Sensex, Nifty 50 end in the red— 10 key highlights of Indian stock market today | Stock Market News
The Indian stock market closed in negative territory on Friday, March 28, due to profit booking amid weak global cues. US President Donald Trump’s tariff policies kept sentiment fragile.
The Sensex closed 192 points, or 0.25 per cent, lower at 77,414.92, while the Nifty 50 settled 73 points, or 0.31 per cent, down at 23,519.35.
The mid- and small-cap indices underperformed, as the BSE Midcap index fell 0.68 per cent and the Smallcap index declined 0.35 per cent.
Due to the losses across segments, investors lost nearly ₹2 lakh crore in a day as the overall market capitalisation of BSE-listed firms dropped to nearly ₹413 lakh crore from about ₹415 lakh crore in the previous session.
Stock market today: 10 key highlights
Here are 10 key highlights of the Indian stock market today:
1. What weighed on the Indian stock market today?
Indian stock market slipped on profit booking, tracking weak global cues. Major Asian and European indices suffered significant losses as Trump’s aggressive tariffs raised fears of a deeper and global trade war.
IT and automobile majors, including Infosys, Mahindra and Mahindra, TCS, HCL Tech and Maruti, ended as the top drags on the Sensex index.
“Asian markets are experiencing a new consolidation phase as the latest US tariff measures are expected to impact major manufacturing economies significantly. Additionally, a rise in Japan’s CPI has contributed to the prevailing weakness,” said Vinod Nair, Head of Research at Geojit Investments Limited.
“The market’s upward momentum has stalled as investors evaluate the implications of these tariffs on the auto, ancillary, pharma and others sectors,” Nair said.
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