Sensex, Nifty Open Higher But Slip; IT Stocks Drag, Reliance & Airtel Gain
Date: 12-mar-2025
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.
