Nifty dips below 22,500 as last-hour selling weighs, Sensex also drops

The domestic share market indices ended lower on Monday, with the Nifty closing below 22,500,as selling in public sector banks, oil & gas, and auto stocks weighed on investor sentiment. While uncertainty over U.S. tariffs and China's economic slowdown weighed on Asian markets,, India's benchmark indices Sensex and Nifty gained during early hours on Monday, extending last week's biggest rally in three months.
At close, the Sensex was down 217.41 points or 0.29 percent at 74,115.17, and the Nifty was down 92.20 points or 0.41 percent at 22,460.30. About 1147 shares advanced, 2776 shares declined, and 140 shares unchanged.
Power Grid Corp, HUL, Infosys, SBI Life, Nestle India were the top gainers on the Nifty while losers included IndusInd Bank, Trent, ONGC, Eicher Motors, Bajaj Auto.
On the sectoral front, except FMCG, all other indices ended in the red with auto, Consumer Durables, Metal, Capital Goods, Oil & Gas, realty, PSU Bank down 1-2 percent. BSE Midcap index was down 1.5 percent, and smallcap index was down 2.1 percent, according to information.
Rupee Close: 
On 10 Mar'25 the Indian rupee ended 45 paise lower at 87.33 per US dollar on Monday, marking its biggest one-day drop in two weeks. The decline was driven by strong demand for the U.S. dollar as traders squared off their positions in the non-deliverable forwards (NDF) market. Additionally, the rupee faced pressure due to the weakness in the Chinese yuan, which affected broader sentiment in Asian currencies.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,global headwinds continue to drag the market sentiment, with the rise in US unemployment rates and tariffs leading to uncertainty, indicating that volatility is here to stay for the near term. The domestic macros are favouring investors to start accumulating the beaten-down stocks with caution in the short term, while the long term appears attractive. A slew of economic indicators this week, US and India CPI data, will be keenly watched by investors for any ease in the current volatility. Market experts recommended three stocks to buy Nestle India, UltraTech Cement, and TCS.

(Business Correspondent)