The month of March was remarkable for Dalal Street, as, after a dip in its prospects earlier in the year, in 2025, the bulls were on parade at NSE and BSE.
Marching March
The marquee indices, the BSE Sensex and NSE Nifty, both marked major gains in the third month of the year and the last month of the fiscal year.
The BSE Sensex index, the oldest of them all, closed for the month on March 28 at 77,414.92 after making gains of 5.76 per cent or 4,216.82 points.
Meanwhile, the state of affairs was even more spectacular at NSE Nifty, as the index soared by 6.30 per cent or 1,394.65 points, pushing the overall value of the index to 23,519.35 points.
Nifty IT’s Decline
However, in this period of boom amid the chaos in the global market, there were some outliers. One of the most glaring outliers was the sectoral index of Nifty IT or the tech index.
The Nifty IT index has had one of the worst time at the bourse.
The index has dropped in value by 1.16 per cent or 432.15 points, in the past month, taking its overall value to 36,886.15 points.
Who Were The Biggest Contributors?
Amid volatility surrounding Trump’s tariffs, one of the worst hit sectors at Dalal Street was the IT segment.
LTI Mindtree, a major player in the industry, was one of the biggest losers, with cumulative losses of 3.80 per cent or Rs 177.10 in March, taking the overall value to Rs 4,488.85.
Now, when we look at the bigwisg, the cuts are even bigger. Infosys, one of the biggest names in the business, slumped to Rs 1,569.00. This came to pass after a total decrease of 7.03 per cent or Rs 118.70 in its total value.
TCS was an outlier in the mix of red stocks. | (Photo Courtesy: Wikipedia)
Another Bengaluru-based tech firm, Wipro, also saw its value declining. The company shares shrunk by 5.46 per cent or Rs 15.15, taking the overall value of the company stocks to Rs 262.50 per piece.
The Pune-based Tech Mahindra closed for the month with cuts as well. The company shares contracted by Rs 72.85 or 4.90 per cent, closing Friday on Rs 1,415.00 per share.
It was not all gloom, as the biggest Indian tech firm, TCS, closed for the month in green. The Mumbai-based company made gains of 3.47 per cent or Rs 120.75, taking the overall value of the stock to Rs 3,604.00.
