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Top gainers and losers on March 11: SENSEX falls for third day in a row; IndusInd Bank plunges 27%
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4 min read | Updated on March 11, 2025, 17:27 IST
SUMMARY
Gains in ICICI Bank, Bharti Airtel, Reliance Industries and Sun Pharma were offset with losses in IndusInd Bank, Infosys, Mahindra & Mahindra and Axis Bank on Tuesday.
Stock list
As many as 33 shares in the NIFTY50 basket of shares ended higher while 17 closed lower.
The Indian equity benchmarks ended Tuesday's session on a mixed note as the 30-share SENSEX fell for third day in a row while NIFTY50 index ended higher. The benchmarks for most part of the day traded in a rangebound fashion with SENSEX moving in a band of 531 points and NIFTY50 index touched an intraday high of 22,522.10 and low of 22,314.70 as gains in ICICI Bank, Bharti Airtel, Reliance Industries and Sun Pharma were offset with losses in IndusInd Bank, Infosys, Mahindra & Mahindra and Axis Bank.
Top gainers and losers
On the other hand, Trent was top NIFTY50 gainer, the stock advanced 4.13% to close at ₹4,998. Bharat Petroleum (3.02%), Sun Pharma (2.82%), Bharat Electronics (2.49%), ICICI Bank (2.41%) and Shriram Finance (2.16%) were also among the gainers.
Market statistics
As many as 4,091 stocks traded on the BSE on Tuesday. Out of this, 1,469 advanced and 2,501 stocks declined, while 121 scrips remained unchanged.
A total of 60 stocks hit their 52-week highs, while 233 stocks touched their one-year lows. Besides, 183 stocks hit their upper circuit limits, and 281 touched their lower circuit bands on Tuesday.
India VIX, the volatility gauge, stood at 14.02, rising 0.62%.
Broader market
The broader markets ended on a mixed note as Nifty Midcap 100 index rose 0.67% while Nifty Smallcap 100 index fell 0.80%.
Sector watch
Seven of 13 major sector gauges compiled by the National Stock Exchange ended higher led by the NIFTY Realty index's 3.63% gain. NIFTY Metal, Pharma, Financial Services, Oil & Gas and Consumer Durables indices also ended higher in range of 0.5-1%.
On the flipside, NIFTY Bank Private Bank index was top sectoral gainer, the index fell 1.38% dragged down by IndusInd Bank. NIFTY Bank, Nifty Auto, FMCG, IT and Media indices also fell between 0.1 to 0.75%.
Stocks in news
“A final report of the external agency is awaited, and based on which the bank will appropriately consider any resultant impact in its financial statements,” the bank said in a statement.
Shares of IndusInd Bank ended ₹656.80 apiece, plunging 27.06%.
The company, in an exchange filing, said: “Major orders include RF seekers, vessel and air traffic management systems, electro-optic repair facilities, radar upgrades, spares, services, etc.”
The stock ended 2.49% higher at ₹277.58.
“Each stock option is convertible into one fully paid-up equity share having a face value of ₹1 each,” the company said in an exchange filing on Tuesday. Its exercise price is ₹9 per stock option.
The stock closed 7.19% higher at ₹713.05.
In the US, the tech-heavy index, the Nasdaq Composite, dropped 727.90 points, or 4.00%, to 17,468.32. This impacted all the IT stocks in India as well.
The stock closed 2.02% lower at ₹1,667.
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