POST MARKET
In a highly volatile session on the first day of the March series, Indian benchmark indices ended on a flat note, with the Nifty closing below 25,500.
At close,
Sensex ↑ climbed 50.15 points or 0.06 percent at 82,276.07
Nifty ↑ up 57.85 points or 0.23 percent at 25,482.50
About 1966 shares advanced, 2064 shares declined, and 161 shares remained unchanged.
Top losers – SBI, ITC, Bharti Airtel, Adani Ports, Reliance Industries
Top gainers – Tata Steel, HCL Technologies, Bajaj Auto, Shriram Finance, Adani Enterprises.
On the sectoral front, the auto, healthcare, IT, metal, and pharma sectors are up 1-2 percent, while the telecom index is down 1%. The FMCG and PSU Bank sectors are down 0.4% each.
Broader indices outperformed with the Nifty Midcap index adding 0.5%, and the smallcap index rising 1%.
STOCKS IN NEWS
Waaree Energies
Shares of Indian solar company Waaree Energies ended 10 percent, after paring losses from early lows, following clarifications that the US countervailing duties apply only to India-made solar cells. However, key stocks such as Waaree Energies and Premier Energies remained sharply lower by the close, reflecting persistent investor caution around export exposure.
SpiceJet
Shares of low-cost airline SpiceJet ended over 1 percent lower on February 25 after 8.4% equity was traded in a block deal. Nearly 15 crore SpiceJet shares changed hands in bunched trade. The stock fell for the seventh straight session, thus extending its seven-session fall to 25 percent.
Lupin
Drug firm Lupin rose almost 2 percent on Wednesday, saying it has received approval from the US health regulator to market a generic medication for treating seizures.
Tata Elxsi
Shares of Tata Elixsi went up almost 2 percent along with other Tata group shares, on February 25, with stocks of Tata Motors Passenger Vehicles, and TCS are higher by up to three percent, tracking the broader market rally.
Source – Moneycontrol
