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Stock Market Crash LIVE: Sensex pare losses, recover 600 pts from day's low, Nifty down 0.5%; Reliance share up 1%

Published on 12/03/2026 08:28 AM

Stock Market Crash LIVE: The Indian stock market’s benchmark indices, the Sensex and Nifty 50, pared some early morning losses but continued to trade in the red on Thursday, March 12. The recovery was led by gains in index heavyweight Reliance Industries.

However, the indices remained weak tracking weak global cues as a sharp rise in crude oil prices heightened inflation concerns and investors remained cautious amid escalating tensions between the US and Iran in the Middle East. This comes after an around 1.7% fall in the indices in the previous session.

Sensex cracked as much as 992.53 points or 1.3% to its day's low of 75,871.18 while the Nifty 50 fell 298.15 points or 1.25% to 23,556.30.

Sensex later pared gains, and recovered 600 points to day's high of 76,522.99, sill down around 400 points. Nifty also traded 0.5% lower.

Investors' wealth has fallen by a solid ₹14 lakh crore, as the overall market capitalisation of BSE-listed firms dropped to nearly ₹436 lakh crore from nearly ₹450 lakh crore on Friday.

Meanwhile, Asian markets traded lower on Thursday, following overnight losses on Wall Street, amid surging crude oil prices and escalating US-Iran war. Japan’s Nikkei 225 declined 1.6%, while the Topix fell 1.34%. South Korea’s Kospi dropped 0.75%. Hong Kong Hang Seng index futures indicated a lower start.

Oil prices surged to over $100 per barrel after Iraqi security officials said Iranian explosive-laden boats struck two fuel-oil tankers, amid broader supply disruptions stemming from the U.S.-Israeli conflict with Iran. Officials also said oil ports had “completely stopped operations.”

Markets remained unsettled despite the International Energy Agency’s plan to release 400 million barrels from its reserves — the largest move in its history — along with the U.S. commitment to supply 172 million barrels starting next week as part of the coordinated effort.

At 8:25 AM, the April contract of benchmark Brent crude on the Intercontinental Exchange was at $100.09 per barrel, higher by 8.82%.

The escalating conflict in the Middle East has kept investors on edge as they evaluate its potential impact on inflation and the risk of prolonged pressure on global oil supplies.

Gold and silver prices slipped marginally on Thursday as a stronger dollar and fading hopes of near-term interest rate cuts continued to pressure the metal. Expectations for rate cuts weakened after higher oil prices and recent US inflation data signalled persistent price pressures.

MCX silver rate fell 0.86% to ₹2,66,174 per kg while MCX gold price was down o.4% to ₹1,61,081 per 10 grams.

Sensex Crash Today LIVE: The Indian stock market’s benchmark indices, the Sensex and Nifty 50, pared some early morning losses but continued to trade in the red on Thursday, March 12. The recovery was led by gains in index heavyweight Reliance Industries.

However, the indices remained weak tracking weak global cues as a sharp rise in crude oil prices heightened inflation concerns and investors remained cautious amid escalating tensions between the US and Iran in the Middle East. This comes after an around 1.7% fall in the indices in the previous session.

Sensex cracked as much as 992.53 points or 1.3% to its day's low of 75,871.18 while the Nifty 50 fell 298.15 points or 1.25% to 23,556.30.

Sensex later pared gains, and recovered 600 points to day's high of 76,522.99, sill down around 400 points. Nifty also traded 0.5% lower.

Sensex Crash Today LIVE: Omnitech Engineering share price surged by over 6% on Thursday, March 12, after the company secured an order worth ₹920 crore from Weatherford Products GmbH.

The contract was obtained through a master purchase agreement and is scheduled for execution over five years. A meeting of the company's board of directors is planned for March 14, 2026, to review, approve, and record the standalone and consolidated unaudited financial results for the third quarter and nine months concluding on December 31, 2025.

Omnitech Engineering shares made their market debut on March 5. The small-cap stock closed at almost a 10% discount compared to the issue price of ₹227.

Sensex Crash Today LIVE: Shares of Adani Total Gas zoomed over 14% in intraday deals on Thursday, March 12, defying the slump in the Indian stock market, amid concerns over tightening natural gas supplies in India due to escalating geopolitical tensions in the Middle East.

The stock rose as much 14.19% intraday to ₹650 apiece on the BSE. This was the second day of gains for the Adani group company after it rallied 20% in the last trading session.

Sensex Crash TodaLIVE: The rupee depreciated 31 paise to 92.32 against the US dollar in early trade on Thursday, pressured by FII outflows, rising global crude oil prices and a stronger greenback as the conflict in West Asia showed no signs of relenting.

A weak start to the session at the domestic equity markets further weighed on the local unit, according to traders.

At the interbank foreign exchange, the rupee opened at 92.25 against the US dollar and slipped further to 92.32, down 31 paise from its previous close.

The local unit declined 16 paise to settle at 92.01 against the US dollar on Wednesday.

Stock Market Crash LIVE: Investors' wealth has fallen by a solid ₹14 lakh crore, as the overall market capitalisation of BSE-listed firms dropped to nearly ₹436 lakh crore from nearly ₹450 lakh crore on Friday.

Stock Market Crash LIVE: VK Vijayakumar, Chief Investment Strategist, Geojit Investments said:

"For investors, markets can be very frustrating during certain times. This is one such time. The lesson from market history is that attitude and temperament are important in these trying times. Experiences from previous geopolitical conflicts tell us that markets bounce back smartly once the conflicts get over. Therefore, investors should remain invested and continue with systematic investment plans.

Long term investors can use market weakness to slowly accumulate high quality bluechips across sectors. This is also the right time to churn portfolios in favour of high quality stocks."

Stock Market Crash LIVE: Renisha Chainani said, “Precious metal prices are currently influenced by competing macro forces. On one side, escalating geopolitical tensions in the Middle East are sustaining demand for safe-haven assets. On the other hand, the strengthening U.S. dollar and rising Treasury yields are limiting the metal’s upside, as higher yields increase the opportunity cost of holding non-yielding assets like gold.”

For silver, Chainani said the metal remains on a strong footing after reaching the $90 mark and continues to show upward momentum. She indicated that the next upside target is around $95, which is roughly ₹2,85,000. On the downside, strong support is placed near $80, or around ₹2,60,000, suggesting that any short-term corrections could attract fresh buying interest.

Stock Market Today LIVE: VK Vijayakumar, Chief Investment Strategist, Geojit Investments said:

“External headwinds have pushed the market into a weak zone. With the war continuing to rage with no signs of let up and Brent crude again bouncing back to $100 levels, the weakness is likely to persist. Even though DIIs are continuously buying in the market, DII buying is not helping the market to recover since FIIs are sustained sellers and show no signs of reversing their strategy in this uncertain global environment.”

Stock Market Today LIVE: The Indian stock market’s benchmark indices, Sensex and Nifty 50, opened lower on Thursday, mirroring weak global cues as a surge in crude oil prices fuelled inflation concerns and investors stayed cautious amid escalating tensions between the US and Iran in the Middle East. The weak start followed a sharp decline of about 1.7% in both indices in the previous session.

Sensexo opened over 950 points lower while Nifty was down 1.2% around 24,500.

Stock Market Today LIVE: Silver prices slipped marginally on Thursday as a stronger dollar and fading hopes of near-term interest rate cuts continued to pressure the metal. Expectations for rate cuts weakened after higher oil prices and recent US inflation data signalled persistent price pressures. Gold prices also slipped marginally.

MCX silver rate fell 0.86% to ₹2,66,174 per kg while MCX gold price was down o.4% to ₹1,61,081 per 10 grams.

Spot silver slipped 0.3% to $85.49 per ounce. Spot gold eased 0.1% to $5,172.86 per ounce as of 0221 GMT after falling over 1% in early deals, while US gold futures for April delivery were unchanged at $5,178.

Among other precious metals, spot platinum gained 0.1% to $2,171.19 per ounce and palladium rose 0.8% to $1,650.52.

Stock Market Today LIVE: Bank Nifty index slumped 1,215.05 points, or 2.13%, to close at 55,735.75 on Wednesday, forming a large bearish candle, indicating renewed selling pressure.

“For Bank Nifty, the immediate support is placed in the 55,400 – 55,300 zone. Any sustainable move below this zone could result in Bank Nifty extending its weakness towards 54,900, followed by 54,500 in the short term. On the upside, the zone of 56,100 – 56,200 zone is likely to act as a strong resistance,” said Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.

Stock Market Today LIVE: US treasury yields rose on Wednesday as higher oil prices stoked inflation fears and pushed back expectations for Federal Reserve rate cuts. The 2-year note yield was up 6.3 basis points at 3.632%, after earlier reaching 3.648%, the highest since September 26. The benchmark US 10-year yield rose 7 basis points to 4.206% and earlier got to 4.226%, the highest since February 9.

Stock Market Today LIVE: US consumer prices rose moderately in February. The Consumer Price Index (CPI) rose 0.3% last month after gaining 0.2% in January. In the 12 months through February, the CPI advanced 2.4%, matching January’s increase. The increase in the CPI was in line with economists’ expectations. US inflation data dampened expectations of interest rate cuts by the Federal Reserve.

Stock Market Today LIVE: US stock market ended mixed on Wednesday as markets largely looked past a tame inflation report, amid cautiousness over the US-Israeli war on Iran.

The Dow Jones Industrial Average declined 289.24 points, or 0.61%, to 47,417.27, while the S&P 500 fell 5.68 points, or 0.08%, to 6,775.80. The Nasdaq Composite closed 19.03 points, or 0.08%, higher at 22,716.14.

Stock Market Today LIVE: Nifty 50 formed a bearish candle on the daily chart, and continues to trade below its key moving averages, indicating that the broader trend remains weak.

“A long bear candle was formed on the daily chart which indicates sharp reversal of Nifty 50 on the downside, after forming a new lower top around 24,300 levels on Tuesday. The opening downside gap of 9th March remained partially filled. This is not a good sign,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the near-term trend of Nifty 50 seems to have reversed down after a reasonable bounce back. “As per the negative chart pattern like lower tops and bottoms, Nifty 50 is expected to slide below the recent swing low of 23,697 in the short term. Immediate resistance is placed at 24,050 levels,” said Shetti.

Stock Market Today LIVE: In the derivatives market, notable put writing was seen at the 23,700 strike, while heavy call writing appeared at the 24,000 strike, indicating that traders expect the index to trade within this range in the near term.

“Considering the current setup, traders are advised to remain cautious near key support levels and avoid aggressive directional trades until the index manages to break above the resistance zone,” said Hitesh Tailor, Research Analyst - Research at Choice Equity Broking.

Stock Market Today LIVE: Sensex formed a long bearish candle on daily charts and is also holding a lower top formation, indicating further weakness from the current levels.

“For day traders, as long as Sensex is trading below 77,500, a weak sentiment is likely to continue. On the lower side, the index may retest the level of 76,300. Further downside could continue, dragging Sensex till 76,000 - 75,800. On the flip side, above 77,500, a pullback move could extend up to 78,000,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.

Stock Market Today LIVE: Oil prices surged as much as 8.2 percent after Iraqi security officials said Iranian explosive-laden boats struck two fuel-oil tankers, amid broader supply disruptions stemming from the U.S.-Israeli conflict with Iran. Officials also said oil ports had “completely stopped operations.”

Markets remained unsettled despite the International Energy Agency’s plan to release 400 million barrels from its reserves — the largest move in its history — along with the U.S. commitment to supply 172 million barrels starting next week as part of the coordinated effort.

Brent crude futures climbed $6.5, or 7.13 percent, to $98.5 per barrel at 0200 GMT, while U.S. West Texas Intermediate (WTI) crude rose $6.1, or 7.1 percent, to $93.43 per barrel.

The escalating conflict in the Middle East has kept investors on edge as they evaluate its potential impact on inflation and the risk of prolonged pressure on global oil supplies.

Stock Market Today LIVE: Gold prices were trading marginally lower on Thursday, March 12, while the silver rate today edged higher after the release of monthly US inflation data dampened expectations of interest rate cuts by the Federal Reserve, even as the conflict in the Middle East continues.

Spot gold rate today fell 0.39% to $5,159 per ounce, slipping below the $5,200 level. Meanwhile, spot silver was trading 0.12% higher at $85.65 per ounce during Asian trading hours on Thursday.

Stock Market Today LIVE: Trends in Gift Nifty also pointed to a weak start for the domestic benchmark index. Gift Nifty was trading around the 23,819 level, indicating a discount of nearly 120 points compared with the previous close of Nifty futures.

Stock Market Today LIVE: The Indian stock market’s benchmark indices, the Sensex and Nifty 50, are expected to open lower on Thursday, tracking weak global cues as a sharp rise in crude oil prices heightened inflation concerns and investors remained cautious amid escalating tensions between the US and Iran in the Middle East.Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior...

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