Markets News

Stock Market closing: Sensex, Nifty witness sharp decline on profit-taking in IT, banking shares

Mumbai: The 30-share BSE Sensex plunged 728.69 points to settle at 77,288.50 on March 26, 2025, Wednesday. The NSE Nifty declined 181.80 points to close at 23,486.85. After seven-day winning run, the benchmark indices closed down today by nearly 1 per cent due to profit-taking in banking and IT shares.

In the last seven consecutive days, the BSE barometer jumped 4,188.28 points or 5.67 per cent. The broader Nifty jumped 1,271.45 points or 5.67 per cent.

From the Sensex pack, laggards included Reliance Industries, Hindustan Unilever, Zomato, Axis Bank, Bajaj Finance, Infosys, Maruti, State Bank of India, Kotak Mahindra Bank, HDFC Bank, NTPC, and Tech Mahindra. Gainers included, Titan, Mahindra & Mahindra, Power Grid, IndusInd Bank, and HCL Tech.

The BSE Sensex jumped 150.68 points to 78,167.87 in early trade. The NSE Nifty climbed 67.85 points to 23,736.50. The stock markets gave up early gains and slipped in the negative territory due to emergence of profit-taking.

Later, the 30-share Sensex traded 73.05 points lower at 77,928.26, and the broader Nifty quoted 37.55 points down at 23,631.10.

Hong Kong, Seoul, and Tokyo ended lower, while Shanghai closed in the positive territory. The US stock markets settled higher on Tuesday. Foreign Institutional Investors (FIIs) purchased equities worth Rs 5,371.57 crore on Tuesday. Global oil benchmark Brent crude marginally gained 0.26 per cent to USD 73.21 a barrel.

“Even with the April 2 reciprocal tariff day looming large the market has turned resilient indicating further upside. This will happen if the reciprocal tariffs are less stringent than feared.

“The fundamental support to the market comes from India’s improving macros and the FIIs turning buyers,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

The BSE benchmark appreciated 32.81 points to end at 78,017.19 on Tuesday. The Nifty eked out gains of 10.30 points to 23,668.65.

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