POST MARKET
Indian equity benchmarks extended the previous session’s momentum on March 17, with the Nifty 50 closing comfortably above 23,550, amid buying across the sectors barring FMCG and IT names.
At close,
Sensex ↓↑ up 567.99 points or 0.75 percent at 76,070.84
Nifty ↑ up 172.35 points or 0.74 percent at 23,581.15.
About 2252 shares advanced, 1820 shares declined, and 138 shares unchanged.
Top gainer – Eternal, Tata Steel, M&M, HDFC Life, and Bharat Electronics
Top losers – Wipro, Tata Consumer, Infosys, Cipla, ITC.
Among sectors, except FMCG ( down 0.7%) and IT (down 1%), all other indices ended in the green with capital goods, telecom, auto, infra, media, metal, realty, and private bank up 1-2 percent.
Among the broader market indices, the Nifty midcap index rose 1 percent, while the smallcap index added 0.65 percent.
STOCKS IN NEWS
Redington
Redington shares dropped almost 2 percent on Tuesday after the company said operations of its arm in the Gulf region are being carried out in a restricted manner due to ongoing geopolitical tensions. The shares have been falling for the past five trading sessions and have dropped more than 12 percent during this period.
Fractal Analytics
Fractal Analytics shares rose about 3.6 percent on Tuesday after the company announced the launch of LLM Studio, an enterprise platform aimed at enabling GenAI customisation using NVIDIA NeMo and NVIDIA NIM Microservices.
MTAR Technologies
Defence shares gained over 5.5 percent on March 17 after falling for four consecutive sessions as Pakistan launched airstrikes on Afghanistan’s capital on Monday night, triggering a fresh exchange of accusations between the neighbors and raising the risk of a major escalation.
Shree Renuka
Sugar stock Shree Renuka, along with others, rose to over 1 percent on March 17, a day after the food ministry approved an additional export quota of 87,587 tonnes of sugar for the 2025-26 marketing year (October-September), following requests from sugar mills.
Eternal
Shares of Eternal Ltd, the parent of Zomato and Blinkit, emerged as the top market gainer on March 17 amid value buying and a brokerage seeing up to 80% upside in the next 12 months. Eternal shares fell 40% from their recent highs, and investors saw value in the stock again as it climbed over 5.59 percent on March 17.
Source – Moneycontrol
