Sensex Sees 2nd Day of Losses
2026-03-12 11:46
By
Luisa Carvalho
1 min. read
India’s BSE Sensex closed about 1.1% down at 76,034 on Thursday, the lowest since April 2025, marking the second consecutive day of losses.
Market sentiment was dampened by rising oil prices due to the Middle East conflict, sustained foreign outflows and renewed trade worries.
The US administration said on Wednesday it was opening a new investigation into unfair trade on 16 countries, including India, rebuilding tariff pressure.
Auto stocks led broad-based sectoral losses, with Mahindra & Mahindra (-4.2%) and Maruti (-3.6%) down sharply, amid concerns over higher crude oil prices and global supply disruptions.
Capital goods major Larsen & Toubro fell over 3%.
Heavyweight financials and private banks fell 1% and 1.6%, respectively.
Bucking the trend, power stocks such as NTPC (2.8%) and Power Grid (1.6%) led gains, supported by expectations of a surge in electricity demand amid an unusually early summer.