📉 Market Ends Lower Amid Global Tariff Concerns, Nifty Slips Below 23,520 📊

📰Daily Market Wrap-Up by Stock Whisperers-March 28

Author

thestock whisperers
March 28, 2025

28-March-2025

📈 Market Overview:

Summary of the Day's Market Performance

Market Overview

  • The Sensex fell 191.51 points (-0.25%) to close at 77,414.92 in a volatile session.

  • The Nifty dropped 72.60 points (-0.31%) to 23,519.35, retreating from recent highs.

  • Midcap shed 0.7%, and Smallcap lost 0.35%, reflecting broader caution.

  • Most sectors ended in the red—IT, auto, realty, and media down 1-2%—except FMCG and oil & gas, which held firm.

💸 Market Transactions:

  • Foreign Institutional Investors (FII): Sold ₹4,352.82 crore

  • Domestic Institutional Investors (DII): Bought ₹7,646.49

Heavy DII buying offset FII outflows, softening the decline amid global jitters.

📊📑 Important Observations and Market Sentiments: Editor Special

  • US tariff fears and Japan’s rising CPI (4% in Jan) spooked Asian markets, stalling India’s rally as investors weighed impacts on auto, pharma, and ancillary sectors.

  • Gold prices hit a record high, signaling trade war escalation concerns, while domestic momentum faded post a 2-week uptrend.

  • The US-India trade meet (ongoing since Wednesday) added uncertainty, with outcomes due tomorrow—tariffs loom large into April 2.

  • Despite the dip, FY26 earnings growth hopes and rate cut bets (CPI at 3.75%) provide a cushion—focus shifts to trade clarity.

❓ DO YOU KNOW?

The Nifty’s 2-week gain of ~5% (since March 17) marks its best fortnightly run since December 2024, though today’s pullback hints at consolidation.

📰Stock News:

Key Stock Movements and News

  • Top Gainers: Tata Consumer, Kotak Mahindra Bank, Apollo Hospitals, ONGC, and ICICI Bank

  • Top Losers: Wipro, IndusInd Bank, Shriram Finance, Cipla, and M&M

  • IndusInd Bank faced selling pressure pre a PwC report on accounting discrepancies (2.35% net worth hit).

  • Shree Cement rallied 4% after Nomura’s ‘Buy’ upgrade, citing FY26 volume growth.

  • ONGC and BPCL rose up to 5% as Saudi Aramco eyes stakes in their Andhra and Gujarat refineries.

  • BHEL gained over 5% (up 23% in a month) on a ₹11,800 crore LoI from Chhattisgarh’s power co.

  • BSE soared 16% as NSE deferred Monday expiry plans amid SEBI’s spacing proposal.

  • Zen Technologies surged on a ₹152 crore defence order for air defence simulators.

  • Godrej Properties jumped after selling ₹1,000 crore worth of luxury flats in Gurugram’s Golf Course Road.

  • Jubilant FoodWorks rose on plans to add 1,000 Domino’s outlets in 3 years, doubling its 2,000-store network.

  • Reliance Industries and Zomato gained as Jefferies’ Chris Wood hiked stakes in his India portfolio.

Your Weekly Stock Markets Rundown: 🌍 Global Jitters Rise- Uncertainty Looms as Key Data Awaited

March 24-28, 2025

After a blockbuster week, Indian markets brace for volatility as Trump-era uncertainty clouds US growth, impacting IT and consumer sectors. Flash PMIs, US spending, and RBI data will test last week’s 4% Nifty gain. Domestic resilience and FII inflows provide a buffer, but global headwinds loom—rangebound trade likely unless fundamentals shine.

👀Stocks to Focus:

  1. BSE: Bonus share buzz could drive gains into Sunday’s meet.

  2. IndusInd Bank: Accounting woes may cap recovery.

  3. ONGC: Refinery stake talks signal upside potential.

📝Summary:

Indian markets ended a volatile week weaker, down 0.3%, as tariff fears and Japan’s CPI rise triggered a pullback. FMCG and oil & gas held steady, but IT and autos faltered. DII buying countered FII sales, yet trade meet uncertainty (out tomorrow) keeps investors on edge—gold’s surge underscores global risks.

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Disclaimer: The Stock Whisperers is a media platform providing educational and informational content related to the stock market. We do not offer investment advice, stock recommendations, or tips. Readers should consult a SEBI-registered advisor before making any investment decisions.