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The Indian equity market failed to build on its early gains and ended with little change in yet another volatile session, with the Nifty closing below the 25,500 mark.
At close,
Sensex ↓ down 27.46 points or 0.03 percent at 82,248.61
Nifty ↑ up 14.05 points or 0.06 percent at 25,496.55.
About 2058 shares advanced, 1973 shares declined, and 142 shares unchanged.
Top gainers – Bharat Electronics, Adani Ports, Sun Pharma, Bharti Airtel, Maruti Suzuki
Top losers – Power Grid Corporation, Trent, Bajaj Finserv, HDFC Bank, and Eternal.
Among sectors, auto, pharma, oil & gas, PSU Bank, telecom, and metal added 0.4-1%, while the media index shed 0.7%.
Among the broader market indices, the Nifty Midcap index rose 0.6%, while the smallcap index ended flat.
STOCKS IN NEWS
Tejas Networks
Tejas Networks shares rose to the upper circuit of 20 percent on February 26 as the firm announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive multiple-input multiple-output radios. This partnership will accelerate wireless innovation by using Tejas Networks’ expertise in carrier-class product development for global telecommunication companies.
Pine Labs
Shares of Indian payments company Pine labs edged almost 5 percent lower on Thursday after a Bloomberg report said Apple Inc. is in talks with banks and card networks to launch Apple Pay in India around mid-2026, raising fresh questions about competitive intensity in the country’s crowded digital payments space.
Cholamandalam Investment and Fin Co
Shares of Cholamandalam Investment & Finance Company Ltd closed 0.5 percent lower after Murugappa Group scion Vellayan Subbiah has reached a settlement with other promoter branches to re-align ownership across key group companies.
E2E Networks
E2E Networks shares ended over 1.5 percent higher on February 26 after the artificial intelligence-related firm announced Qualified Institutional Placement (QIP) at floor price of Rs 2,630.6 per share.
Source – Moneycontrol
