Mumbai, March 3, 2025 – Indian stock markets reversed early gains to trade in the red on Monday, as IT, telecom, and financial services stocks dragged indices down. Despite opening strong, the BSE Sensex fell by 208.37 points (0.28%) to 72,989.73, while the NSE Nifty dropped 50.05 points (0.23%) to 22,074.65 by mid-morning.
Top Losing Stocks
Among the 30 Sensex stocks, Reliance Industries led the decline, falling 3.14% to ₹1,161.95. IndusInd Bank followed, dropping 2.47% to ₹964.50, while Zomato lost 2.30%, trading at ₹216.65. In total, 16 of the 30 Sensex stocks were in negative territory.
Sectoral Performance
The biggest sectoral loser was the Nifty Midsmall IT & Telecom Index, which fell 1.84% to 8,619.35. Other major declines were seen in Nifty Media (-1.74%) at 1,362.70 and Nifty Realty (-1.64%) at 13,595.70.
Market Opened in Green Before Slide
Earlier in the day, markets opened with strong gains as auto, metal, and real estate stocks led the rally. At 9:20 am, the Sensex was up 417.56 points (0.57%) at 73,615.66, while Nifty rose 127.75 points (0.58%) to 22,252.45.
Among Sensex stocks, UltraTech Cement surged 3% to ₹10,417.35, followed by Mahindra & Mahindra (+2.72%) at ₹2,654.40 and Larsen & Toubro (+1.66%) at ₹3,217.35.
Sector-wise, Nifty Auto gained 1.37% to 20,779.90, while Nifty Metal (+1.24%) and Nifty Realty (+1.15%) also showed strength.
However, last week’s market crash, triggered by US President Donald Trump’s tariff threats, still weighed on investor sentiment, leading to the downturn in mid-morning trade.
