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Indian equities opened lower on Tuesday, following a broad sell-off across Asian markets after Wall Street took a hit overnight
Sensex Today
Sensex Today: Benchmark equity indices shrugged off global market concerns and staged a recovery on Tuesday, supported by gains in Reliance Industries, ICICI Bank, and Bharti Airtel. Global markets remained under pressure amid concerns over a potential US recession.
The BSE Sensex opened the day with a loss of 371 points and quickly dropped to its lowest point of 73,664. However, buying interest gradually picked up, helping the index recover to a high of 74,187. The Sensex ultimately closed at 74,102, down by 13 points.
The NSE Nifty 50 index moved within a range of just over 200 points, starting at 22,315 and rising to 22,522 before finishing with a gain of 38 points at 22,498.
Among individual Sensex stocks, IndusInd Bank saw a sharp 27% drop after revealing discrepancies in its derivatives portfolio following an internal review. The bank estimated an impact of Rs 1,577 crore, or roughly 2.35%, on its net worth.
Global Cues
The decline was triggered by US President Donald Trump’s refusal to comment on whether a recession was imminent, amid growing worries over his tariff policies, which added to investor fears about global economic stability.
Dow Jones tanks 900 points, Nasdaq sees worst day since September 2022
The Dow Jones fell nearly 900 points on Monday, March 10, as Wall Street witnessed a painful trading session over looming fears of a recession in the US. This is the biggest single-day fall of 2025 for the 30-stock index.
The S&P 500 fell nearly 3% and has now declined to a six-month low, the lowest since September last year. The Nasdaq, the tech-heavy index also fell 4%, reporting its biggest single-day fall since September 2022.
At one point during the session, the Dow Jones was down 1,100 points.
With Monday’s fall, the S&P 500 is nearing correction territory, having declined 9% from its top. A 10% fall from the top indicates entering “correction territory.” The Nasdaq Composite has now corrected 14% from its recent peak, while the Russell 2000 is on the verge of entering a bear market, having declined 18% from its recent highs. A 20% fall from the peak indicates a “bear market.”
Ongoing uncertainty surrounding US tariffs has intensified inflation concerns in the world’s largest economy, further affecting global growth and dragging down equity markets across the globe year-to-date.
Reflecting similar losses, shares in the Asia-Pacific region plunged by as much as 3% in Tuesday morning trading. Japan’s Nikkei fell 2.6%, with the revised Q4 GDP update showing a growth of 2.2%, below the expected 2.8%.
The Taiwan Weighted Index also dropped nearly 3%, while both the Hang Seng and Kospi lost over 2% each. The Straits Times Index saw a decline of 1.5%, and Australia’s ASX 200 and All Ordinaries were down by up to 2% each.
