On March 28, 2025, the Indian stock market saw a sharp decline as tariff concerns and global economic uncertainty weighed on investor sentiment. A total of 428 stocks hit 52-week lows, while 62 stocks reached 52-week highs. Benchmark indices Nifty 50 and Sensex fell amid pressure on IT and auto stocks, driven by concerns over US economic indicators and trade policies. Experts believe that market volatility may persist as investors closely monitor global cues and domestic economic data.
The Indian stock market witnessed a sharp decline as investor concerns over US economic indicators and trade policies led to risk-averse trading. On Friday, 428 stocks touched their 52-week lows, including major companies like Allcargo Logistics Ltd, Delta Corp Ltd, Dish TV India Ltd, and Happiest Minds Technologies Ltd. Conversely, only 62 stocks managed to reach their 52-week highs, including AAVAS Financiers Ltd, Chambal Fertilisers & Chemicals Ltd, and JK Cement Ltd.
Both benchmark indices, Nifty 50 and Sensex, recorded losses, with the Sensex falling by 191.51 points (0.25%) to settle at 77,414.92, while the Nifty 50 dropped by 72.60 points (0.31%) to 23,519.35. Analysts believe the upcoming release of the US Personal Consumption Expenditures (PCE) inflation data is adding to market uncertainty, as it may influence the Federal Reserve’s interest rate decisions for the year.
Global Factors Weigh on Indian Market
Vinod Nair, Research Head at Geojit Investments Limited, highlighted that Asian markets, including India, are currently undergoing consolidation due to the effects of recent US tariff policies. Additionally, Japan’s rising Consumer Price Index (CPI) has contributed to weak market sentiment.
“At home, the market rally has paused as investors assess the impact of these tariffs on industries like automotive, pharmaceuticals, and ancillary sectors,” said Nair.
Nifty 50 Outlook
Rupak De, Senior Technical Analyst at LKP Securities, noted that Nifty 50 remained volatile throughout the session, closing with weakness. “The index is consolidating after reaching a high of 23,800. Immediate support lies at 23,400. If Nifty 50 falls below this level, it may decline further to 23,200. On the upside, holding above 24,200 could push it toward 23,600 and higher,” De explained.
As investors navigate global and domestic economic pressures, analysts advise caution in the coming sessions, with continued focus on global trade policies, inflation data, and central bank decisions.
