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Indices remain under deep pressure in late morning deals
Mar-19-2026

Domestic equity indices remained under deep pressure and were trading with cut of over 2.20 percent in late morning deals on account of selling by funds and retail investors. Rising crude oil prices and weak cues from the global market weighed on the domestic sentiments. Crude oil prices rose as Middle East remains on the boil with strikes on energy infrastructure in the region fanning fears of a supply crunch. Qatar said that Iranian missile strikes has damaged a key liquefied natural gas export facility. Further, sentiments remained weak as Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,714.35 crore on Wednesday, according to exchange data. Meanwhile, the India VIX surged to 21.57, reflecting a 15.20 percent jump in market volatility. 

On the global front, Asian markets were trading in red following negative cues from the US markets overnight. Back home, all the sectoral indices on the BSE were trading in red led by Realty, Bankex, Consumer Durables, IT and Auto. 

The BSE Sensex is currently trading at 74942.35, down by 1761.78 points or 2.30% after trading in a range of 74685.52 and 75354.18. There was 1 stock advancing against 29 stocks declining on the index.

The top losing sectoral indices on the BSE were Realty down by 3.02%, Bankex down by 2.71%, Consumer Durables down by 2.58%, IT down by 2.58% and Auto down by 2.58%, while there were no gainers on sectoral indices. 

The only gainer on the Sensex was Power Grid up by 0.30%. On the flip side, Eternal down by 5.17%, HDFC Bank down by 4.67%, Bajaj Finance down by 4.31%, Larsen & Toubro down by 4.29% and Interglobe Aviation down by 3.32% were the top losers.

Meanwhile, amid the current and evolving liquidity conditions of the banking system, the Reserve Bank of India (RBI) is all set to inject Rs 75,000 crore worth of liquidity in the banking system. It will conduct a three-day variable rate repo (VRR) auction on March 20.

Currently, the banking system is estimated to have liquidity surplus of around Rs 81,963.69 crore. Besides, on March 17, the RBI injected Rs 48,014 crore of transient liquidity into the banking system through a seven-day VRR auction

Before this, RBI had infused Rs 3.50 lakh crore durable liquidity into the banking system through open market purchase (OMO) of government securities. The RBI has been infusing heavy liquidity into the banking system in the last few months in order to keep overnight rates under check.

The CNX Nifty is currently trading at 23246.45, down by 531.35 points or 2.23% after trading in a range of 23180.95 and 23378.70. There were 3 stocks advancing against 47 stocks declining on the index.

The few gainers on Nifty were ONGC up by 1.53%, Coal India up by 0.75% and Power Grid up by 0.03%. On the flip side, Shriram Finance down by 5.12%, Eternal down by 5.08%, HDFC Bank down by 4.69%, Bajaj Finance down by 4.39% and Larsen & Toubro down by 4.22% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 2071.4 points or 3.75% to 53,168.00, Taiwan Weighted lost 658.9 points or 1.92% to 33,689.68, Shanghai Composite weakened 51.15 points or 1.26% to 4,011.83, KOSPI dropped 168.96 points or 2.85% to 5,756.07, Hang Seng declined 569.42 points or 2.19% to 25,456.00 and Straits Times fell 40.32 points or 0.81% to 4,961.85.
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