On Wednesday, the Indian bourses closed in negative territory with the Nifty 50 opening at 24,231.85, reaching a high of 24,299.00, and closing at 23,866.85, down 1.63%. Similarly, the BSE Sensex opened at 78,238.91, reached a high of 78,324.37, and ended at 76,863.71, down by 1.72%.The Indian share market traded lower amid selling pressure following the recent rally and rising worries about ongoing geopolitical conflicts.Reasons for the negative sentimentThe following are the reasons for the negative sentiment in the stock market:The rise in crude oil prices created inflationary pressures in Indian marketsIndia VIX rose 11% to 20.97, indicating increased volatility in Indian markets.Cautious investor sentiment amid the ongoing war between the U.S and Iran.Foreign institutional investors continued to exit from Indian markets.Major Indices Today IndicesLTPPrev closeChangeNifty 5023,866.8524,261.60-1.63%BSE Sensex76,863.7178,205.98-1.72%Next 5066,498.6567,227.95-1.08%Bank Nifty55,735.7556,950.80-2.13%Fin Nifty25,920.8026,535.20-2.32% The major indices, Nifty 50 and Sensex, traded in red, dragged by Banking, Automobile, and IT stocks.Nifty Next 50 traded lower amid losses in Power, Realty, and automobile stocks.Nifty Bank traded lower due to cautious market sentiment amid the war in West Asia.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT29,651.7030,024.05-1.24%Nifty Auto25,926.0026,770.55-3.15%Nifty FMCG49,059.7049,603.55-1.10%Nifty Pharma23,348.0523,253.650.41%Nifty Healthcare14,960.2014,938.900.14%Nifty Oil & Gas11,483.1011,462.500.18% Nifty IT traded lower following the report by Kotak Institutional Equities stating that Indian IT service providers could face a 3.0-3.5% fall in revenue in the next two fiscal years.Nifty Auto traded lower amid profit booking after the recent rally.Nifty FMCG traded in the red amid selling pressure following the recent rally.Nifty Pharma traded in the green after API exports hit an impressive ₹41,500 crore in the last fiscal year, surpassing imports.Nifty Oil and Gas traded in green as Indian oil refiners secured around 30 million barrels of Russian crude, signalling a shift in India's energy sourcing strategy amidst regional conflicts.Market Movers Today Wire and cable stocks, such as Polycab and KEI Industries, declined by up to 6% amid rising copper prices.HG Infra Engineering shares rose by 8% after winning an order from Anuppur Thermal Energy for the execution of civil (earthwork, bridges, and Station buildings), and P-way works for the development of railway infrastructure at 2x800 MW Thermal Power Project at Anuppur, Madhya Pradesh.Waaree Renewable Technologies shares rose by 4% after signing a contract for the execution of EPC works for the 300MWac/420MWp ground-mount solar PV plant.Irrigation and water infrastructure shares, such as Shakti Pumps (India) and Jain Irrigation Systems, rose by 18.5% and 8.5%, respectively, after the Union Cabinet approved a fresh phase of the Jal Jeevan Mission 2.0, along with other infrastructure initiatives carrying a combined outlay of about ₹8.7 lakh crore.Top Gainers Company NameLTPPrev CloseChangeAstral1,746.301,660.705.15%Premier Energies788.10747.755.40%Blue Star1,941.101,887.802.82%NALCO397.75388.752.32%Steel Authority of India153.88149.842.70% Top Losers Company NameLTPPrev CloseChangeColgate Palmolive2,055.602,198.30-6.49%TVS Motors3,600.803,785.10-4.87%Bajaj Finance893.65939.80-4.91%KEI Industries4,321.004,537.00-4.76%Axis Bank1,255.801,314.70-4.48% 52W High Stocks Company NameLTP52W highChangeABB6,280.006,325.000.89%Aurobindo Pharma1,304.801,318.501.47%Lupin2,344.602,377.600.31%Glenmark Pharmaceuticals2,272.702,297.902.11%Ajanta Pharma3,048.203,081.601.61% 52W Low Stocks Company NameLTP52W lowChangeTata Consultancy Services2,464.902,460.10-1.92%Coforge1,108.801,105.00-2.67%Jubilant FoodWorks473.25471.20-1.89%Godrej Industries888.60886.75-2.58%KPR Mill810.90801.65-2.62% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea9.7110.01-3.00%Yes Bank19.5319.91-1.91%Suzlon Energy41.6241.450.41%Tata Steel194.74195.00-0.13%HDFC Bank833.95849.45-1.82% IPOsRaajmarg Infra Investment Trust IPO opened today and will close on 13th March. The price band set for the IPO is from ₹99 to ₹100 per share.Innovision IPO is open and will close on 12th March. The price band set for the IPO is from ₹521 to ₹548 per share.Rajputana Stainless IPO closed today. The price band set for the IPO was from ₹116 to ₹122 per share.Listed todaySEDEMAC Mechatronics shares were listed today at 13.54% premium on NSE at ₹1,535 per share and on BSE at 11.69% premium at ₹1,510 per share. The price band set for the IPO was ₹1,287 to ₹1,352 per share.Market AnnouncementsAdani Green Energy raised $500 million by selling the 15-year private bonds with a rupee-equivalent all-inclusive cost of about 8.5%, with funds managed by Apollo Global Management Inc.Apollo Pipes shares dropped by 3.46% after Bandhan Mutual Fund completely exited from the company.