PRE MARKET
Indian equity indices ended lower for the third consecutive session on March 13, amid weaker global cues and rising geopolitical tensions, which pushed crude oil prices higher.
At close
Sensex ↓↑ down 1,470.50 points or 1.93 percent at 74,563.92
Nifty ↓ down 488.05 points or 2.06 percent at 23,151.10.
About 899 shares advanced, 3200 shares declined, and 125 shares were unchanged.
Top losers – Hindalco, L&T, Tata Steel, UltraTech Cement, JSW Steel
Top gainers – Tata Consumer, HUL, Bharti Airtel.
All other sectoral indices ended in the red, with auto, PSU Bank, metal, and media, PSU Bank down 3-4%.
Among the broader market indices, the Nifty Midcap and smallcap indices shed 2.5% each.
STOCKS IN NEWS
NALCO
Metal stock National Aluminium Company Limited (NALCO) fell over 5.5 percent on March 13 as the dollar rose to a more than three-month high on Friday and was set for its second weekly gain since the beginning of the war in Iran, as turmoil in markets left it the last safe-haven standing.
Solex
Shares of renewable energy company Solex went down almost 5.5 percent on March 13, a day after a sharp rally across the sector, as broader market weakness and profit booking weighed on several solar and wind stocks.
Larsen and Toubro
Shares of engineering major Larsen & Toubro (L&T) declined almost 7.5 percent on March 13 as the US-Iran war continues unabated. The heavyweight stock fell over 20% in March so far, and its market capitalisation went below the Rs 5 lakh crore mark.
KPI Green Energy
The company shares went over 2 percent, after the company has energised an additional 35 MWp of solar capacity, taking its total operational IPP capacity to 589 MWp. With projects currently in hand, the company remains well on track to commission an additional
1,582 MWp in the near term, which will expand its total IPP portfolio to 2.17 GWp.
Source – Moneycontrol
