Stock Market Today: Benchmark indices ended lower in a volatile session on March 28. Sensex was down 40.14 points or 0.07 per cent to end at 57,613.72, and the Nifty down 34 points or 0.20 per cent at 16,951.70.
After a decent start, the market failed to hold on to the gains and gyrated between gains and losses in the lacklustre session amid selling seen across the sectors.
Adani Enterprises, Adani Ports, Tech Mahindra, Tata Motors and Hero MotoCorp were among the top Nifty losers, while gainers included IndusInd Bank, UPL, Power Grid Corporation, Dr Reddy’s Laboratories and HDFC Bank.
Except metal, all other sectoral indices ended in the red with IT, auto, power, realty and oil and gas down 0.8-1 per cent.
The BSE midcap index declined 0.4 per cent and the smallcap index fell 0.8 per cent.
Global Cues
Global stocks and US bond yields rose on Tuesday, as a US regulator-backed deal by First Citizens BancShares to buy failed Silicon Valley Bank soothed wider worries about problems in the sector. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3 per cent by early morning Hong Kong time. U.S. stock futures, the S&P 500 e-minis, were up 0.21 per cent.
Tokyo shares opened higher Tuesday after the Dow index was lifted by US bank share gains as fears of a crisis in the sector eased. The benchmark Nikkei 225 index rose 0.39 per cent, or 108.12 points, to 27,584.99 at the open, while the broader Topix index added 0.33 climbed 0.59 per cent, or 11.67 points, to 1,973.51.
The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank’s assets helped to boost bank shares, while a decline in technology-related stocks limited the day’s gains.
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