Sensex, Nifty 50 today: The stock market opened in the red as the trading session began on Thursday, March 27. Auto, pharma and mid and small-cap IT and telecom stocks fell the most.
Auto stocks fell due to US President Donald Trump’s new tariffs on auto imports hurting investor sentiment.
At 9.15am, the benchmark BSE Sensex was down by 201.11 points or 0.26 per cent, reaching 77,087.39. The broader NSE Nifty opened 34.70 points down or 0.15 per cent in the red, reaching 23,452.15.
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Which stocks fell the most?
Among the 30 Sensex stocks, Tata Motors fell the most upon opening by 4.80 per cent, trading at ₹673.95. This was followed by Axis Bank, which was down 1.39 per cent, trading at ₹1,080.40, and Asian Paints, which was up by 0.90 per cent, trading at ₹2,305.30.
Eleven of the Sensex stocks were in the green.
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How did individual sectors perform?
Among the Nifty sectoral indices, the Nifty Auto Index fell the most by 2.08 per cent, reaching 21,291.20. This was followed by Nifty Pharma, which was down 0.83 per cent, reaching 21,183.70, and Nifty Consumer Midsmall IT & Telecom, which was down 0.81 per cent, reaching 9,182.50.
In contrast, the Auto Index had risen the second-most on yesterday’s open, by 0.18 per cent, reaching 21,776.60.
Stock market in the previous session
The market plunged and closed deep into the red after the previous trading session ended on Wednesday, March 26, breaking its seven-day streak of closing in the green.
The Sensex closed 728.69 points or 0.93 percent into the red, reaching 77,288.50. The Nifty was down by 181.80 points or by 0.77 per cent in the red, reaching 23,486.85.
“Yesterday’s decline in the nifty ended a seven-day winning run for the benchmark,” said Akshay Chinchalkar, Head of Research at Axis Securities. “The market also finished below the previous day’s low, which means 23,869 is now an important swing high.”
He added that “the decline looks more like a retreat to the near-vertical advance we have seen recently, than the beginning of a larger downturn, for now” and that “what’s notable is that small- and midcap benchmarks are not as strong as the Nifty, which means sentiment is more guarded.”
Among the Sensex stocks, NTPC fell the most by 3.54 per cent, closing at ₹354.15. This was followed by Zomato, which was down 3.10 per cent, closing at ₹203.30, and Tech Mahindra, which was down 2.85 per cent, closing at ₹1,415.60.
Only 6 out of the 30 Sensex stocks were in the green.
Among the Nifty sectoral indices, the Media Index fell the most by 2.40 per cent, reaching 1,487.35. This was followed by Nifty Midsmall Healthcare, which was down 1.69 per cent, reaching 40,585.45, and the Nifty Oil & Gas Index, which was down 1.36 per cent, reaching 10,411.00.
In the Nifty Media Index, Dish TV India fell the most (4.11% down), followed by Den Networks (3.54% down), and Tips Music (3.45% down).
In the Nifty Midsmall Healthcare Index, Max Healthcare Institute fell the most (4.16% down), followed by Piramal Pharma (3.85% down), and Krishna Institute of Medical Sciences (3.48% down).
In the Nifty Oil & Gas Index, Hindustan Petroleum Corporation fell the most (2.71% down), followed by Indraprastha Gas (2.04% down), and Bharat Petroleum Corporation (2.01% down).
The Oil & Gas Index fell at a time when global oil prices are up. Brent Crude was up 0.14% or $0.10, trading at $73.89 when it comes to May 2025 futures, while WTI Crude was up 0.20% or $0.14, trading at $69.79 when it comes to May 2025 futures.
Foreign Institutional Investors (FIIs) continued buying up Indian stocks, becoming net buyers of ₹2,240.55 crore worth of equities, while Domestic Institutional Investors (DIIs) were net sellers again, offloading a difference of ₹696.37 crore worth of equities.
The “Nifty witnessed profit booking for two consecutive days, forming a lower low and lower high, indicating weakness,” said Kunal Kamble, Senior Technical Research Analyst at Bonanza. “After an 8.67% rally, some correction towards 23,300-23,000 is expected.”
He added that “the overall trend remains positive as long as Nifty holds above 22,800.”
