Sensex falls 60 points in the final FY25 session; Nifty flat at 23,600. Mixed global cues; investors cautious about US tariffs. Strong FII buying continues.
Stock Market Update: The domestic stock market witnessed a decline in the final trading session of fiscal year 2024-25. Amidst mixed signals from global markets, the Sensex and Nifty opened weaker on Friday (March 28). Investors appeared cautious as the deadline for US President Donald Trump's tariff policy neared.
Initial Performance of Sensex and Nifty
The BSE Sensex opened with an initial gain of 80 points but soon fell by 48 points, trading at 77,559. Similarly, the NSE Nifty 50 also lost its initial gains, falling by 4 points to 23,588.
Mixed Signals from Global Markets
International markets also saw fluctuations. Investor sentiment was impacted by US tariff policies.
- Australia's ASX 200 index closed up 0.36%.
- Japan's Nikkei and Topix fell by more than 2%.
- South Korea's Kospi index fell by 1.31%.
Decline in US Markets
On Thursday, all three major US stock markets closed in the red. The Dow Jones fell by 0.37%, the S&P 500 by 0.33%, and the Nasdaq by 0.53%.
Strong FII Buying Continues
Foreign Institutional Investors (FIIs) bought ₹11,111.25 crore worth of equities on March 27. Over the past six trading sessions, FIIs have made net purchases totaling ₹32,488.63 crore. On the other hand, Domestic Institutional Investors (DIIs) sold ₹2,517.70 crore on March 27.
SEBI's New Proposal
The Securities and Exchange Board of India (SEBI) has proposed limiting the expiry day for equity derivatives to only Tuesdays or Thursdays. This decision could change trading strategies and impact the market.
