Will the market rebound or face more pressure? Experts weigh in as Sensex and Nifty wrap FY25 with 5% gains!
On March 28, 2025, the Indian stock market ended lower amid high volatility. The Sensex dropped 192 points (0.25%) to 77,414.92, while the Nifty fell 73 points (0.31%) to 23,519.35. Auto and IT stocks were under pressure due to concerns over upcoming US tariffs.
Key Losers & Gainers
Major losers included Wipro, IndusInd Bank, Shriram Finance, Cipla, and M&M, while Tata Consumer, Kotak Mahindra Bank, Apollo Hospitals, ONGC, and ICICI Bank gained. The BSE Midcap and Smallcap indices also dipped by 0.7% and 0.35%, respectively.
Also Read: Market Jitters Ahead of Inflation Data: Nifty Cracks Below 23,550 – What’s Next?
Why the Drop?
Weak global cues and fears of US tariffs on auto imports weighed on sentiment. However, the market managed to recover slightly in the final hour, with FMCG and oil & gas sectors supporting the indices.
FY25 Performance
Despite the day’s losses, the Sensex and Nifty surged 5% in FY25, with weekly and monthly gains of 0.5% and 6%, respectively.
Expert Outlook for April
- Rupak De (LKP Securities): Nifty’s immediate support is at 23,400. A break below could push it to 23,200, while holding above 23,600 may signal a rebound.
- Shrikant Chouhan (Kotak Securities): Auto stocks remain under pressure due to US tariff worries, but FIIs turning net buyers is a positive sign.
Investors will watch the RBI policy, Q4 earnings, and global tariff developments for further cues. The market will remain closed on March 31 for Id-Ul-Fitr.
Also Read: Breaking: 10 Stocks Defy Odds With Double-Digit Gains Amid Volatile Market
