Sensex and Nifty Conclude FY25 with Gains Exceeding 5 Percent Amid Market Volatility

Synopsis

On March 28, the Indian stock market closed the last trading session of FY25 on a lower note amidst volatility. While the Sensex and Nifty recorded gains of over 5 percent for the fiscal year, market dynamics remained affected by various factors.

Key Takeaways

Sensex and Nifty both gained over 5% for FY25
Market sentiment reflects weakness with more stocks declining
Midcap and smallcap segments showed stronger performance
FIIs contributed significant investments recently
Gold prices remain elevated amid tariff concerns

Mumbai, March 28 (NationPress) The Indian stock market concluded the final trading session of the financial year (FY25) on a slight downturn amidst a day of volatility. Nevertheless, both the Sensex and Nifty recorded gains exceeding 5 percent for FY25.

The Sensex fell by 191.51 points, marking a 0.25 percent decrease, closing at 77,414.92. Meanwhile, the Nifty dipped by 72.60 points, or 0.31 percent, bringing it to a close at 23,519.35.

Despite the weak performance during the session, both indices achieved substantial gains over the financial year, with the Sensex increasing by over 5.11 percent and the Nifty rising by 5.34 percent.

On Monday (March 31), the Indian stock markets will be closed due to Eid celebrations, with trading set to resume on Tuesday (April 1).

The midcap and smallcap sectors outperformed the broader market, with the Nifty Midcap100 rising 5.4 percent and the Nifty Smallcap100 climbing 7.48 percent during the fiscal year.

“Recent trading sessions indicate a rebound from previous losses, driven by renewed investments from the FIIs, who have contributed over 30,000 crore in the past few days, transitioning to net buyers,” commented Krishna Appala from Capitalmind Research.

Appala further noted that domestic DIIs also influenced market trends, engaging in a mix of net buying and selling.

Market sentiment displayed weakness, with more stocks declining compared to those that advanced—2,399 stocks fell while 1,454 gained, and 116 remained unchanged.

During the session, Wipro, IndusInd Bank, Shriram Finance, Cipla, and M&M were among the leading losers. Conversely, stocks such as Tata Consumer, Kotak Mahindra Bank, Apollo Hospitals, ONGC, and ICICI Bank saw gains.

Sector-wise, most indices closed lower, with the exception of FMCG and oil & gas, which remained positive. IT, auto, realty, and media stocks were among the weakest performers, each declining between 1-2 percent.

Broader market indices also faced selling pressure, with the BSE Midcap index dropping 0.7 percent, and the Smallcap index falling 0.4 percent.

The India VIX, known as the fear index, increased by 4.37 percent to settle at 12.72 points on Friday, signaling heightened market volatility.

The Indian stock markets will remain closed on Monday (March 31) due to the Eid festivities, with trading set to resume on Tuesday (April 1).

In the currency market, the Indian rupee exhibited strength, gaining 32 paise to close at 85.46 per US dollar, compared to Thursday’s closing of 85.78.

“Looking ahead, positive cues from FIIs are likely to maintain favorable sentiment for the rupee,” stated Jateen Trivedi of LKP Securities.

Gold prices continued to rise in the spot market amid ongoing tariff concerns, maintaining strong buying interest. Experts noted that gold prices are currently elevated within a range of Rs 87,500- Rs 89,750.

The rupee surged sharply by 0.30 to 85.45, driven by a substantial FII inflow of Rs 11,111 crore, which bolstered sentiment and supported rupee buyers.