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Stock Markets March 10, 2026

India markets close higher as auto, consumer durables and banking lift benchmarks

Nifty rises 0.97% led by Shriram Finance, Hero MotoCorp and Eicher Motors; volatility index retreats

By Avery Klein INFY
India markets close higher as auto, consumer durables and banking lift benchmarks
INFY

Indian equity benchmarks finished higher on Tuesday with the Nifty 50 up 0.97% and the BSE Sensex 30 up 0.82%. Gains in Auto, Consumer Durables and Banking names supported the rally while breadth favored advancers. Volatility declined and commodities showed divergent moves, with gold higher and crude oil down sharply.

Key Points

  • Benchmark indices closed higher - Nifty 50 up 0.97% and BSE Sensex 30 up 0.82%.
  • Auto and consumer durables stocks were among the session leaders, with Shriram Finance, Hero MotoCorp and Eicher Motors posting notable gains.
  • Market breadth favored advancing issues and implied volatility, measured by India VIX, fell to 18.84.

Indian equity markets ended the trading session higher on Tuesday, supported by gains across Auto, Consumer Durables and Banking stocks.

At the NSE close the Nifty 50 advanced 0.97%, while the BSE Sensex 30 rose 0.82%.

Top movers on the Nifty 50

  • Shriram Finance Ltd. (NSE:SHMF) led gains, jumping 8.09% or 79.90 points to finish at 1,067.10.
  • Hero MotoCorp Ltd (NSE:HROM) climbed 4.31% or 236.00 points to close at 5,716.00.
  • Eicher Motors Ltd. (NSE:EICH) rose 3.84% or 279.00 points to end the session at 7,545.00.

Lagging names on the Nifty 50

  • Infosys Ltd (NSE:INFY) slipped 1.41% or 18.50 points to 1,296.50 at the close.
  • Eternal Ltd (NSE:ETEA) declined 1.25% or 2.86 points to settle at 226.70.
  • Reliance Industries Ltd (NSE:RELI) was down 0.92% or 13.10 points to 1,410.90.

BSE Sensex 30 movers

  • Tata Motors Passenger Vehicles Ltd (BO:TAMO) was the top gainer on the Sensex, up 3.93% to 345.00.
  • Mahindra & Mahindra Ltd. (BO:MAHM) increased 3.67% to close at 3,304.10.
  • Asian Paints Ltd. (BO:ASPN) added 3.13% to finish at 2,290.00.

Bottom performers on the Sensex

  • Infosys Ltd (BO:INFY) fell 1.40% to 1,296.00 in late trade.
  • Eternal Ltd (BO:ETEA) lost 1.24% to settle at 226.70.
  • Reliance Industries Ltd (BO:RELI) decreased 0.91% to 1,411.50 at the close.

Market breadth on the National Stock Exchange favored risers, with 1,997 stocks advancing versus 514 declining and 43 unchanged. On the Bombay Stock Exchange, 2,912 issues rose, 1,130 fell and 128 finished flat.

The India VIX, which measures implied volatility for Nifty 50 options, moved lower by 19.36% to 18.84, indicating reduced option-implied volatility at the close.

Commodities and currencies

  • Gold futures for April delivery increased 1.56% or 79.76 to $5,183.46 a troy ounce.
  • Crude oil for April delivery declined 6.93% or 6.57 to $88.20 a barrel.
  • The May Brent contract fell 7.62% or 7.54 to trade at $91.42 a barrel.
  • USD/INR moved down 0.16% to 91.98, while EUR/INR decreased 0.24% to 106.97.
  • The US Dollar Index Futures was down 0.53% at 98.64.

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Risks

  • Volatility may re-emerge - although India VIX declined 19.36% to 18.84, option-implied volatility can increase rapidly, affecting equity and derivatives markets (impacts: equity, derivatives).
  • Commodity price swings - sharp drops in crude (April down to $88.20, Brent to $91.42) and moves in gold could influence energy-related and materials sectors (impacts: energy, materials).
  • Currency fluctuations - moves in USD/INR (91.98) and EUR/INR (106.97) could affect exporters and importers exposed to foreign exchange risk (impacts: trade-exposed companies, exporters).

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