Nepal wraps up Rasuwa flood search; shifts focus to rehabilitation, reconstruction, 19th Pravasi Bharatiya Diwas Convention to be held in Kolkata from January 7-9, 2027, India's Industrial production jumps 8% in August, FIR registered into corruption allegations involving OSD to Punjab CM Mann and other senior officers, says CBI.

Market extends gains, defies auto tariff impact on expiry day

The bulls dominated trade on Thursday, despite a weak start triggered by US automotive tariff concerns, supported by broad-based buying, except in auto and pharma sectors.At close, the Sensex was up 317.93 points or 0.41 percent at 77,606.43, and the Nifty was up 105.10 points or 0.45 percent at 23,591.95. BSE Midcap index was up 0.5 percent and Smallcap index rose nearly 1 percent.
Hero MotoCorp, Bajaj Finserv, IndusInd Bank, HDFC Life, NTPC were the major gainers on the Nifty, while losers included Tata Motors, Sun Pharma, Eicher Motors, Maruti Suzuki, Bharti Airtel.On the sectoral front, except auto (down 1 percent) and pharma (down 0.4 percent), all other sectoral indices ended in the green with media, oil & gas, realty rose a percent each. The Nifty index advanced 4.6 percent in the March series, according to information.
Rupee Close:
On 27 March'25,the Indian rupee weakened by 8 paise to close at 85.77 against the U.S. dollar on Thursday,as month-end dollar demand from importers, coupled with the greenback's recovery against major currencies, weighed on the rupee.The U.S. dollar strengthened after U.S. president Donald Trump late on Wednesday (March 26, 2025) announced long-promised 25% tariffs on automotive imports, set to take effect on April 2, according to information.
Trading Guide:
Aditya Gaggar Director of Progressive Shares reportedly quoted as saying,after a slow start to the monthly expiry trade, the market saw a strong recovery from lower levels, although the Index later oscillated in a narrow range before ultimately concluding at 23,591.95 with gains of 105.10 points. Except Auto and Pharma, all the sectors ended the trade with gains where PSU Banks and Media were the top performers. In the broader market, a disparity was evident as Midcaps marginally lagged while Smallcaps gained over 1%, outperforming the Frontline Index.The Index seems to have completed its corrective phase, filling the bullish gap zone and forming a Piercing candlestick pattern. The immediate resistance is at 23,800, and a breakout above this level could propel the Index towards the psychological level of 24,000. On the downside, support is seen at 23,400. Market experts recommended five shares to buy  - Aavas Financiers, Windlas Biotech, HEG, A B Infrabuild, and Elecon Engineering Company.

(Business Correspondent)

 

Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Food & Lifestyle

Sustainability has emerged as a central theme across the global hospitality and tourism industry.

Read More

Crime

The CBI has arrested a Deputy Director of the DGCA and the director of a private aviation company in connection with an alleged bribery case.

Read More

Opinion

There was a time when a state dinner was simply that: dinner.But times have changed. We may now be entering the age of menu diplomacy.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.