Benchmark indices declined in early trade on March 28 mirroring weak trends in the global markets amid uncertainties over Trump tariffs. The 30-share BSE benchmark Sensex declined 144.66 points to 77,461.77 in early trade. The NSE Nifty dipped 38.7 points to 23,553.25.
From the Sensex pack, Mahindra & Mahindra, Infosys, Power Grid, Sun Pharma, HCL Tech, Bajaj Finance, IndusInd Bank and Axis Bank were the major laggards.
Nestle, Hindustan Unilever, ITC and Kotak Mahindra Bank were among the gainers.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading with deep cuts.
US markets ended lower on March 27.
Foreign Institutional Investors (FIIs) bought equities worth Rs 11,111.25 crore on March 27, according to exchange data.
“The market’s resilience, despite Trump’s reciprocal tariff threats, comes from the renewed buying by FIIs and the confidence this has given to the bulls,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.