Top gainers and losers, March 17: Eternal rallies 6%, Tata Steel up 4%, Wipro down 2% The SENSEX and NIFTY50 indices closed higher for the second consecutive day on Tuesday, March 17, driven by buying activity in metal and capital market stocks. The SENSEX surged by 567.99 points or 0.75% to end at 76,070.84, while the NIFTY50 rose by 172.35 points or 0.74% to 23,581.15. The benchmark indices hit intraday peaks during the session, with the SENSEX reaching 76,304.26 and the NIFTY50 touching 23,656.80. Foreign institutional investors (FIIs) sold stocks worth ₹9,365.52 crore on Monday, while domestic institutional investors (DIIs) purchased equities totaling ₹12,593.36 crore. The NIFTY50 was supported by gains in Eternal, which closed 5.59% higher. Other top gainers included Tata Steel (4.42%), Mahindra & Mahindra (2.85%), HDFC Life Insurance Company (2.70%), and Bharat Electronics (2.67%). Bharat Electronics’ stock rose after the company announced additional orders worth ₹1,011 crore. Conversely, the top losers in the NIFTY50 were Wipro (-2.06%), Cipla (-1.51%), Tata Consumer Products (-1.39%), Infosys (-1.26%), and ITC (-1.23%). Wipro and Infosys shares fell amid a broad-based decline in the NIFTY IT index, which dropped 2.6% to a two-year low of 28,288.05. The NSE Midcap gauge rose 1.02% to 55,174.40, bolstered by gains in National Aluminium Company (6.41%), Steel Authority of India (5.74%), Coromandel International (3.92%), BSE Ltd (3.89%), and KPIT Technologies (3.58%). NTPC Green Energy was the top loser in the Midcap index, declining 2.55%, followed by Vishal Mega Mart (-2.36%), Persistent Systems (-2.35%), Hindustan Petroleum Corporation (-2.20%), and Tata Elxsi (-2.19%). The NIFTY Smallcap index advanced 0.65% to 15,912.90. Top gainers included Data Patterns (6.#eternal #mahindra_mahindra #tata_steel #hdfc_life_insurance_company #bharat_electronics
Sedemac Mechatronics IPO: Key Details and Overview Sedemac Mechatronics is launching an initial public offering (IPO) with a price band of ₹1,287 to ₹1,352 per share. The offering is exclusively an offer for sale (OFS) of 80.43 lakh equity shares, valued at ₹1,087.45 crore. Promoters Ashwini Amit Dixit and Manish Sharma, along with investor selling shareholders, are divesting their stakes through this OFS. Notable selling shareholders include HDFC Life Insurance Company, A91 Emerging Fund II LLP, Xponentia Capital Partners, 360 One Group, NRJN Family Trust, and Mace Pvt Ltd. The IPO does not generate proceeds for Sedemac Mechatronics, as it is entirely an OFS. The company specializes in supplying control-intensive electronic control units (ECUs) to original equipment manufacturers (OEMs) in the mobility and industrial sectors. Its products are distributed across India, the United States, and Europe. Key clients include Kirloskar Oil Engines, TVS Motor Company, Briggs and Stratton LLC, Bajaj Auto, and DEIF India. The IPO’s allotment and listing dates are yet to be finalized, but investors can check their allotment status through platforms like the National Stock Exchange (NSE) and MUFG Intime India. Additionally, Moneyview has submitted draft papers to the Securities and Exchange Board of India (SEBI) for the IPO. Other market updates include surges in shares of Electrosteel Castings, Gallantt Ispat, and IOL Chemicals following promoter stake purchases. Meanwhile, Samvardhana Motherson’s shares rose due to a joint venture approval and an interim dividend declaration. Firstsource’s stock also gained traction after the company introduced new technology.#manish_sharma #sedemac_mechatronics #hdfc_life_insurance_company #ashwini_amit_dixit #a91_emerging_fund_ii_llp
