Sensex Dips 192 Points, Nifty Below 23,550 Amid Volatile Trade; FMCG, Oil & Gas Gain

Indian stock markets closed lower on March 28, with the Sensex falling 191.51 points (0.25%) to settle at 77,414.92, while the Nifty declined 72.60 points (0.31%) to 23,519.35. Market volatility continued as global trade tensions and economic concerns weighed on investor sentiment.

Sectoral & Stock Performance

• Gainers: FMCG and oil & gas stocks outperformed, with Tata Consumer, Kotak Mahindra Bank, Apollo Hospitals, ONGC, and ICICI Bank among the top gainers.
• Losers: IT, auto, and realty stocks faced selling pressure, with Wipro, IndusInd Bank, Shriram Finance, Cipla, and M&M registering losses.
• Indices Performance: The BSE Midcap index dropped 0.7%, while the BSE Smallcap index declined 0.35%.

Market Outlook

Experts suggest that the market remains cautious due to concerns over U.S. tariffs on auto imports and key global economic data. While foreign investors have returned as net buyers, uncertainty around the RBI’s policy decisions and upcoming Q4FY25 earnings reports will play a crucial role in shaping market trends.

Investors are advised to adopt a stock-specific approach, favoring banking and financial stocks while remaining selective in other sectors.