Indian stock markets experienced significant volatility on March 3, 2025, with the Sensex and Nifty indices reversing early gains to trade lower. The Sensex, which initially climbed 451.62 points to 73,649.72, later fell 249.53 points to 72,948.57. Similarly, the Nifty, after rising 136.85 points to 22,261.55, dropped 61.50 points to 22,063.20. This downturn was influenced by heavy selling in major stocks like Reliance Industries and HDFC Bank, alongside persistent foreign fund outflows. Reliance Industries shares fell over 3% to a 52-week low of Rs 1,163.70, impacted by global economic uncertainties and tightening monetary policies. The company's battery unit, Reliance New Energy, faced potential fines of up to Rs 125 crore for missing a deadline to open a battery cell plant, contributing to the stock's decline. BSE shares also saw a significant drop, falling 5.1% to Rs 4,395.7, following a downgrade by Goldman Sachs. The brokerage lowered its target price on BSE to Rs 4,880 from Rs 5,650, citing concerns over proposed regulatory changes by SEBI that could impact proprietary trading, a key revenue source for the exchange. The broader market saw declines across various sectors, with the Nifty Realty index falling over 30% from its all-time high, and indices like Nifty Midcap and Smallcap turning red after initially opening in green. Sectoral indices such as Nifty Metal and Nifty Energy also fell over 1.5% off their day's high, reflecting widespread market weakness. Nifty opened at 22,200, with Nifty FMCG in green and Nifty Pharma in red. Nifty Energy saw a decline of over 2%, while Nifty IT remained in green. Despite the downturn, Nifty managed to recover 150 points off its day's low.