At 9.15am, the benchmark BSE Sensex was down by 22.13 points or 0.03 per cent, reaching 77,584.30. The broader NSE Nifty opened 2.10 points down or 0.01 per cent in the red, reaching 23,589.85.

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Which stocks fell the most?

Among the 30 Sensex stocks, Infosys fell the most upon opening by 0.54 per cent, trading at ₹1,594.95. This was followed by Zomato, which was down 0.53 per cent, trading at ₹204.65, and IndusInd Bank, which was down by 0.35 per cent, trading at ₹671.25.

However, 20 of the Sensex stocks were in the green.

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How did individual sectors perform?

Only three sectoral indices were in the red, despite the benchmark indices opening in the red.

Among them, the Nifty Auto Index fell the most by 0.37 per cent, reaching 21,436.35. This was followed by Nifty IT, which was down 0.15 per cent, reaching 37,491.45, and Nifty Pharma, which was down 0.05 per cent, reaching 21,263.95.

The Auto Index had also fallen the most on yesterday’s open, 2.08 per cent, reaching 21,291.20, while the Pharma Index fell the second-most, going down 0.83 per cent, reaching 21,183.70.

Among the Nifty sectoral indices in the green, the Nifty Financial Services Index rose the most by 1.27 per cent, reaching 15,062.30. This was followed by Nifty Financial Services Ex-Bank, which was up 0.66 per cent, reaching 26,603.45, and Nifty Oil & Gas, which was up 0.64 per cent, reaching 10,620.25.

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Stock market in the previous session

The market closed in the green after the previous trading session ended on Thursday, March 27.

The Sensex closed 317.93 points or 0.41 percent into the green, reaching 77,606.43. The Nifty was up by 105.10 points or by 0.45 per cent in the green, reaching 23,591.95.

“Technically, yesterday was an example of a lower open but a swift recovery and a reasonably strong close,” said Akshay Chinchalkar, Head of Research at Axis Securities. “Note that the opening decline also held key support at 23,402, where the final gap-up rests.”

He added that “until this level holds, the market will attempt to overcome resistance that lies in the 23,640 and 23,720 zone followed by the important swing high at 23,869.”

Meanwhile, Kunal Kamble, Senior Technical Research Analyst at Bonanza said that the “Nifty closed positive after two days of profit booking, holding above 23,500, indicating strength.”

Among the Sensex stocks, Bajaj Finserv rose the most by 3.23 per cent, closing at ₹2,005.40. This was followed by IndusInd Bank, which was up 2.68 per cent, closing at ₹673.60, and NTPC, which was up 1.88 per cent, closing at ₹360.80.

In contrast, NTPC fell the most during Wednesday’s close by 3.54 per cent, reaching ₹354.15.

Ten out of the 30 Sensex stocks were in the red.

Among the Nifty sectoral indices, the PSU Bank Index rose the most by 2.50 per cent, reaching 6,296.15. This was followed by Nifty Media, which was up 1.52 per cent, reaching 1,509.90, and the Nifty Oil & Gas Index, which was up 1.36 per cent, reaching 10,552.85.

In the Nifty PSU Bank Index, Bank of Baroda rose the most (4.34% up), followed by Union Bank of India (3.98% up), and Punjab National Bank (3.46% up)

In the Nifty Media Index, Tips Music rose the most (4.16% up), followed by D.B.Corp (3.09% up), and Sun TV Network (2.11% up).

In the Nifty Oil & Gas Index, Aegis Logistics rose the most (14.65% up), followed by GAIL (India) (4.30% up), and Hindustan Petroleum Corporation (2.66% up).

The Oil & Gas Index rose at a time when global oil prices are up. Brent Crude was up 0.03% or $0.02, trading at $74.05 when it comes to May 2025 futures, while WTI Crude was up 0.06% or $0.04, trading at $69.96 when it comes to May 2025 futures.

Foreign Institutional Investors (FIIs) continued buying up Indian stocks, becoming net buyers of ₹11,111.25 crore worth of equities, while Domestic Institutional Investors (DIIs) became net buyers again, purchasing a difference of ₹2,517.70 crore worth of equities.

“Foreigners net shorts in index futures fell sharply by over 53,000 contracts, which means the mood there is turning more optimistic,” said Chinchalkar.