Overnight Digest: Stocks to keep an eye on March 14!
Watch out for these large-cap stocks in Tuesday’s trading session!
Indian benchmark indices reversed earlier gains and finished sharply lower, weighed down by losses in the banking, auto and telecommunications sectors. All sectors were trading lower, with BSE Power and BSE Utilities having the least impact. The BSE Sensex plunged 1.52 per cent to 58,237 level at the close. The Nifty 50 index tumbled 1.49 per cent to a level of 17,154.
Watch out for these Large-Cap stocks in Tuesday’s trading session -
Tech Mahindra - After the company announced the appointment of Mr Mohit Joshi as Managing Director (MD) and Chief Executive Officer (CEO), shares of Tech Mahindra, the only Sensex gainer, experienced a strong rally and ended the session more than 6 per cent higher.
IndusInd Bank - Being the top Sensex loser, shares of the bank slumped more than 7 per cent, sharply dragging down domestic indices as analysts worried about a shorter tenure extension for its CEO. With losses of more than 2 per cent, the BSE Bankex reflected the global weakness in the banking sector as a result of the Silicon Valley Bank crisis.
Hindustan Aeronautics - The Ministry of Defence signed a contract with the company for the procurement of six Dornier-228 aircraft at a cost of Rs 667 crore. Following the ALH Dhruv accident off the coast of Mumbai, the navy has halted ALH Dhruv Helicopter operations until investigators determine the cause of the incident and precautionary checks are completed. Shares ended the session nearly 2 per cent lower.