IndusInd Bank Falls, ITC Hotels Hits Record High, BSE Surges
Written by - Fisdom Research
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March 28, 2025
2 minutes
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Market Snapshot
The first trading session of the April series witnessed high volatility, with benchmark indices ending lower.
Auto and IT stocks remained under pressure amid concerns over potential US tariffs.
The market opened flat and traded in a lackluster manner during the first half.
Broad-based selling in the second half, except in FMCG and Oil & Gas sectors, dragged Nifty to 23,450.
However, final-hour buying helped Nifty close above 23,500.
Despite the weak session, Sensex and Nifty gained 5% each in the Financial Year 2024-25.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY FMCG
0.6
NIFTY CONSUMER DURABLES
-0.5
NIFTY PRIVATE BANK
0.2
NIFTY PSU BANK
-0.5
NIFTY OIL & GAS
0.0
NIFTY PHARMA
-0.7
NIFTY HEALTHCARE INDEX
-0.5
NIFTY METAL
-0.7
Top News
IndusInd Bank dropped 4% to ₹649 on March 28, ending a two-day winning streak, as investors awaited PwC’s report on accounting discrepancies, with a forensic audit also underway.
ITC Hotels surged 6% to an all-time high of ₹206, following Macquarie’s “outperform” rating and a ₹230 target, with the stock gaining 16% since its January listing.
BSE Ltd. rallied 16% after NSE deferred its derivatives expiry shift, following SEBI’s directive to maintain the status quo.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TATACONSUM
2.9
INDUSINDBK
-3.6
KOTAKBANK
2.1
WIPRO
-3.6
APOLLOHOSP
1.9
SHRIRAMFIN
-3.3
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,600
23,300
Bank Nifty
51,000
52,050
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