On March 28, 2025, Indian equity markets opened on a flat to positive note. The Nifty 50 index opened at 23,600, while the BSE Sensex rose by 96 points (0.12%) to open at 77,702.
Sector Performance
Trading activity was mixed across sectors:
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Lagging Sectors: Automobiles, Information Technology (IT), and Real Estate sectors faced declines.
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Advancing Sectors: Oil & Gas and Fast-Moving Consumer Goods (FMCG) sectors saw gains.
Global Influences
Asian markets experienced declines due to U.S. President Donald Trump's announcement of a 25% tariff on auto imports. Japan's Nikkei 225 index fell by 2.2%, significantly impacting auto manufacturers like Toyota and Honda. South Korea's Kospi index decreased by 1.8%, affecting companies such as Hyundai and Kia. In contrast, Hong Kong's Hang Seng index remained relatively stable, up by 0.6%. Bloomberg+4AP News+4Reuters+4Reuters
Key Stock Recommendations
Analysts have provided stock recommendations for short-term investors:The Economic Times+1mint+1
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ONGC: Buy with a target price of ₹250 and a stop loss at ₹239.The Economic Times+1mint+1
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Jindal Steel & Power Ltd: Buy with a target price of ₹940 and a stop loss at ₹900.The Economic Times
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Canara Bank: Buy with a target price of ₹93 and a stop loss at ₹87.50.
DLF: Buy with a target price of ₹710 and a stop loss at ₹680.
Regulatory Developments
The Securities and Exchange Board of India (SEBI) has proposed changes to the derivatives expiry schedule. The suggestion to limit the expiry of all equity derivatives to either Tuesday or Thursday has led to a surge in BSE's shares by 18%. This move is expected to help BSE retain its market share in options trading, potentially increasing it to over 25-30% by the second quarter of FY2026.
Outlook
The market is likely to consolidate, influenced by global trade tensions and domestic policy changes. Investors are advised to stay informed about international developments and regulatory updates that may impact market dynamics.