Share Market On March 28: Sensex And Nifty Settle In Red

Share Market: India’s benchmark indices, Sensex and Nifty50, ended the day’s trade in red on Friday, March 28, 2025. The Sensex (index with top 30 firms) tumbled 191.51 points to close at 77,414.92 on Friday. Meanwhile, Nifty50 (index with top 50 firms) was down 72.60 points to close at 23,519.35 points. Among Sensex-listed companies, 11 stocks advanced, while 19 saw declines on Friday.

The Sensex opened 84.26 above at 77,690.69 points on Friday. Meanwhile, Nifty50 opened almost flat at 23,600.40 points.

The Indian stock markets witnessed the decline because of the April 2 effect. US President Donald Trump is going to announce trade tariffs on April 2. Recently, he announced auto related tariffs, significantly impacting major economies.

However, experts stated that Indian markets are benefitting from domestic macro tailwinds and are waiting for global headwinds to subside for now. After the US imposed tariffs on auto imports, the European auto manufacturers’ body highlighted that European carmakers with plants in the US export 60% of their US output to other countries. Notably, India had witnessed a very limited impact of Auto tariffs, as of now.

Share Market: What Experts Are Saying?

Ajay Bagga, Banking and Market Expert told ANI, “With Monday a market holiday in India and the month-end, year-end having happened on Thursday for March, FY2025 expiries, expect muted volumes and squaring off of positions by the afternoon to avoid exposure into the long weekend. Auto tariffs have seen auto manufacturer stock prices falling from Japan to Korea to Europe and even in the US.”

He further added, “We saw an interesting statement today by the European Auto manufacturers body. They highlighted that European carmakers with plants in the US, export 60% of their US output to other countries. As tariffs and counter tariffs rise, there will be a bewildering array of increased costs, falling margins and consequently reducing demand.”

ALSO READ: Share Market On March 28: Sensex And Nifty Open Almost Flat – More Details Inside!