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What happened in the Indian stock market today (27-Mar-2024)?

On March 27, 2024, the Sensex surged by 526.01 points or 0.73% to reach 72,996.31, while the Nifty 50 climbed 118.95 points or 0.54% to settle at 22,123.65.

On March 27, 2024, the Sensex surged by 526.01 points or 0.73% to reach 72,996.31, while the Nifty 50 climbed 118.95 points or 0.54% to settle at 22,123.65.

Reliance Industries (RIL) and oil marketing firms drove the gains following Goldman Sachs’ announcement of a Street-high target price.

The Nifty Smallcap 100 outperformed, rising 1.15%, but the Nifty Midcap 100 lagged, closing 0.12% lower.

With a short week due to holidays, investors await US GDP data and the RBI policy statement for market direction next week.

Impact on the stock market

In sectoral indices, Nifty Oil & Gas (up 0.54%), Nifty Realty (up 0.85%), Nifty Private Bank (up 0.60%), Nifty Auto (up 0.51%), and Nifty Bank (up 0.40%) closed higher. 

Conversely, Nifty PSU Bank (down 0.97%), Nifty Media (down 0.57%), Nifty IT (down 0.64%), and Nifty FMCG (down 0.27%) concluded in the negative territory.

Information Technology-0.64%
Oil & Gas+0.54%
PSU Banks-0.97%

Top gainers today

CompanyPriceChange (%)
Maruti Suzuki12,550.50+2.45%
Bajaj Auto9,158.00+2.20%
Titan Company3,767.20+1.87%
Bajaj Finance7,025.80+1.67%

Top losers today

CompanyPriceChange (%)
Hero Motocorp4,562.05-2.34%
TATA Cons. Prod1,094.60-1.61%
Apollo Hospital6,224.00-1.56%
Dr. Reddys Labs6,051.25-1.36%

Market aftermath: Impact on stocks

Zomato shares surge to record high

Zomato shares hit a record high, surging by 3.48% to Rs 188.95, with a year-to-date increase of nearly 50% and an astounding 270% annually. 

Amid heightened volatility, BSE and NSE have placed Zomato securities under the long-term ASM framework, urging caution to investors.

Adani Power gains 4%

Adani Power shares climbed over 4% on March 27 following CCI’s approval for its acquisition of Lanco Amarkantak Power. Adani plans to acquire 100% of Lanco’s share capital amid its insolvency resolution process. 

The company’s stock surged by 185% in the past year.

AstraZeneca Pharma surges 4% on cancer drug approval

AstraZeneca Pharma share surged over 4% on March 27 after securing CDSCO’s nod to import the cancer drug Trastuzumab deruxtecan. The drug is approved for unresectable or metastatic HER2-Low breast cancer and HER2-positive gastric adenocarcinoma. 

AstraZeneca anticipates launching the drug in India, pending statutory approvals. At 10:27 am, its shares traded at Rs 5,204.70 on the NSE, up 2.6%. Over the past year, the stock soared 57%, surpassing Nifty 50’s 30% rise in the same period.

Crude oil futures slide

Crude oil futures dip as US inventories surge. June Brent oil is down 0.77% at $84.97 and May WTI at $81. US crude stockpiles soar by 9.337 million barrels, the highest since Feb 2023, reversing a two-week decline, per API data. 

April MCX futures trade at ₹6759, down 0.85%, while May futures stand at ₹6720, down 0.93%.


In today’s stock market update for March 27, 2024, the Sensex and Nifty 50 showed good gains, led by Reliance Industries and oil marketing firms. 

Zomato shares reached a record high, while Adani Power and AstraZeneca Pharma also experienced notable surges. However, crude oil futures slid due to a surge in US inventories. 

Stay tuned to StockGro for further insights and updates.

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Hunny Meghani

A curious mind, a love for writing, and a passion for all things finance - that's me in a nutshell. Whether I'm exploring the latest stock market trends or diving into the nitty-gritty of personal finance, marketing, and AI. I'm always on the hunt for the next big story.

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