Sensex, Nifty Rise Led by Metals, Media Stocks; Tata Steel, M&M Top Gainers


by Sandip Das on 18 March 2024,  5 min read


The Indian stock market was trading in the green intraday on March 18, 2024. At 1:58 PM, Sensex was up 163 points at 72,806.77 while Nifty added 32 points at 22,055.90.

Around 1,970 stocks advanced and 1,868 declined while 140 stocks remained unchanged.

Among the sectors, buying was seen in metals, media, and the auto space which added 0.5-1 percent. These were followed by pharma and oil & gas. On the other hand, selling was witnessed in the IT and FMCG space.

Top Nifty50 Gainers
Company Name Last Traded Price (Rs) % Change
Tata Steel 148.35 4.69
Mahindra & Mahindra 1851.8 2.91
JSW Steel 800.3 2.52
Apollo Hospitals 6102.95 2.00
Tata Motors 964.65 1.99
Top Nifty50 Losers
Company Name Last Traded Price (Rs) % Change
UPL 465.15 -2.10
Tata Consumer 1188.4 -1.96
Adani Ports 1259.3 -1.85
Titan Company 3579 -1.49
Adani Enterprises 3093 -1.25
Asian Markets Trade Higher

Major Asian markets were trading in the green with Japan’s Nikkei adding 2.6 percent at 39,740.44. Kospi was up 0.71 percent at 2,685.84. Hang Seng was up 0.11 percent at 16,739.88.

Also read: Why Adani Group Stocks Are Down in Today’s Trade?
European Markets Rise

European markets at open on March 18, 2024, were trading in the green. FTSE was up 0.1 percent at 7,735.32 while CAC rose 0.14 percent at 8,175.80. German DAX gained 0.16 percent at 17,964.86.

Stocks on The Move
Adani Group Stocks Slide

Adani Group stocks were in focus on March 18, 2024, after reports of US probing Indian billionaire Gautam Adani and his Group over potential bribery. According to a Bloomberg report, US prosecutors are widening their probe of India’s Adani Group to focus on whether the company may have engaged in bribery as well as the conduct of the company’s billionaire founder.

DroneAcharya Aerial Jumps 5%

DroneAcharya Aerial Innovations’ share price rose 5 percent after the company secured a contract to supply IT hardware for the Indian Army’s drone lab in Jammu and Kashmir. The provision of IT hardware, including CPUs, monitors, keyboards, and mice, for the drone lab will contribute significantly to the establishment and operation of this state-of-the-art facility, it said.

“We are honored to have received this contract from the Indian Army for the establishment of the Drone Lab in J&K,” DroneAcharya founder and managing director Prateek Srivastava said.

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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