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POST-MARKET REPORT
The equity benchmarks ended higher on March 20, and extended the winning run to a third consecutive session on buying across sectors, except information technology.
At close, the Sensex was up 190.75 points, or 0.26 percent, at 72,831.94, and the Nifty was up 84.80 points, or 0.39 percent, at 22,096.80.
Top Nifty gainers included UPL, Maruti Suzuki, Hero MotoCorp, Bajaj Auto, and Sun Pharma, while losers were Wipro, Infosys, LTIMindtree, HCL Technologies, and TCS.
Among the sectors, Metal, auto, realty, FMCG, capital goods, healthcare and power were up 0.5-1 percent, while the information technology index was down 2 percent.
Considering broader markets, The BSE midcap index was up 0.3 percent, and the smallcap index was up 1 percent.
The rupee depreciated 35 paise to settle at an all-time low of 83.48 against the US dollar.
STOCKS TODAY
Amber Enterprises: Shares of Amber Enterprises rallied 4 percent after global brokerage firm CLSA shared a “buy” rating on the counter amid attractive valuations, raising the target price to Rs 4,300, implying an upside of over 19 percent from the current level.
Prestige Estates: The Prestige Estates stock surged 4.9 percent after the company acquired 62.5 acres of land in Indirapuram Extension, NCR. The cost of acquisition is Rs 468 crore, along with a revenue share.
Bharat Dynamics: Shares of Bharat Dynamics gained 1.4 percent after the company’s board approved a split of its shares and also declared an interim dividend for FY23-24. The board of directors at a meeting on March 21 declared an interim dividend of Rs 8.85 per share for the financial year 2023-24.
TCS: TCS and other IT stocks fell on March 22 after Accenture cut revenue guidance as an uncertain economy made clients slash spending on consulting services.
Indus Towers: Shares of Indus Towers surged 9.99 percent and hit the upper circuit with strong trade volumes in the session. Three crore shares changed hands as compared to the monthly average of 2 crore.
HDFC Asset Management: The HDFC Asset Management stock surged nearly 3 percent with high volumes. Nine lakh shares changed hands compared to the monthly average of 5 lakh.
Ramco Cements: The Ramco Cements stock fell 1.3 percent with huge trading volumes. As many as 22 lakh shares were traded compared to the monthly average of 5 lakh.