POST MARKET
Indian equity indices extended their losses for the second consecutive session on March 12 amid escalating geopolitical tensions that pushed crude oil prices above USD 100 per barrel.
At close,
Sensex ↓↑ down 829.29 points or 1.08 percent at 76,034.42
Nifty ↓ down 227.70 points or 0.95 percent at 23,639.15.
About 1653 shares advanced, 2401 shares declined, and 159 shares unchanged.
Top losers – Eicher Motors, M&M, Maruti Suzuki, Bajaj Finance, UltraTech Cement
Top gainers – Coal India, Jio Financial, Adani Enterprises, NTPC, Power Grid Corp.
Among sectors, Auto index slipped more than 3%, FMCG index shed 1.7% and Private Bank index declined 1.6%, while Power index gained 2.5%, Energy index rose 2%, Oil & Gas, Metal, Capital Goods rose 0.5% each.
Among the broader market indices, Nifty midcap index fell 0.4% and smallcap index shed 0.7%.
STOCKS IN NEWS
NTPC Green Energy
Shares of renewable energy company NTPC Green rallied almost 12 percent, as rising crude oil prices and geopolitical tensions in the Middle East strengthened investor interest in alternative energy plays.
Coal India
Shares of Coal India were the top Nifty gainer on March 12 by gaining over 5 percent as escalating tensions in West Asia threaten global energy supplies. This comes after government announceded they fully prepared to meet any unprecedented surge in coal demand, with overall coal stocks at about 210 million tonne adequate for around 88 days.
Petronet LNG
Shares of city gas distribution and LNG company Petronet LNG hiked 2.78 percent on Thursday, with several gas-linked stocks gaining sharply after the government moved to stabilise supplies amid disruptions linked to the Middle East conflict.
Omnitech Engineering
Omnitech Engineering share price added over 5 percent on March 12 following the company bagged an order of Rs 920 crore from Weatherford Products GmbH. The company has secured this contract through master purchase agreement and is to be executed in five years.
Source – Moneycontrol
