Market News
4 min read | Updated on March 27, 2025, 07:55 IST
SUMMARY
NIFTY50 and SENSEX rebound to trade higher in today’s trading session. Key stocks like Swiggy, Sona BLW Precision, and FirstCry are among the 212 stocks that hit their 52-week lows today.
Swiggy shares dropped as much as 3.5% on Thursday to hit its all-time low of ₹312.65 apiece. | Image: Shutterstock
NIFTY and SENSEX rebounded in today’s trading session after closing nearly 1% lower in the previous session. As many as 212 stocks hit their lowest level in a year on Thursday, Marc 27, even as the benchmark equity indices traded in the positive territory.
Around 1:00 pm, the NIFTY 50 index was trading up 108 points, or 0.46%, at 23,595. The BSE SENSEX also gained 345 points, or 0.46%, to 77,634.
The India VIX index, or the volatility index, was down 0.92% to 13.35. Among the sectoral indices, the NIFTY PSU Bank and the NIFTY Oil & Gas indices were the top gainers, up 1.1% and 0.8%, respectively. The NIFTY Pharma and the NIFTY Auto were the top losers, down 1.1% and 0.9%, respectively.
The stock was under pressure as the market experts turned cautious on the anticipated rising losses in quick commerce and slowing food delivery business growth.
The correction was a part of a broader decline in shares of auto and auto ancillary companies on Thursday after US President Donald Trump on Wednesday announced a 25% tariff on auto imports that takes effect from April 3. Sona BLW Precision derives about 66% of its revenue from the US and European markets.
FirstCry on Wednesday approved the infusion of ₹146 crore into its international arm, GlobalBees Brands. The investment is expected to occur in tranches over the period of 12 months.
VIP shares are seeing a downward spiral due to poor earnings and high debt. The company has reported a net loss in the last four out of the five quarters. In the last quarter ended December 2024, VIP Industries had reported a net loss of ₹16.84 crore.
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