Nifty, Sensex Continue to Remain Weak Due to Weakness in Global Markets - Wednesday Closing Report
Moneylife Digital Team 15 March 2023
On Wednesday the Bombay Stock Exchange (BSE), 1518 stocks advanced, 2011 declined and 114 remained unchanged with advance decline ratio of 0.75, indicating a negative closing of stocks in broader markets.
The trend of the major indices on Wednesday’s trading is given in the table below:
Indian makets followed global markets lower on fresh worries about the health of global banking, as the Saudi National Bank said they will no longer provide support for Credit Suisse.
On NSE, 21 securities advanced and closed at new 52 week high whereas 91 securities sank to close at their new 52-week lows.  
In sectoral indices, Nifty Media, Nifty PSU Bank and Nifty FMCG were among the biggest losers. Nifty Metal and Nifty Pharma were among the biggest gainers.
Indian rupee closed at 82.60/$ against previous close of 82.49/$.
IOC (+1.16%) board approved incorporation of arm to undertake low carbon, new, clean & green energy businesses.
KEC international (+2.63%) won new orders worth Rs1,028 crores.
Cipla (+0.68%) sold 51.8% stake in its Ugandan subsidiary Cipla Quality Chemical Industries to Africa Capitalworks SSA 3 for $25-30 million.
RailTel Corp (+2.05%) received an order worth ₹287 crore from the Ministry of Electronics and IT. The contract includes installation and commissioning of IT infrastructure at data centres in New Delhi and Bengaluru.
NBCC (India) (+0.56%) bagged an order of ₹500 crore to build a medical college and hospital from the Puducherry government.
Dreamfolks (+3.89%) entered in to an agreement with Visa Worldwide Pte to launch global duty-free services program.
KPI Green received commissioning certificates from Gujarat Energy Development Agency. 
Sonata Software (-0.93%) was chosen as TOP SI partner for Bayer’s new agri-food cloud solution.
TCS (-0.50%) bagged order from Envestnet Data & Analytics for digital transformation.
EKI Energy (+5.00%) bagged tender from Kochi Metro Rail for consulting services on carbon credits project.
Paras Defence (+2.92%) signed MoU with CONTROP Precision, Israel to form a JV in India for manufacturing electro-optic systems for various applications.
Ramkrishna Forgings (+5.97%) & Titagarh Wagons (+1.31%) emerged as the Lowest Bidder for Manufacturing and Supply of Forged Wheels under Aatma-Nirbhar Bharat by Ministry of Railways.
Zydus Wellness (-0.33%) promoters bought around 30,000 shares through open market. Geojit Financial Services promoters sold net 44,017 shares through open market. Indo Amines promoters sold net 26,510 shares through open market. Mahindra Holidays and Resorts India director sold net 9,485 shares through open market. R Systems International immediate relative sold net 43,282 shares through open market. Stel Holdings promoters bought net 16,500 shares through open market. Vineet Laboratories director bought net 1,50,620 shares through open market. Mukand (+0.07%) promoters bought net 57,856 shares through open market. Pudumjee Paper Products promoters bought net 35,726 shares through open market.
Mahindra & Mahindra sold net 22,980,000 shares through open market. Choice International promoters bought net 390,000 shares through open market.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
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