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last mo.

Indian Stock Market Ends Four-Day Rally as Global Trade Tensions Weigh on Sentiment

Sensex and Nifty opened lower on March 21, 2025, with IT, telecom, and consumer durables stocks leading the decline after reaching record highs earlier in the week.

People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Francis Mascarenhas/Reuters)
Sensex, Nifty 50 today: A man walks past the bull statue at BSE building in Mumbai.
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Overview

  • The Sensex fell by 200.96 points to 76,147.10, and the Nifty dropped 44.60 points to 23,146.05 at the opening on March 21, marking the end of a four-day rally.
  • Media, IT, and real estate stocks drove the rally earlier in the week, with Bharti Airtel, Titan, and Zomato among the top performers on March 20.
  • Global trade uncertainties, including US tariffs on India set to take effect in April, are influencing market sentiment despite analysts' optimism about India's economic resilience.
  • Technical indicators remain bullish, with analysts identifying key support levels at 23,150 for Nifty and 76,000 for Sensex, but cautioning about potential profit booking.
  • Foreign Institutional Investors (FIIs) were net buyers during the rally, contributing ₹3,239.14 crore, while Domestic Institutional Investors (DIIs) were net sellers, offloading ₹3,136.02 crore.