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POST-MARKET REPORT
The benchmark indices opened on a negative note and extended the losses with Nifty and Sensex breaking 21,800 and 72,000, intraday, amid selling across the sectors.
At close, the Sensex was down 736.37 points, or 1.01 percent, at 72,012.05, and the Nifty was down 238.20 points, or 1.08 percent, at 21,817.50.
The biggest losers on the Nifty included TCS, BPCL, Tata Consumer Products, Tata Consumer and Nestle India, while gainers were Bajaj Finance, Bajaj Auto, Kotak Mahindra Bank, Hindalco Industries and Bharti Airtel.
All the sectoral indices ended in the red with Healthcare, IT, FMCG, Capital Goods, Oil & Gas, and Power segments down 1-2 percent.
Considering Broader markets, BSE Midcap and Smallcap indices shed 1 percent each.
The rupee depreciated 12 paise to 83.02 against the US dollar.
STOCKS TODAY
Paytm: The share price of One 97 Communications, the parent company of Paytm, extended the previous session’s gains on March 19 to trade nearly 5 percent higher. The stock has gained 14 percent in three days. The sharp rally comes as Yes Securities upgraded the payments company stock to “buy” from “neutral” and raised the target price to Rs 505 from Rs 350.
REC: State-owned REC’s board on Tuesday approved a third interim dividend of Rs 4.5 per share with face value of Rs 10 each for 2023-24. Earlier, the company has already announced two interim dividends, totaling Rs 6.5 per share for the current fiscal.
Lemon Tree Hotels: The share price of Lemon Tree Hotels price gained after the company signed a license agreement for Lemon Tree Hotels Agartala, Tripura. This is the first property of Lemon Tree Hotels in Tripura and is expected to open in FY27. The said property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary and the management arm of Lemon Tree Hotels Limited.
Veritas: The Veritas (India) share price touched a 52-week high after the company received a Rs 155.85-crore order from the Brihanmumbai Municipal Corporation (BMC). The company has received a Letter of Acceptance from BMC of Rs 155.85 crores for development, implementation, maintenance of 3D City model & change detection using Geospatial Technology for BMC,” the company said in its release.
Aditya Birla Sun Life: Aditya Birla Sun Life AMC fell around 2 percent a day after the company reported that promoters Aditya Birla Capital and Sun Life (India) AMC Investments had approved the sale of up to 2.01 crore shares.
Sonata Software: Shares of Sonata Software were up more than 3 percent in the opening trade on March 19 after the company signed a joint Go-to-Market agreement with end-to-end IT solutions and cloud-managed services provider.