The National Stock Exchange of India witnessed a challenging day in the stock market as both the Nifty and Sensex closed in the red zone. The session saw varied performances from different stocks, with notable gains from Power Grid, Hindustan Unilever, Infosys, Nestlé India, and ITC. Conversely, stocks like IndusInd Bank, Zomato, Larsen & Toubro, Titan, and Mahindra & Mahindra faced significant losses by the end of the trading day.

One of the notable underperformers during the session was Ola, an electric vehicle maker, whose share price plummeted due to reports of government raids on its showrooms for regulatory violations related to trade certificates.

In the broader market context, there were key developments to monitor. China’s imposition of retaliatory tariffs on certain U.S. imports and Canadian agricultural goods added to the global trade tensions. Additionally, foreign institutional investors continued their selling trend in the Indian equity markets, marking the sixth consecutive month of selling.

Looking ahead, investors are keenly awaiting India’s Consumer Price Index (CPI) data for February 2025, which is expected to provide insights into inflation trends. This data release will be closely watched for its impact on market sentiment and monetary policy expectations.

Throughout the day, market dynamics fluctuated, with midcap and small-cap stocks experiencing notable declines, contributing to the overall negative sentiment in the market. Various sectors displayed mixed performances, with FMCG, metal, and telecom sectors showing strength, while consumer durables, capital goods, and PSU banks faced mild declines.

In the midst of these market movements, individual stocks like Power Grid Corporation, Tata Power, and Gensol Engineering witnessed significant price actions driven by company-specific news and market sentiment.

As the trading day came to a close, the Sensex closed at 74,115.17, down 0.29%, while the Nifty settled at 22,460.30, down 0.41%. The market’s performance reflected the broader economic uncertainties and geopolitical developments influencing investor behavior and market trends.