Amid soft global cues, the stock market performance remained subdued with the auto sector facing major tariff brunt by the US Prime Minister Donald Trump. At closing, Sensex was at 77,606.43, up 317.93 points (+0.41%) ad Nifty 50 closed at 23,591.95, up 105.10 points (+0.45%).
Auto (-1%) and pharma (-0.4%) were top laggards, while all other sectoral indices closed in positive territory, with media, oil & gas, and realty gaining 1% each. The BSE Midcap index edged up 0.5%, while the Smallcap index climbed nearly 1%.
Top gainers:IRM Energy (CMP: Rs 276.30 ; up 4.03%)
IRM Energy share prices jumped 14 percent with news of he company having secured five-year contract with Shell Energy India. It pertains to the supply of Regasified Liquefied Natural Gas (RLNG) wherein IRM Energy will procure 1.23 crore MMBtu of gas.Newgen Software Tech (CMP: Rs 10009 ; up 4.23%)
Newgen Software shares surge over 4% after the company announced that it has secured a five-year contract worth $1.28 million. The last six months saw the stocks shed 30 percent due to weak global cues and broader markets bloodbath.GAIL (CMP: Rs 181.56 ; up 4.30%)
GAIL India’s stock climbed 3.43% to Rs 180.25, drawing strong investor interest amid an unexpected surge in trading volumes. The sharp movement suggests heightened market optimism surrounding the stock's recent performance and volume activity.BSE (CMV: 4684 ; up 4.69%)
BSE Ltd. surged 4% after the exchange announced it will consider a bonus share issue in its upcoming board meeting on March 30. The news, disclosed post-market on March 25, sparked renewed investor interest.HDFC Bank (CMP: Rs 1825 ; up 1%)
HDFC Bank shares witnessed slight gains amid higher than its 20-day average trading volume. The stock prices went up by over 1%. Global brokerage firm Goldman Sachs has a price target of Rs 2,090 per share on the banking stock.Top Losers:Tata Motors (CMP: Rs 668.55 ; down 5.61%)
Tata Motors shares slumped 7% to Rs 661 on March 27 as investors weighed the impact of Donald Trump’s proposed 25% tariff on imported cars, set to take effect on April 2. Uncertainty remains over whether the tariffs will target specific countries or all non-US automakers, raising concerns for Tata Motors’ Jaguar Land Rover (JLR) division.Bharat Forge (CMP: Rs 1159 ; down 2%)
Bharat Forge share price declined over 3 percent following a day next to its announcement of inked deals worth Rs 6,900 crore with Bharat Forge and Tata Advanced System. It accounts to 60% of the Rs 6,900 crore-worth procurement by Ministry of Defense.JB Chemicals (CMP: Rs 1615 ; down 5.45%)
Pharma shares were under selling pressure due to lingering fear about reciprocal tariffs, pushing Nifty Pharma index down by 1.4 percent. J B Chemicals shares were the top loser on the index, falling nearly 7 percent.Capri Global Capital (CMP: Rs 164.90 ; down 15.38%)
The stock shrunk 28% from highs as 11 crore shares of the capital firm changed hands, following Wednesday’s 16% surge on 4.67 crore traded shares. The stock, at the highest point of the day, until 12:30 PM on Thursday, was trading with gains of up to 13%
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