Benchmark indices ended higher; All the sectors closed in green except banking; Broader indices outperformed benchmark indices


The benchmark indices ended on a positive note on March 14 and also erased some of the previous session losses amid buying across the sectors. At close, Sensex was up 335.39 points or 0.46 percent at 73,097.28 and Nifty was up 149 points or 0.68 percent at 22,146.70.

Top gainers on the Nifty included Adani Enterprises, Adani Ports, Hero MotoCorp, Hindalco Industries and ONGC, while losers included Axis Bank, IndusInd Bank, Bajaj Finance, Tata Steel and JSW Steel.

Among the sectors, Except for banks, all other sectoral indices ended in the green with telecom, power, oil & gas adding 3 percent each, while auto, capital goods, FMCG, Information Technology, healthcare, and metal rose 1-2 percent.

Broader indices outperformed the main indices with the BSE Midcap index rising 2.2 percent and Smallcap index gaining 3 percent.


SpiceJet Ltd: Spicejet surged 7.4 percent in early trading as it finalized lease agreements for 10 aircraft to boost capacity for the upcoming summer schedule, aimed at meeting heightened passenger demand. This move reinforces the airline’s commitment to seamless connectivity and addressing increased travel needs during peak seasons, the company said.

SJVN Ltd: Shares of SJVN jumped around 18 percent after SJVN Green Energy Limited received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 500 MW solar project. The project, estimated at Rs 2,700 crore, will be developed at GIPCL Solar Park in Khavda. SGEL previously won the project through tariff-based competitive bidding and will operate it on a build-own-and-operate basis.

Ashoka Buildcon: Ashoka Buildcon surged 12 percent following its decision to acquire a 50 percent stake in GVR Ashoka Chennai ORR (CORR). The company entered into a share purchase agreement with GVR Infra Projects, acquiring 9.45 crore shares, representing half of CORR’s share capital, for Rs 185 crore.

One97 Communications: Paytm parent One97 Communications gained 0.4 percent ahead of the RBI’s March 15 deadline for Paytm Payments Bank services to wind up several of its offerings. This follows a partnership announcement with the State Bank of India for consumer UPI payments. Paytm, leveraging Paytm Payments Bank Limited (PPBL) for UPI services, aims to transition into a third-party application provider (TPAP) following RBI’s actions on PPBL on January 31, aligning with competitors PhonePe and Google Pay.

Coforge: Shares of Coforge slipped 3.5 percent in early deals on March 14 after the IT services company announced that its board will meet on March 16 to consider plans to raise funds. If approved, the funds will be raised through the issuance of equity shares or any other eligible securities through permissible modes, including but not limited to a private placement, a qualified institution’s placement, a preferential issue, or any other method.

Adani Green Energy: Shares of Adani Green Energy gained nearly 7 percent at open, a day after its subsidiary signed a power purchase agreement with Solar Energy Corporation of India (SECI) for 534-MW solar power projects.