POST MARKET
Indian equity indices staged a strong rebound on March 20, supported by broad-based buying across sectors.
At close,
Sensex ↓↑ up 325.72 points or 0.44 percent at 74,532.96
Nifty ↑ up 112.35 points or 0.49 percent at 23,114.50.
About 2330 shares advanced, 1764 shares declined, and 152 shares remained unchanged.
Top gainer – JSW Steel, Tech Mahindra, Coal India, Tata Steel, Infosys
Top losers – Hindalco Industries, HDFC Bank, HDFC Life, Shriram Finance, ONGC.
Except media, private bank, realty, all other sectoral indices ended in the green with telecom, IT, metal, pharma, PSU Bank up 1-2%.
Among the broader market indices, the Nifty midcap index rose 0.6%, while the smallcap index ended flat.
STOCKS IN NEWS
Tata Power Company
Shares of Tata Power rose over 1 percent on March 20 after the Gujarat government approved a revised power supply pact with Tata Power. This clears the way for the company to resume long-term supply from its 4-gigawatt Mundra plan.
Natco Pharma
Shares of Natco Pharma were went up over 2.5 percent higher on March 30 after the firm announced launch of Semaglutide Injection (multi-dose vials) in the India market tomorrow on Day 1 of patent expiry. The company said it plans to launch Semaglutide injection in the form of multi-dose vials of strengths 2mg/1.5ml, 4mg/3ml, and 8mg/3ml under the brand names SEMANATTM and SEMAFULLTM.
HPCL
Shares of oil marketing company (OMC) HPCL advanced over 4.3 percent on Friday, as easing crude oil prices and a broader market rebound lifted sentiment across the energy space. Other oil & gas shares also traded higher.
HDFC Bank
Shares of HDFC Bank extended losses for a second straight session on Friday, falling over 2.15 percent. The loss is following the sudden resignation of part-time chairman Atanu Chakraborty, who cited differences over “values and ethics”, raising concerns around governance.
Eternal
Shares of Zomato parent company Eternal hiked almost 2 percent, despite the food delivery platform increasing its platform fee to Rs 14.9 from Rs 12.5 per order.
Source – Moneycontrol
