.86% to ₹2,66,174 per kg while MCX gold price was down o.4% to ₹1,61,081 per 10 grams.

Spot silver slipped 0.3% to $85.49 per ounce. Spot gold eased 0.1% to $5,172.86 per ounce as of 0221 GMT after falling over 1% in early deals, while US gold futures for April delivery were unchanged at $5,178.

Among other precious metals, spot platinum gained 0.1% to $2,171.19 per ounce and palladium rose 0.8% to $1,650.52.

Stock Market Today LIVE: Bank Nifty index slumped 1,215.05 points, or 2.13%, to close at 55,735.75 on Wednesday, forming a large bearish candle, indicating renewed selling pressure.

“For Bank Nifty, the immediate support is placed in the 55,400 – 55,300 zone. Any sustainable move below this zone could result in Bank Nifty extending its weakness towards 54,900, followed by 54,500 in the short term. On the upside, the zone of 56,100 – 56,200 zone is likely to act as a strong resistance,” said Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.

Stock Market Today LIVE: US treasury yields rose on Wednesday as higher oil prices stoked inflation fears and pushed back expectations for Federal Reserve rate cuts. The 2-year note yield was up 6.3 basis points at 3.632%, after earlier reaching 3.648%, the highest since September 26. The benchmark US 10-year yield rose 7 basis points to 4.206% and earlier got to 4.226%, the highest since February 9.

Stock Market Today LIVE: US consumer prices rose moderately in February. The Consumer Price Index (CPI) rose 0.3% last month after gaining 0.2% in January. In the 12 months through February, the CPI advanced 2.4%, matching January’s increase. The increase in the CPI was in line with economists’ expectations. US inflation data dampened expectations of interest rate cuts by the Federal Reserve.

Stock Market Today LIVE: US stock market ended mixed on Wednesday as markets largely looked past a tame inflation report, amid cautiousness over the US-Israeli war on Iran.

The Dow Jones Industrial Average declined 289.24 points, or 0.61%, to 47,417.27, while the S&P 500 fell 5.68 points, or 0.08%, to 6,775.80. The Nasdaq Composite closed 19.03 points, or 0.08%, higher at 22,716.14.

Stock Market Today LIVE: Nifty 50 formed a bearish candle on the daily chart, and continues to trade below its key moving averages, indicating that the broader trend remains weak.

“A long bear candle was formed on the daily chart which indicates sharp reversal of Nifty 50 on the downside, after forming a new lower top around 24,300 levels on Tuesday. The opening downside gap of 9th March remained partially filled. This is not a good sign,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the near-term trend of Nifty 50 seems to have reversed down after a reasonable bounce back. “As per the negative chart pattern like lower tops and bottoms, Nifty 50 is expected to slide below the recent swing low of 23,697 in the short term. Immediate resistance is placed at 24,050 levels,” said Shetti.

Stock Market Today LIVE: In the derivatives market, notable put writing was seen at the 23,700 strike, while heavy call writing appeared at the 24,000 strike, indicating that traders expect the index to trade within this range in the near term.

“Considering the current setup, traders are advised to remain cautious near key support levels and avoid aggressive directional trades until the index manages to break above the resistance zone,” said Hitesh Tailor, Research Analyst - Research at Choice Equity Broking.

Stock Market Today LIVE: Sensex formed a long bearish candle on daily charts and is also holding a lower top formation, indicating further weakness from the current levels.

“For day traders, as long as Sensex is trading below 77,500, a weak sentiment is likely to continue. On the lower side, the index may retest the level of 76,300. Further downside could continue, dragging Sensex till 76,000 - 75,800. On the flip side, above 77,500, a pullback move could extend up to 78,000,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.

Stock Market Today LIVE: Oil prices surged as much as 8.2 percent after Iraqi security officials said Iranian explosive-laden boats struck two fuel-oil tankers, amid broader supply disruptions stemming from the U.S.-Israeli conflict with Iran. Officials also said oil ports had “completely stopped operations.”

Markets remained unsettled despite the International Energy Agency’s plan to release 400 million barrels from its reserves — the largest move in its history — along with the U.S. commitment to supply 172 million barrels starting next week as part of the coordinated effort.

Brent crude futures climbed $6.5, or 7.13 percent, to $98.5 per barrel at 0200 GMT, while U.S. West Texas Intermediate (WTI) crude rose $6.1, or 7.1 percent, to $93.43 per barrel.

The escalating conflict in the Middle East has kept investors on edge as they evaluate its potential impact on inflation and the risk of prolonged pressure on global oil supplies.

Stock Market Today LIVE: Gold prices were trading marginally lower on Thursday, March 12, while the silver rate today edged higher after the release of monthly US inflation data dampened expectations of interest rate cuts by the Federal Reserve, even as the conflict in the Middle East continues.

Spot gold rate today fell 0.39% to $5,159 per ounce, slipping below the $5,200 level. Meanwhile, spot silver was trading 0.12% higher at $85.65 per ounce during Asian trading hours on Thursday.

Stock Market Today LIVE: Trends in Gift Nifty also pointed to a weak start for the domestic benchmark index. Gift Nifty was trading around the 23,819 level, indicating a discount of nearly 120 points compared with the previous close of Nifty futures.

Stock Market Today LIVE: The Indian stock market’s benchmark indices, the Sensex and Nifty 50, are expected to open lower on Thursday, tracking weak global cues as a sharp rise in crude oil prices heightened inflation concerns and investors remained cautious amid escalating tensions between the US and Iran in the Middle East.