Ira Singh 
The domestic share market closed on a flat note on Tuesday, tracking a global risk-off sentiment after Wall Street ended lower overnight on heightened fears of a U.S. recession. Selling pressure was seen across all major sectors.At close, the Sensex was down 12.85 points or 0.02 percent at 74,102.32, and the Nifty was up 37.60 points or 0.17 percent at 22,497.90. About 1411 shares advanced, 2406 shares declined, and 115 shares unchanged.
Trent, Sun Pharma, ICICI Bank, Shriram Finance, BPCL were the top gainers on the Nifty, while losers included IndusInd Bank, Infosys, Bajaj Finserv, Power Grid Corp, M&M.BSE Midcap index was up 0.7 percent, while smallcap index was down 0.7 percent.On the sectoral front,metal, realty, telecom, oil & gas rose 0.5-3 percent, while auto, IT, bank fell between 0.3-0.7 percent each, according to information.
Rupee Close:
On 11 Mar'25,the Indian rupee recovered from steep losses and settled with a gain of 10 paise at 87.21 against the U.S. dollar on Tuesday as the American currency index fell to its four-month low level and crude oil prices also stayed subdued.A volatile trend in domestic equity markets and outflow of foreign capital amid fear of recession in the U.S. and trade-related uncertainties restricted the recovery in the local currency, forex traders reportedly stated.
Expert Outlook:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying despite significant selloffs in the U.S. and other Asian markets driven by concerns over an economic slowdown caused by the ongoing trade war, the domestic market is showing signs of a gradual recovery. Its relatively lower volatility can be attributed to a moderation in valuations following recent corrections, along with supportive factors such as falling crude oil prices, an easing Dollar Index, and expectations of a rebound in domestic earnings. These elements are expected to contribute to stability amid prevailing trade uncertainties. Meanwhile, attention remains on the upcoming retail inflation data, which could provide insights into potential interest rate cuts.
(Business Correspondent)
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