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Stock Market Today: Nifty Logs Longest Losing Streak In 29 Years; Sensex Ends Below 73,000

Stock Market Today: Nifty Logs Longest Losing Streak In 29 Years; Sensex Ends Below 73,000
(Photo source: Freepik)
12 months ago
The NSE Nifty 50 and BSE Sensex opened lower on Tuesday taking cues from the global markets. The Nifty 50 opened 0.67% down at 21,974.45 and the Sensex was down 0.37% at 72,817.34.

  • Trials begin for India’s first heavy-duty hydrogen trucks

  • The trial phase will last for 24 months with 16 H-trucks

  • The trials are along multiple busy freight routes of India

  • The trials were flagged off by Union Minister Nitin Gadkari and Tata Motors CV’s Girish Wagh

  • Alert: Tata Motors had won a tender from the Minister of Renewable Energy to conduct trials of heavy-duty hydrogen trucks.

ICICI Securities believes that food delivery businesses are being ignored as quick-commerce expansions started to capture attention. Food delivery businesses displayed some sort of slowdown in growth in the third quarter of the financial year 2025. However, there's nothing substantial to worry about.

Read full story here.

Indian equity markets are facing a sharp and sustained sell-off, causing significant losses amounting up to $1.3 trillion since their peak last year.

The Nifty 50 is set to record a 10-day losing streak, which will mark the longest daily losing-run in the last 29 years. The previous time that Nifty fell for 10 sessions straight was in January 1996.

Read full story here.

Fast moving consumer goods, information technology, auto, and pharma sectoral indices struggled to recoup losses in Tuesday's session. These four were the only losers among the 12 sectors compiled by National Stock Exchange Ltd.

Read full story here.

  • Indian equities were trading lower with Nifty falling nearly 0.25% at 22,064.80 and Sensex was trading 162 points lower at 72,924.22.

  • Intraday, both Nifty and Sensex fell over 0.60%.

  • Nifty fell 0.70% to 21.964.60.

  • Sensex fell 0.62% to 72,633.54.

  • Broader indices were trading higher. Nifty Midcap 150 rose 0.04%; Nifty Smallcap 250 was trading 0.88% higher.

  • Six sectoral indices fell, led by Nifty Auto while Nifty Media was the biggest gainer.

  • Nifty Bank rose 0.17%, Nifty IT was down 0.53%.

  • SBI, TCS, ICICI Bank and Bharat Electronics were top Nifty gainers.

  • Infosys, Bharti Airtel, ITC and HUL were top Nifty losers.

Foreign-investor selling has been one of the major reasons behind the major slump in Indian equities. In these last five months, the FIIs have sold nearly $37 billion of Indian equities. In the previous month, the FIIs were net sellers at Rs 34,574 crore. In the 20 trading sessions, they were buyers on just two instances — Feb. 4 and Feb. 18.

There are two parts to what could have led to such a kind of sell-off in Indian equities.

Read the full article here.

Indian stocks have seen their market capitalisation tumble by over $1.3 trillion since their peak last year. According to HSBC Research, risks that emerged when the markets were on a "tear" are still lurking around, although they have largely abated.

Read full story here.

The Nifty and Sensex are poised for record losing streak in nearly three decades.

As of February:

  • 35% tapering in NSE's average daily premium turnover for index options

  • 46% reduction in BSE's average daily Sensex options trading volumes

  • F&O frenzy has cooled off since Sebi reforms were first announced in October 2024

(Source: Exchanges)

Intra-day monitoring on prescribed position limits to begin from April 1

  • Nifty 50 down 0.55% this week, down 7% year to date

  • Average Nifty Falls In Mar'25 Stand Weakest In Last 5 Years

  • Top Sectoral Laggards This Week: Nifty Oil & Gas, Nifty Media, Nifty IT

  • Total Market Cap Loss This Week At Rs 1.7 Lakh Crore

  • Large Caps Have Lost Around Rs 1.2 Lakh Crore In Market Cap In March So Far

  • Mid Caps Have Lost Around Rs 22,900 Crore In Market Cap In March So Far

  • Small Caps Have Lost Around Rs 4000 Crore In Market Cap In March So Far

At pre-open, the NSE Nifty 50 was trading 111.65 points or 0.65% lower at 21974.45. The BSE Sensex was 0.55% lower at 72,817.34.

Our analytics are now showcasing that a trading bottom is round the corner. Hence, we are participating in both large and mega-large caps, while selectively increasing our small cap exposures in most of our equity schemes, Quant Mutual Fund told NDTV Profit.

The Nifty 500 represents the top 500 companies based on full market capitalisation and average daily turnover from the eligible universe. The Nifty 500 represents about 92% of the free float market capitalization of the stocks listed on the NSE and it also represents approximately 82% of the traded value of all stocks on NSE.

Therefore, we do most of our Analytics around broader indices viz. Nifty 500 or BSE 500, the Fund House said.

Rupee opened flat at 87.36 against the US dollar. It closed at 87.36 on Monday.

Source: Bloomberg

Over 5.98 million shares of Avanti Feeds were traded via a block deal on Tuesday. The company has 4.39% of equity change hands in a block trade

The Nifty March futures were down 0.06% to 22,259.80 at a premium of 140.5 points, with the open interest up 0.24%.

The open interest distribution for the Nifty 50 March 6 expiry series indicated most activity at 23,000 call strikes, and the 20,800 put strikes had the maximum open interest.

The US Dollar index is up 0.05% at 106.6.

Euro was up 0.06% at 0.9541.

Pound was down 0.11% at 1.2690.

Yen was down 0.15% at 149.27.

Stocks in the Asia-Pacific region opened higher on Monday, shrugging off concerns about tariffs on Canada, Mexico and China, while European leaders pledged support for Ukraine.

Japan's Nikkei rose 0.71%, or 276 points, to 37,423, while Australia's S&P ASX 200 was up 0.17% at 8,186 as of 6:28 a.m. Future contracts in China and Hong Kong hinted at a negative start.

Stocks in China will face a renewed test as top officials will meet to discuss economic priorities, with hopes running high for further stimulus. The yuan has gained by 0.6% this year, while a gauge of the nation’s equities has jumped more than 12%, according to Bloomberg.

Stocks on Wall Street ended the volatile session higher, while treasuries extended February’s rally. The S&P 500 rose 1.59% and the Nasdaq 100 advanced 1.63%. The Dow Jones Industrial Average rose by 1.39% on Friday.

Stock Market Today: All You Need To Know Going Into Trade On March 4

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

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