POST MARKET
Indian benchmark indices extended their rally for a third consecutive session on March 18, with the Nifty going past the 23,850 mark, intraday, supported by broad-based buying across most sectors and positive global cues.
At close,
Sensex↑ up 633.29 points or 0.83 percent at 76,704.13
Nifty ↑ up 196.65 points or 0.83 percent at 23,777.80.
About 3045 shares advanced, 1073 shares declined, and 128 shares remained unchanged.
Top gainers – Jio Financial, Tech Mahindra, Infosys, Eternal, M&M
Top losers – Coal India, NTPC, HUL, Cipla, and Sun Pharma.
Except for FMCG and metal, all other sectoral indices ended higher with realty, IT, auto, media, capital goods, consumer durables, telecom, and infra up 1-3%.
Nifty Midcap index rose 2 percent, and the smallcap index up 1.6%.
STOCKS IN NEWS
Hexaware Technologies
Hexaware Technologies shares rose more than 6.55 percent on Wednesday following the launch of ‘Agentverse’, an enterprise AI agent platform with over 600 ready-to-deploy AI agents aimed at helping organisations operationalise agent-based AI across business and technology functions.
Axis Bank
Axis Bank shares rose nearly 2 percent on March 18 after the country’s third-largest private lender said they had invested Rs 2,375 crore in Axis Finance over the past decade, plans to complete the infusion by March 2027 through a cash consideration in one or more tranches.
DEE Development Engineers
Due to the ongoing fighting in West Asia, traffic movement in the Strait of Hormuz was disrupted and export orders of D Development Engineers to Middle East customers were affected. Shares fell over 10 percent. According to the company, some shipments which were to be sent in the near future are now at risk of delay or cancellation.
Varun Beverages.
Varun Beverages shares jumped 2.25 percent, following an agreement by Varun Beverages subsidiary Bevco to acquire a 100% stake in South African company Crickle. The transaction has an enterprise value of approximately ₹131.46 crore.
Urban Company
Urban Company shares hiked over 10 percent on Wednesday after SBI Mutual Fund bought a stake worth Rs 632 crore in the company.
Source – Moneycontrol
