Stock Market at Close: Sensex, Nifty Slide; All Sectors End in Red

The Indian stock market ended in the red on March 19, 2024, with all sectors ending in the red. At close, Sensex was down 736 points at 72,012.05 while Nifty shed 238 points and ended the session at 21,817.45.

Around 1,242 stocks advanced and 2,575 declined while 111 stocks remained unchanged.

All sectoral indices ended in the red with Healthcare, IT, FMCG, Capital Goods, oil & gas, and power down 1-2 percent.

Top Nifty50 Gainers

Top Nifty50 Losers

Asian Markets

Japan’s Nikkei 225 index ended above 40,000 on Tuesday after the country’s central bank raised interest rates for the first time since 2007. Japan’s Nikkei 225 whipsawed following the news but ended the day 0.66% higher at 40,003.60. The broader Topix closed 1.06% higher at 2,750.97. South Korea’s Kospi fell 1.10% to close at 2,656.17, while the small-cap Kosdaq inched 0.29% lower to end at 891.91. Hong Kong’s Hang Seng index slid 1.13%, and the mainland Chinese CSI 300 closed 0.72% lower at 3,577.63, according to a CNBC.com report.

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European Markets

European markets were flat Tuesday as global investors look ahead to the start of the US Federal Reserve’s two-day policy meeting. The pan-European Stoxx 600 was down 0.02% in early deals, CNBC.com reported. FTSE shed 0.02 percent at 7,720.70 while CAC added 0.32 percent at 8,174.25. German DAX added 0.25 percent at 17,977.72.

Stocks in News

TCS: down 4.37%

Share price of Tata Consultancy Services shed over 4 percent on March 19. Tata Sons has offered to sell 2.34 crore shares of Tata Consultancy Services at Rs 4,001 per share through block deals to raise up to $1.1 billion, reported Bloomberg.

RPP Infra: up 5%

The stock price of RPP Infra jumped 5 percent after the company announced receiving a Rs 94.13 crore order form the State Industries Promotion Corporation of Tamilnadu Limited (SIPCOT). “…. has received a letter of acceptance for a new project for formation of Northern, Western and Eastern Side Internal Roads (10.20 M & 30 M wide), Construction of RCC Drain, RCC Culvert, Minor Bridges, Providing Pipe causeway and Street Light arrangements in SIPCOT Industrial Park, Shoolagiri, Hosur Phase-IV at a contract price of Rs 94.13 crore (Incl of GST),” the company said in its release.

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