Mumbai, March 27 -- After a brief correction in the previous session, key equity benchmarks resumed their uptrend on Thursday, supported by strong buying in financial heavyweights, Reliance Industries, and Larsen & Toubro. The rally helped counter losses in the auto sector, which came under pressure following U.S. President Donald Trump's announcement of a 25% tariff on imported cars, sparking concerns over trade policies. The Nifty closed above the 23,550 mark, with volatility heightened due to the expiry of monthly Nifty options.

Despite challenges in auto stocks, broader market sentiment remained positive, driven by strong retail participation in small and mid-cap stocks. Analysts attribute the renewed optimism to the return of foreig...