Stock Market Recap
On 12 March, Indian equity markets extended their decline for a second straight session, with the Sensex tumbling 829 points to close at 76,034 and the Nifty slipping 228 points to 23,639, falling below the 23,650 mark. Weakness in banking and auto stocks dragged indices lower, as the Nifty Auto index dropped over 6% in two sessions, led by losses in M&M, Maruti Suzuki, and Eicher Motors. The Nifty Bank index also fell sharply, shedding 635 points to 55,101, while the Nifty Midcap index lost 207 points to 56,254.
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