Mumbai, March 30, 2026 – The Indian equity market closed in the red today as heavy selling pressure in banking, financial services, and select large-cap stocks outweighed gains in metals and select mid-cap names. Market breadth remained mixed despite strong volumes in several counters.
Major Losers Among Heavyweights:
- Bajaj Finance plunged nearly 5% (down 4.95%) to close at ₹802, emerging as one of the top drags on the indices.
- State Bank of India fell sharply by 3.8% to ₹980.80.
- Axis Bank declined 3.05% to ₹1,168.40.
- Bharti Airtel dropped 2.97% to ₹1,789.20.
- HDFC Bank, the heaviest traded stock by value, lost 2.80% and closed at ₹735.
- Kotak Mahindra Bank and ICICI Bank also ended in the red, down 3.59% and 1.78% respectively.
Gainers Spotlight:
- Dalmia Sugar was the top performer among actively traded stocks, surging 10.58% to ₹382 on strong volume.
- National Aluminium jumped 4.30% to ₹386.95.
- KNRCON gained 3.08%, while Vedanta and ONGC posted modest gains of 1.41% and 1.05% respectively.
Key Market Statistics (Top Traded by Value):
- HDFC Bank led turnover with over ₹76,358 crore in traded value.
- Reliance Industries saw robust activity, closing marginally higher at ₹1,348.30.
- Total market activity remained healthy, with several stocks crossing ₹10,000–₹14,000 crore in value.
The data reflects a classic rotational move — profit booking in high-valuation banking and IT names (Infosys down 1.72%, TCS down 1.04%) while capital rotated into metals, commodities, and select sugar stocks amid positive sectoral cues.
