Stock Market Today: The domestic equity indices dragged in red after starting the session on March 11 flat amid selling pressure. In early trade BSE Sensex was trading at 77,919.03, down 286.95 or 0.37 per cent, while the 24,184.75 was down 77.50 points or 0.32 per cent.

After having a sharp rally in the previous session on the back of a decline in crude prices, the Sensex started the trade flat at 78,238.91 on Wednesday as compared to the last day's closing of 78,205.98. However, the index fell into the red amid selling pressure as investors remained cautious amid the ongoing war in the Middle East.

Nifty50 started the session at 24,231.85 against last day's closing of 24,261.60.

"Indian equity markets are trading with a cautious undertone at the opening bell, as investors continue to monitor evolving geopolitical developments and movements in global crude oil prices. While recent indications of easing tensions in the Middle East have provided some temporary relief to global markets, sentiment remains fragile as uncertainty surrounding the region persists," said Ponmudi R, CEO of Enrich Money. 

"For India, crude oil price volatility remains a key macro variable given the country’s heavy dependence on energy imports. Any sharp fluctuation in oil prices has the potential to influence inflation expectations, currency stability, and broader investor sentiment," Ponmudi added.  

Top Gainers, Losers

Axis Bank, Bajaj FinServ, Bharti Airtel, Kotak Bank, ICICI Bank, Bajaj Finance, TCS, HDFC Bank, Hindustan Unilever, and Mahindra and Mahindra were the top losers from the Sensex basket. Indigo, Adani Ports, NTPC, Tata Steel, Sun Pharma, PowerGrid, Tech Mahindra, and BEL were trading in green.