Closing Bell: Sensex Drops 72 pts, Nifty Down at 22,470 on Mar 12, Amid Trade Policy Shifts

The BSE Sensex closed at 74,029.76 down 72.56 points (-0.10%), while the Nifty 50 ended at 22,470.50, falling 27.40 points (0.12%).

US President Donald Trump initially announced a plan to double tariffs on Canadian steel and aluminium imports but later reversed his decision within hours, as per news reports.

Sectoral Performance

NIFTY IT index experienced a notable decline, dropping 2.91% to 36,310.65, reflecting weakness in the technology sector.

In contrast, the NIFTY Financial Services index showed resilience, gaining 0.54% to 23,327.90.

Top Gainers and Losers

IndusInd Bank’s stock rose by 4.38%, reaching ₹684.7. Tata Motors followed with a 3.12% increase, closing at ₹668.3.

On the other hand, Infosys and Wipro were among the top losers. Infosys fell by 4.26% to ₹1,590.85, while Wipro declined 3.31% to ₹268.55.

Oil Prices

As of March 12, 2025, at 03:30 PM, Brent Crude was trading at $69.93, up by 0.53%.

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