Stocks To Watch Out: Indian equity markets saw another day of losses on Thursday, March 12, as global uncertainty and surging crude oil prices unsettled investor sentiment. Escalating geopolitical tensions pushed crude prices above the psychological mark of $100 per barrel, adding pressure on financial markets worldwide. Trading began on a weak note with the Nifty 50 opening below the 23,700 level. As the session progressed, selling pressure intensified, dragging the index to an intraday low of 23,556.30.
Although the market attempted a mild recovery later in the day and briefly hovered near the 23,700 mark, renewed selling in the final hour pushed the index close to its lowest point of the session.
By the end of trading, the BSE Sensex had fallen 829.29 points, or 1.08 per cent, to settle at 76,034.42. Meanwhile, the Nifty declined 227.70 points, or 0.95 per cent, closing at 23,639.15.
The sharp fall in benchmark indices reflected a cautious approach among investors who remained concerned about the potential economic impact of rising oil prices and ongoing geopolitical instability. Additionally, investors will be looking forward to some of the stock will remain in focus on Friday, March 12.
YES Bank: YES Bank shares will remain in focus on Friday, as it announced on Thursday that it has appointed Vinay Muralidhar Tonse as its managing director and chief executive officer for a three-year term, about a month after receiving approval from the Reserve Bank of India. The appointment was disclosed in an official statement issued by the private lender.
Larsen & Toubro, NCC Limited, Kalpataru Projects International, PNC Infratech, and KEC International: The Union Cabinet’s decision to extend the Jal Jeevan Mission (JJM) until December 2028 is expected to provide a strong boost to infrastructure companies. The programme’s total allocation has been significantly increased, more than doubling from Rs 3.6 lakh crore to Rs 8.7 lakh crore.
According to a recent note by brokerage JM Financial, companies such as Larsen & Toubro, NCC Limited, Kalpataru Projects International, PNC Infratech, and KEC International are among the key firms likely to benefit from the expanded programme.
A notable component of the revamped scheme is an additional central funding infusion of Rs 1.5 lakh crore.
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(This story will be updated)
Stocks To Watch Out For On March 13: YES Bank, L&T, NCC Ltd., KEC International & Other Major Shares To Track
