Sri Lanka ranked 67th in Global Peace Index and second in South Asia, Govt reduces subsidised LPG cylinders under Ujjwala Yojana from 9 to 4, Renuka Bhatia resigns from the post of Chairperson of the Haryana State Commission for Women,

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)

 


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