The Indian stock market continued to trade under pressure on March 28, 2025. The headline indices ended the session in the red, with the Nifty ending at 23,519.35, down by 72.6 points or 0.31 per cent. The Sensex ended at 77,414.92, down by 191.51 points or 0.25 per cent.
Market Wrap: Nifty Closes Above 23,500, Sensex Ends Above 77,400 On Last Trading Day Of FY25
As many as 31 of the 50 constituents of the index declined on March 28, 2025, with the rest 19 stocks closing in the green. IndusInd Bank, Wipro, Shriram Finance and Cipla emerged as the top drags, declining by as much as 3.64 per cent
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Top Gainers and Losers On March 28
As many as 31 of the 50 constituents of the index declined on March 28, with the rest 19 stocks closing in the green. IndusInd Bank, Wipro, Shriram Finance and Cipla emerged as the top drags, declining by as much as 3.64 per cent. On the other hand, Tata Consumer Products, Kotak Mahindra Bank, and Apollo Hospitals Enterprise emerged as the top gainers, closing higher by up to 2.91 per cent.
Major Sectoral Indices Close in Red
Most major sectoral indices closed in the red today, with the Nifty IT and Nifty Realty declining the most. Notably, the Nifty IT closed lower by 1.76 per cent. The broader market indices also extended losses for the third straight session, with the Nifty SmallCap 100 and the Nifty MidCap 100 closing lower by as much as 0.32 per cent.
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Global Markets
On March 28, Wall Street indices, such as the Dow Jones, S&P 500 and the Nasdaq closed flat with a negative bias, down by as much as 0.53 per cent. European markets, such as France’s CAC 40 and Germany’s DAX closed lower by 0.55 per cent. Asian indices, such as the Nikkei 225 closed lower by 1.83 per cent, while the Hang Seng closed lower by 0.65 per cent.
Primary Market Action
The Spinaroo Commercial initial public offering (IPO) opened for subscription on March 28. On the other hand, the public issue of Identixweb IPO closed for bidding. Shares of Active Infrastructures Ltd and Rapid Fleet Management Services made their debut on the NSE SME platform.
Cues To Watch
The US Federal Reserve is scheduled to release the Personal Consumption Expenditures Price Index today. The Fed uses the index to gauge the trajectory of US interest rates and as a measure of inflation.
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