Top 5 stocks of the day: The Nifty 50 Index shift was negatively impacted by Infosys Ltd., TCS Ltd., ICICI Bank Ltd., HCDFC Bank Ltd., and HDFC Ltd. However, the move was being positively influenced by Kotak Mahindra Bank Ltd., Axis Bank Ltd., UltraTech Cement Ltd., Maruti Suzuki Ltd., and Bajaj Finance Ltd.
Top 5 stocks of the day: These stocks gained most in trade today
| Aegis Logistics | 346.55 | 28.45(8.94) |
| Mahindra CIE Automotive Ltd | 485.40 | 26.60(5.80) |
| Future Consumer | 1.00 | 0.05(5.26) |
| National Highways Infra Trust | 118.75 | 5.75(5.09) |
| Sterling and Wilson Renewable Enr | 309.30 | 14.90(5.06) |
| Edelweiss Financial Services | 40.45 | 1.90(4.93) |
| Timescan Logistics India | 170.80 | 7.80(4.79) |
| Prism Johnson | 128.35 | 5.80(4.73) |
| Capri Global Capital Ltd | 740.95 | 30.90(4.35) |
| Ambuja Cements | 456.85 | 17.80(4.05) |
Sensex, Nifty Advance For The Third Consecutive Day
Indian equities indices made a comeback from their lows to finish just a little bit higher. On Tuesday, the indices rose for a third straight day. Real estate and the car industries were dominating in trade while the IT sector was leading the downturn. The index was being dragged down by Infosys Ltd. and TCS Ltd., while Kotak Mahindra Bank Ltd. and Axis Bank Ltd. were leading.
Tuesday’s Asian markets were divided as Hong Kong’s opening gain ended with a weaker close. After the Reserve Bank of Australia increased its benchmark rate by 25 basis points to 4.1%, Australian shares fell.
Adani Group repays $2.65 billion in loans
In order to reduce overall leverage and regain investor confidence in the wake of the Hindenburg report, Adani Group completed a prepayment programme by repaying debts totaling $2.65 billion, according to the company. “The Group has fully prepaid the $2.15 billion in margin-linked share-backed financing by March 12, well ahead of the deadline of March 31, 2023. The founders also paid off a $700 million debt that was carried out to buy Ambuja Cement. The prepayment and $203 million in interest were made, the business stated in a statement. The company added that the promoters concluded a secondary deal of $1.87 billion (155 billion rupees) for four important listed firms with GQG Partners.
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