Indian Stocks Rise Despite U.S. Tariff Uncertainty

Indian shares are up today, showing resilience amid U.S. tariff concerns. The S&P/BSE Sensex climbed 336 points, driven by gains in multiple sectors, while Tata Motors and Ashok Leyland faced declines due to tariff impacts.

Date: 27-03-2025

AI Rating: 6

Market Overview: Indian shares have shown an uptick in early trade, with the benchmark S&P/BSE Sensex increasing by 336 points (0.4 percent) to 77,625. The broader NSE Nifty index also saw a rise of 90 points (0.4 percent) at 23,577 despite the ongoing uncertainty regarding U.S. tariffs.

Company Performance: Several companies have reported positive movements:

Power Grid Corp, Titan Company, ICICI Bank, and Larsen & Toubro were each up around 1 percent.
Infosys' shares rose by half a percent after announcing an expected tax refund of Rs. 2,949 crores including interest.
Wipro surged by 1.5 percent, fueled by a significant strategic deal worth £500 million from British insurer Phoenix Group.
Axis Bank gained 1 percent from divesting its holding in National Highways Infra Trust for Rs. 230 crores.

On the contrary, there were notable downturns:

Tata Motors experienced a significant decline of 5.4 percent, and Samvardhana Motherson fell by 4 percent due to U.S. President Donald Trump's tariffs on foreign-made vehicles and parts.
Ashok Leyland fell 1 percent amid negative news surrounding its EV arm Switch Mobility's manufacturing shutdown in the U.K. Additionally, a promoter's pledge of nearly 30 percent of holdings may have raised concerns among investors.

Stocks: INFY WPRO AXP TATAMOTORS ASHOKLEY LT