POST MARKET
Indian benchmark indices 2 percent lower amid broad-based selling across sectors, continued depreciation of the rupee, and lingering uncertainty over the de-escalation of the US–Iran conflict.
At close,
Sensex ↓ down 1,690.23 points or 2.25 percent at 73,583.22
Nifty ↓ down 486.85 points or 2.09 percent at 22,819.60.
About 765 shares advanced, 3420 shares declined, and 123 shares remained unchanged.
Top losers – Shriram Finance, Tata Motors Passenger Vehicles, InterGlobe Aviation, Reliance Industries, and Bajaj Finance
Top gainers – ONGC, TCS, Wipro, Bharti Airtel, and Coal India.
All sectoral indices closed in the red, led by sharp losses in PSU banks and realty, which declined more than 3% each. Auto, consumer durables, capital goods, and private banks fell 2% each.
Broader markets mirrored the weakness, with the Nifty Midcap index dropping 2.2% and the Smallcap index declining 1.7%.
STOCKS IN NEW
HDFC Bank
HDFC Bank shares declined over 3 percent on Friday amid reports that markets regulator Securities and Exchange Board of India (SEBI) has initiated a preliminary review of Atanu Chakraborty’s resignation letter for possible violations of rules governing directors of listed companies.
Interglobe Aviation
Parent company of Indigo Airlines Interglobe Aviation, dipped down over 4 percent on Friday, as Brent crude remained above the USD 100 per barrel mark, raising concerns over higher input costs and inflationary pressures.
Eternal
Eternal, parent company of Zomato and Blinkit, fell almost 4 percent, on fears of impact on its delivery business. This fear is due to Brent crude prices staying above the USD 100 per barrel mark, raising concerns over higher input costs and inflationary pressures.
Tata Motors Passenger Vehichles
Shares of Tata Motors Passenger Vehicles fell nearly 5 percent on March 27 to emerge as top Nifty loser a day after the Tata Motor-owned Jaguar Land Rover has temporarily halted production on some of its car lines at its Solihull plant in Britain, citing a parts issue involving a supplier.
Source – Moneycontrol
