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Reading: Shriram Finance and Tata Steel Surge, IT Stocks Weigh on Market
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Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Economy > Shriram Finance and Tata Steel Surge, IT Stocks Weigh on Market
Economy

Shriram Finance and Tata Steel Surge, IT Stocks Weigh on Market

Economy Desk By Economy Desk March 19, 2025 2 Min Read
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Shares of Shriram Finance, HDFC Life, Tata Steel, Power Grid, and Apollo Hospitals were among the top gainers of Nifty 50 components.

On the other hand, Tech Mahindra, TCS, Infosys, HCL Tech, and ITC were the major laggards, dragging the IT stocks down.

The broader index fluctuated as a result of the IT stocks dragging due to global factors. Sensex was trading marginally higher by 107.08 points or 0.14% at 75,408.34 as of 1.11 pm, while Nifty 50 rose by 50.75 points or 0.22% to 22,885.05.

Shriram Finance stock led the gainers with a 4.59% increase to ₹671.75, followed by HDFC Life with a 2.92% gain to ₹659.25. Tata Steel surged by 2.34% to ₹158.25, while Power Grid and Apollo Hospitals rose by 2.33% and 2.21% respectively.

On the losing side, Tech Mahindra fell by 2.23% to ₹1,398.8, TCS declined by 2.20% to ₹3,474.45, and Infosys and HCL Technologies both saw a decline of 2%.

ITC shares were trading at ₹403.6, lower by 1.34%.

Of the 2,918 stocks traded on the NSE, 2,339 advanced while only 510 declined. Stocks like GRSE, Cochin Shipyard, Sagility, and KPI Green hit the upper circuit.

Among the Sensex pack, GRSE, Tanla, and Ideaforge rallied by 20-15%, while Mastek, Phoenix Mills, Avanti Feeds, and Sarda Energy dropped over 3%.

Overall, the market saw a mix of gainers and losers with the IT sector dragging down the index while metal stocks saw gains following government recommendations on safeguard duty for steel imports.

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