On march 27th, the domestic stock market commenced cautiously amidst global pressures, with both major indices, BSE Sensex and NSE Nifty, witnessing a slight uptick. At 9:20 am, the Sensex hovered around 72,630 points, registering a modest gain of approximately 160 points, while the Nifty traded at 22,058 points, reflecting an increase of 53 points.
Before the trading session commenced, Nifty futures in Gujarat's gift City indicated a decline of about 40 points at 22,050 points. However, the domestic market exhibited a marginal rise during the pre-open session, with the Sensex hovering just below 72,700 points, up by 222 points, and the Nifty crossing 22,050 points, registering a gain of approximately 50 points.
Global markets displayed a mixed trend, with Wall Street experiencing a decline on Tuesday. The Dow Jones Industrial Average and S&P 500 recorded their third consecutive day of losses, with the former declining by 0.08 percent and the latter by 0.28 percent. Meanwhile, Nasdaq closed down by 0.42 percent. Asian markets appeared somewhat bullish, with Japan's Nikkei and Topix gaining by 0.24 percent and 0.4 percent, respectively.
However, South Korea's Kospi fell by 0.1 percent, while Kosdaq remained stable, and Hong Kong's Hang Seng indicated initial losses. In the previous session, a decline was observed in the domestic stock market after the holiday break on Tuesday, following the festival of Holi. The Sensex closed at 72,470.30 points, down by 361.64 points (0.50 percent), while Nifty fell by 92.05 points (0.42 percent) to 22,004.70 points.
As the current financial year draws to a close, with only one trading day remaining after today, market participants anticipate activity to wind down ahead of Good friday on march 29th, followed by the weekend. In early trading, most major companies' shares were in the green zone, with 21 out of 30 Sensex stocks recording profits, while 9 were in the red. Notably, maruti Suzuki shares registered the highest gain of 1.27 percent, followed by reliance Industries, up by over 1 percent, while wipro incurred the most significant loss of 0.53 percent.
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