Sensex, Nifty at Day’s Low Dragged by Oil & Gas Stocks; Auto, PSU Bank down 2% Each

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by Sandip Das on 15 March 2024,  5 min read

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The Indian stock market was trading at the day’s low intraday on March 15, 2024. At 12:35 PM, Sensex was down 550 points at 72,546.76 while Nifty shed 198 points and was trading at 21,948.70.

Around 1,220 stocks advanced and 2,511 declined while 111 stocks remained unchanged.

Among the sectors, the oil & gas sector declined over 4 percent followed by the auto and PSU Bank index which were down over 2 percent each. However, some buying was seen in the FMCG space.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
UPL 472.85 2.33
ITC 428.45 2.10
Bharti Airtel 1212.8 1.52
Britannia Industries 4989 1.01
Bajaj Finance 6454.9 0.90
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
BPCL 560.4 -7.94
Coal India 403.05 -5.76
ONGC 249.25 -5.32
NTPC 308.9 -4.02
Mahindra & Mahindra 1832.45 -3.07
Stocks in Action
Paytm: up 5%

One97 Communications (Paytm) share price spiked 5 percent hitting the upper circuit of Rs 370.90 per share on BSE. This comes after a nod to become a third-party UPI app.

Also read: HUL, Narayana Hrudayalaya Top 2 Stocks Which Can Fetch Good Returns

National Payments Corporation of India (NPCI) approved One97 Communications Limited to participate in UPI as a Third-Party Application Provider (TPAP) under a multi-bank model, Paytm said in an exchange filing.

“Four banks (Axis Bank, HDFC Bank, State Bank of India, YES Bank) shall act as PSP (Payment System Provider) banks to OCL. YES Bank shall also be acting as a merchant acquiring bank for existing and new UPI merchants for OCL. The “@Paytm” handle shall be redirected to YES Bank. This will enable existing users and merchants to continue to do UPI transactions and AutoPay mandates seamlessly and uninterruptedly,” the company added.

RailTel Corporation of India: up 1.65%

The share price of RailTel Corporation jumped 7 percent but came off the day’s high. The company received a work order from the Odisha Computer Application Centre (OCAC) amounting to Rs 113.46 crore. It will establish IP-MPLS network connectivity in Odisha under OdishaNet Phase 1.0.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.

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