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HomeMarket NewsSensex Today | Stock Market Highlights: Sensex ends below 1,353 pts, Nifty closes at 24,028 as global jitters spark broad selloff
By CNBCTV18.COM | Mar 9, 2026 3:47 PM IST (Updated)
Stock Market LIVE Updates: The markets, on expected lines, are trading in a sea of red. The Nifty index is down over 600 points, falling below the 24,000 level. The Nifty Bank is down a mammoth 2000 points. IndiGo, Shriram Fin and SBI are the biggest losers today.
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Stock Market Highlights: Benchmark indices closed sharply lower on Monday, tracking weakness in global markets and broad-based selling across sectors. The Sensex plunged 1,353 points to settle at 77,566, while the Nifty50 declined 422 points to close at 24,028, with both indices falling over 1.5% for the day.
Selling pressure was widespread, with 25 of the 30 Sensex constituents ending in the red and 42 Nifty stocks closing lower, including 12 stocks declining more than 3%. Market breadth remained firmly negative, with the NSE advance-decline ratio at 1:6, indicating strong dominance of declines.
Banking stocks were among the worst hit during the session. Nifty Bank slumped 1,763 points to 50,020, dragged down by steep losses in IDFC First Bank, Federal Bank, and IndusInd Bank, which emerged as the top losers within the index. Meanwhile, the Midcap index dropped 1,128 points to end at 56,266.
All sectoral indices ended in the red, with Nifty PSU Bank and Nifty Auto leading the declines. However, IT stocks bucked the broader market trend, with Wipro, LTIMindtree, and Infosys finishing among the top gainers on the Nifty.
Energy stocks also faced selling pressure after crude oil prices surged past $100 per barrel. IOC, BPCL, and HPCL declined up to 6% amid concerns about rising input costs.
In the broader market, IDBI Bank, MRPL, Bank of Maharashtra, and NLC India were among the top midcap losers, falling 5–9%. PG Electroplast plunged over 13% after the company warned of constrained gas supply, while Meesho hit the 10% lower circuit after receiving an ₹1,500 Cr income tax demand notice.
The session also saw a spike in volatility, with the India VIX jumping over 23% amid the broad market selloff. During the day, the Nifty briefly breached the 23,700 mark intraday before recovering slightly to close above 24,000.
Adding to investor concerns, the Indian rupee weakened to a record low of 92.35 against the US dollar during the session. The sharp selloff also wiped out more than ₹8 Lakh Cr in market capitalisation of BSE-listed companies.
Watch this space for all the LIVE stock market updates.
