Finance
Stock Market Highlights on Wednesday, March 11, 2026: The Indian benchmark indices resumed their downward trend after a one-day break, as oil prices soared in foreign markets as the US-Iran confrontation escalated.
The Nifty50 closed 1.63 percent, or 394.75 points, lower at 23,866.85, while the Sensex fell 1.72 percent, or 1,342.27 points, to 76,863.71.
Three ships were struck by projectiles near Iran’s shore, according to news reports. One of them caught fire, forcing the on-board personnel to evacuate. Due to geopolitical tensions, supply via the critical chokepoint was nearly completely halted.
Brent crude prices rose 5.8% to ₹92.96 per barrel on the Intercontinental Exchange. It was trading 3.87 percent higher at ₹91.12 per barrel.
Broader markets closed lower. The Nifty MidCap and Nifty SmallCap indices closed 1.25 and 0.36 percent lower, respectively.
The Nifty Auto emerged as the worst-performing sectors index, falling by more than 3%. The Nifty Financial Services and Nifty Private Bank both underperformed.
The Nifty Pharma was the leading gainer among sectoral indices. The Nifty Oil and Gas and the Nifty Healthcare indexes closed higher.
Source: BS
