Bulls dominated the trading session on March 27, erasing early weakness over US automotive tariffs, with benchmark Nifty 50 index ending near 23,600 on across-the-board buying, barring auto and pharma names.
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.
The Nifty index advanced 4.6 percent in the March series.
After a weak start that dragged auto stocks lower on US president Trump’s order to impose 25 percent tariff on auto import, market recovered to extend gains and the Nifty traded around 23,600 for most part of the session. Pharma stocks remained under pressure on uncertainty around Trump tariff plan.
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.
Hero MotoCorp, Bajaj Finserv, IndusInd Bank, HDFC Life, NTPC were among major gainers on the Nifty, while losers were Tata Motors, Sun Pharma, Eicher Motors, Maruti Suzuki, Bharti Airtel.
Nearly 460 stocks touched 52-week low on the BSE, including Sona BLW, Happiest Minds, Metro Brands, Mahindra Life, Bajaj Electricals, Gensol Engineering, Vakrangee, TCI Express, Shiva Cement, Rolex Rings, Expleo Solution, Brainbees Solutions, Suyog Tele, Galaxy Surfactants, among others.
