After starting the day on a negative note, the benchmarks dragged further as the session progressed and ended the day on a weak note.

Benchmark Indian equity indices ended their 7th day of winning streak to settle in the red on Wednesday, led by profit booking across the counters.

At the closing bell, the BSE Sensex stood lower by 728 points (down 0.9%).

Meanwhile, the NSE Nifty closed lower by 181 points (down 0.%).

Trent, HCL Techa, and Grasim Industries were the top gainers today.

BPCL, NTPC, and Cipla, on the other hand, were among the top losers today.

The GIFT Nifty ended at 23,510, down by 169 points.

The BSE Mid Cap ended 0.7% lower, and the BSE Small Cap index ended 1.5% lower.

Sectoral indices are trading on a negative note, with stocks in the realty sector, oil & gas sector, and power sector witnessing selling pressure.

The rupee is trading at 85.7 against the US$.

Gold prices for the latest contract on MCX are trading flat higher at Rs 87,594 per 10 grams.

Meanwhile, silver prices are trading 0.4% higher at Rs 99,50 per 1 kg.

Here are five reasons why Indian Markets are falling today

#1 Selling Pressures Mount

This falling market consolidation could be attributed to domestic selling in the broader market, March-end closing pressures, and anticipation of key events like the April 2 tariff deadline and RBI policy. While the recent seven-day rally was strong, this may be a natural pause in an overbought phase rather than a direct reaction to tariff uncertainty.

#2 Weakness in Broader Market

The broader market remained under pressure, with the Nifty Midcap 100 declining by 0.3% and the Smallcap 100 slipping 0.7%.

#3 Sectoral Pressure

Nifty Auto emerged as the only gainer, rising 0.7% in the afternoon, while the broader market faced selling pressure. All 12 other sectoral indices traded in the red, with Nifty Bank, PSU Bank, Oil & Gas, and Pharma leading the declines, each falling 0.8%. Nifty IT slipped 0.68%, while losses in FMCG, Energy, Infra, and Metal were relatively milder but continued to dampen sentiment.

#4 The Rupee Factor

The Indian rupee weakened by 6 paise to 85.78 against the US dollar in early trade on Wednesday, pressured by a negative trend in domestic equities and a strengthening American currency in the global market.
 

Why Trent Share Price is Rising

In news from the retailling sector, Trent's share price surged over 3% on 26 March after the company announced the opening of three new Westside stores, bringing its total store count to 244. Shares of the Tata Group company were trading at Rs 5,360 per share in the afternoon, extending gains for the second consecutive session.

In three separate exchange filings, Trent announced the launch of new Westside stores in Jaipur, Jodhpur, and Chennai. The 242nd store in Jaipur spans 31,641 sq ft, while the 243rd store in Jodhpur covers 25,602 sq ft. The 244th store, inaugurated in Chennai, is spread across 26,000 sq ft.

The newly launched stores reflect the brand's vision of delivering an exceptional retail experience, providing customers with modern and contemporary fashion trends at a great value.

Trent is among the high P/E stocks in India. But is it just riding a hype wave, or does it have strong growth potential? 
 

IndusInd Bank Shares Surge 3.5%. Here's Why

Moving on to the news from the banking sector, IndusInd Bank share price jumped over 3.5% today, following reports that the crisis-hit private lender is set to engage two global recruitment firms, Egon Zehnder and Korn Ferry, to identify candidates for key leadership positions.

According to media reports, the recruitment firms have been tasked with finding a successor for Sumant Kathpalia, the bank's current MD & CEO, as well as Arun Khurana, deputy MD and executive director, who has also been handling the additional charge of chief finance officer (CFO).

Additionally, the bank is looking to appoint a new CFO to replace Gobind Jain, who resigned on January 17, along with a chief compliance officer (CCO) and chief operations officer (COO).

Egon Zehnder is reportedly responsible for identifying CEO and deputy CEO candidates, while Korn Ferry may be given the mandate to recruit two executive directors and business heads for commercial and consumer banking.
 

Why ABB India Share Price Surges 3%

Moving on to news from the engineering sector, ABB India saw a notable rise in its share price during today's trading session, gaining 3.28% to reach Rs 5,597.95.

The increase was fueled by strong market activity, higher trading volumes, and positive investor sentiment.

The company's stock has been consistently attracting interest, given its presence in multiple key indices, including NIFTY NEXT 50, NIFTY 500, NIFTY 100, NIFTY MNC, NIFTY 200, NIFTY100 Quality 30, NIFTY LargeMidcap 250, Nifty500 Multicap 50:25:25, Nifty India Manufacturing, and Nifty Total Market.

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