POST MARKET
Indian equity indices ended lower for the second consecutive session on March 9 amid rising geopolitical tensions, which pushed crude oil prices to their biggest jump since 2020. Weak global markets and the rupee hitting a new low also weighed on investor sentiment.
At close,
Sensex ↓↑ down 1,352.74 points or 1.71 percent at 77,566.16,
Nifty ↓ down 422.40 points or 1.73 percent at 24,028.05.
About 941 shares advanced, 3224 shares declined, and 166 shares were unchanged.
Top gainers – Wipro, Sun Pharma, Apollo Hospital, Reliance Industries, Infosys.
Top losers – Tata Motors Passenger Vehicles, Eicher Motors, Bajaj Auto, UltraTech Cement, Maruti Suzuki.
All the sectoral indices ended in the red with Auto, Capital Goods, Consumer Durables, Metal, PSU Bank, Oil & Gas, and Private Bank down 2-4%.
Broader indices underperformed, with Nifty Midcap and Smallcap indices shedding 2 each.
STOCKS IN NEWS
Tata Motors Passenger Vehicles
Shares of the automobile company TMPV fell over 5 percent on March 09 as a surge in crude oil prices dampened investor sentiment. The Nifty Metal index extended losses for a second straight session.
Petronet LNG
Shares of gas-related company, Petronet LNG, rose by almost 4 percent on Monday after QatarEnergy halted production at a key liquefied natural gas (LNG) facility amid escalating tensions in the Middle East.
Meesho
E-commerce firm Meesho’s shares have hit 10% lower circuit on March 9 as the company has received an income tax demand notice of around Rs 1,500 crore, including interest, which the company plans to contest.
PG Electroplast
Shares of PG Electroplast slipped as much as 15 percent on Monday, dragging other consumer durable stocks lower after the company flagged a gas supply shortage due to maritime disruptions caused by the ongoing Middle East conflict.
Source – Moneycontrol
