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Markets continue to trade lower in late afternoon session
Mar-12-2026

Benchmarks continued to trade lower in late afternoon session as crude oil price regained strength amid persisting West Asia conflict. Besides, Trump administration’s new trade probe raised uncertainty sounding US trade tariffs. The Trump administration has opened a new trade investigation into manufacturing in foreign countries -- an effort that comes after the Supreme Court struck down President Donald Trump's previous use of tariffs by declaring an economic emergency. Moreover, persistent fund outflows by the foreign investors kept the trading sentiments subdued. The foreign institutional investors have net sold equites worth Rs 6,267.31 crore on Wednesday’s session.

On the global front, all Asian and European equity markets were trading lower as jump in crude oil prices raised concerns of higher inflation.

The BSE Sensex is currently trading at 76382.07, down by 481.64 points or 0.63% after trading in a range of 75871.18 and 76681.71. There were 8 stocks advancing against 21 stocks declining on the index.

The top gaining sectoral indices on the BSE were Utilities up by 3.64%, Power up by 2.64%, Energy up by 1.61%, PSU up by 1.23% and Oil & Gas up by 0.98%, while Auto down by 2.35%, FMCG down by 1.52%, Consumer Discretionary down by 1.13%, Realty down by 0.85% and Bankex down by 0.70% were the top losing indices on BSE.

The top gainers on the Sensex were NTPC up by 3.12%, Power Grid Corporation up by 1.71%, Tech Mahindra up by 1.28%, Titan Company up by 0.84% and Reliance Industries up by 0.81%. On the flip side, Mahindra & Mahindra down by 3.56%, Maruti Suzuki down by 2.79%, Ultratech Cement down by 2.59%, Bajaj Finance down by 2.56% and Trent down by 2.29% were the top losers.

Meanwhile, Textiles Minister Giriraj Singh has asked Indian textile industry to capture at least $200 billion export opportunities from expected $465 billion market access opening through Free Trade Agreements (FTAs) being finalized by India with regions like the EU, UK, and Australia. 

The minister also urged the industry to focus on promoting manufacturing of machines for the sector as India is weak in that. He added that India is strong in natural fibres and the country can become a global hub for their supply in the coming years. 

He also said that the upcoming four-day Bharat Tex 2026, scheduled to commence on July 14 at Bharat Mandapam, will act as a single largest global platform for domestic players as it brings together the entire textile value chain, ranging from fibre and yarn to fabrics, garments, technical textiles, and sustainable innovations.

The CNX Nifty is currently trading at 23738.30, down by 128.55 points or 0.54% after trading in a range of 23556.30 and 23833.15. There were 15 stocks advancing against 35 stocks declining on the index.

The top gainers on Nifty were Coal India up by 5.54%, NTPC up by 3.16%, JIO Financial Services up by 1.95%, Adani Enterprises up by 1.93% and Power Grid Corporation up by 1.72%. On the flip side, Mahindra & Mahindra down by 3.63%, Eicher Motors down by 3.18%, Maruti Suzuki down by 2.76%, Ultratech Cement down by 2.63% and Bajaj Finance down by 2.61% were the top losers.

All Asian equity markets were trading lower; Nikkei 225 slipped 811.37 points or 1.5% to 54,214.00, Taiwan Weighted lost 532.33 points or 1.59% to 33,581.86, Hang Seng declined 160.76 points or 0.62% to 25,738.00, KOSPI dropped 26.70 points or 0.48% to 5,583.25, Straits Times fell 5.21 points or 0.11% to 4,858.60, Shanghai Composite weakened 4.33 points or 0.1% to 4,129.10 and Jakarta Composite plunged 14.92 points or 0.2% to 7,374.48.

All European equity markets were trading lower; UK’s FTSE 100 decreased 55.9 points or 0.54% to 10,297.87, France’s CAC fell 58.01 points or 0.72% to 7,983.80 and Germany’s DAX lost 105.43 points or 0.45% to 23,534.60.
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