Stock market today, March 28 -- Benchmark indices Sensex and Nifty declined on March 28, weighed down by IT and auto stocks, as investor sentiment turned cautious ahead of the US reciprocal tariff announcement next week.

Sensex dropped over 550 points from its intraday high, while Nifty slipped below the 23,500 mark.

As of 13:16 IST, the Sensex was down 327.13 points (0.42%) at 77,279.30, while the Nifty fell 97.35 points (0.41%) to 23,494.60. Market breadth remained mixed, with 1,559 stocks advancing, 1,883 declining, and 108 remaining unchanged.

"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. The bears are currently on the back ...