Stock Market Updates: Sensex opens in green, Nifty stays above 23,600 mark.
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Summary: The Thursday markets witnessed gains, with the Sensex opening in green and the Nifty above 23,600.
Gains in banking and oil and gas stocks helped offset US President Trump's 25% general tariff on auto imports, which hurt automakers and related businesses. The benchmark indices showed good start and continued to move up on March 27.
The Sensex was up 394.25 points, or 0.51 percent, at 77,682.75 at 10:05 a.m., while the Nifty was up 104.05 points, or 0.44 percent, at 23,590.90. Roughly, 120 shares stayed the same, 1,568 increased, and 1,574 decreased.
Even with the decline in auto-related shares, broader market conditions were as it is because of advancements in the banking and IT sectors. Investors are keeping a careful eye on global statistics, corporate performance, and economic policy to predict the next market move.
While the auto industry seems to be in trouble, experts believe that consumer confidence and strong financial backing will keep the market stable in the days to come. Before making any decision, traders and investors should proceed with caution and keep an eye on global trends.
Tata Motors' shares dropped by 7% since the revelation, as the United States is a big client base for the company's luxury car segment, Jaguar Land Rover (JLR). According to JLR's annual report, North America accounted for over one-third of its global sales in 2024, and the United States contributed 22%. High tariffs can make JLR autos more expensive for American buyers, impacting the demand.
