Stock market today: Which are the top gainers and losers on March 9? Check list

Benchmark equity indices Sensex and Nifty ended sharply lower on Monday, as surging crude oil prices and weak global cues triggered a broad-based sell-off amid escalating tensions in Middle East.The 30-share BSE Sensex plunged 1,352.74 points, or 1.71%, to settle at 77,566.16, marking its second straight day of decline. During the session, the index had slumped as much as 2,494.35 points, or 3.16%, to 76,424.55.Similarly, the 50-share NSE Nifty dropped 422.40 points, or 1.73%, to close at 24,028.05. In intra-day trade, the benchmark had tumbled 752.65 points, or 3.07%, to 23,697.80. The sharp fall was largely driven by a surge in global oil prices and risk-off sentiment across global markets.

Nifty50 top gainers

Nifty50 top losers

BSE Sensex top gainers

BSE Sensex top losers

Meanwhile, Brent crude, the global oil benchmark, jumped 12.34% to $104.1 per barrel, intensifying concerns about inflation and external balances for oil-importing economies like India.“Indian equity markets ended the session sharply lower after opening with a steep gap-down of nearly 3 per cent, as weak global cues and the deepening conflict in the Middle East weighed heavily on investor sentiment.“The escalation in geopolitical risks pushed crude oil prices above the USD 100 per barrel mark and drove the Indian rupee to a record low against the US dollar, amplifying concerns around inflation and external balances,” said Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm.The weakness was also reflected across Asian markets. South Korea’s Kospi plunged 5.96%, while Japan’s Nikkei 225 dropped 5.20%. Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index also closed in negative territory.Markets in Europe were trading sharply lower in mid-session deals, reflecting the broader global risk-off sentiment.On Wall Street, US markets had ended sharply lower on Friday, adding to the negative cues.Foreign institutional investors (FIIs) continued to pull out funds from domestic equities, offloading stocks worth Rs 6,030.38 crore on Friday, according to exchange data. In contrast, domestic institutional investors (DIIs) bought equities worth Rs 6,971.51 crore in the previous session.On Friday, the Sensex had tumbled 1,097 points, or 1.37%, to close at 78,918.90, while the Nifty had dropped 315.45 points, or 1.27%, to settle at 24,450.45.For the previous week, the BSE benchmark had fallen 2,368.29 points, or 2.91%, while the Nifty declined 728.2 points, or 2.89%, reflecting growing global market volatility.