On Friday, the Indian bourses closed the week in negative territory with the Nifty 50 opening at 23,462.50, reaching a high of 23,492.40, and closing at 23,151.10, down 2.06%. Similarly, the BSE Sensex opened at 75,444.22, reached a high of 75,576.20, and ended at 74,563.92, down by 1.93%.The Indian market traded lower amid negative cues from broader Asian markets amid escalating tensions in the Middle East.Reasons for the negative sentimentThe following are the reasons for the negative sentiment in the stock market:The rise in crude oil prices following Iranian strikes on two oil tankers raised fears of supply disruptions through the Strait of Hormuz and created inflationary pressures on Indian markets. Weak cues from global markets.Foreign investors continued to be net sellers in the Indian markets.The Indian Rupee depreciated by 12 paise to 92.37 against the U.S dollar.Major Indices Today IndicesLTPPrev closeChangeNifty 5023,151.1023,639.15-2.06%BSE Sensex74,563.9276,034.42-1.93%Next 5064,691.4566,424.55-2.61%Bank Nifty53,757.8555,100.95-2.44%Fin Nifty25,138.6525,663.20-2.04% The major indices, Nifty 50 and Sensex, traded in red, dragged by Banking, Automobile, and Metal stocks.Nifty Next 50 traded lower amid losses in Metal, Power, Pharma, and Automobile stocks.Nifty Bank traded lower, dragged down by losses in HDFC Bank and ICICI Bank amid a weaker rupee and rising crude oil prices.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT29,071.2529,579.45-1.72%Nifty Auto24,195.1025,098.00-3.60%Nifty FMCG47,924.1548,189.15-0.55%Nifty Pharma22,832.2023,275.20-1.90%Nifty Healthcare14,602.9514,870.15-1.80%Nifty Oil & Gas11,286.8011,538.30-2.18% Nifty IT and Nifty FMCG traded lower amid broader market sentiment.Nifty Auto traded lower amid rising crude oil prices, potential gas shortages, and supply-chain disruptions.Nifty Pharma traded lower amid negative investor sentiment over export concerns amid escalating geopolitical tensions.Nifty Oil and Gas traded lower as Iranian strikes on two oil tankers heightened fears of supply disruptions.Market Movers Today FMCG stocks, such as Tata Consumer Products and Hindustan Unilever, rose by 3% as investors switched to defensive stocks amid broader negative market sentiment.Metal stocks, such as Hindalco and Nalco, dropped by 4.5% and 5.5%, respectively, amid a drop in global aluminium prices.Renewable Energy shares, Solex Energy dropped by 5.4%, Borosil Renewables and Sterling and Wilson Renewable Energy by 3.7%, Inox Wind by 3.3%, Servotech Renewable Power by 2.9%, and Suzlon Energy by 2% amid profit booking after a recent rally.Automobile shares, such as Ashok Leyland, dropped by 4%, Bharat Forge and Tube Investments by 4% and 3%, respectively, and Tata Motors Passenger Vehicles by 3.7%, Maruti Suzuki by 2.1%, Mahindra & Mahindra by 1%, Hero MotoCorp by 3.4%, Bajaj Auto by 2.4%, and TVS Motor by 1.3% after brokerage firm JPMorgan said geopolitical tensions and rising commodity prices are creating dual risks for the Indian auto sector.Top Gainers Company NameLTPPrev CloseChangeSyngene International420.85404.104.15%Muthoot Finance3,333.203,244.002.75%NHPC74.9874.780.27%Hindustan Unilever2,160.002,136.901.08%Swiggy282.15280.900.44% Top Losers Company NameLTPPrev CloseChangeLarsen & Toubro3,439.003,719.50-7.54%Amber Enterprises6,446.006,929.50-6.98%Jindal Steel1,143.301,225.00-6.67%Hindalco Industries910.05969.75-6.16%Hindustan Zinc551.95583.00-5.33% 52W High Stocks Company NameLTP52W highChangeNTPC384.45394.50-1.56%Coal India467.00476.00-0.66%Torrent Pharmaceuticals4,390.004,482.90-1.26%ABB6,392.506,554.00-0.26%Ajanta Pharma3,030.603,228.00-2.85% 52W Low Stocks Company NameLTP52W lowChangeHDFC Bank817.00812.00-1.89%Tata Consultancy Services2,410.502,397.00-1.31%Infosys1,248.301,242.60-1.38%ITC301.45300.65-0.87%Kotak Bank366.85363.40-2.25% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea9.279.56-3.03%Yes Bank18.8019.31-2.64%Suzlon Energy41.4142.43-2.40%Eternal215.68221.17-2.48%IDFC First Bank62.5764.78-3.41% IPOsInnovision IPO extended its deadline and will close on 17th March. The price band set for the IPO was reduced to ₹494-₹519 per share.Raajmarg Infra Investment Trust IPO closed today. The price band set for the IPO is from ₹99 to ₹100 per share.Market AnnouncementsMuthoot Fincorp plans to raise ₹600 crores by selling bonds to retail investors to support business growth.NABARD and REC withdrew their plans to issue bonds amid higher-than-expected yields.