In the latest updates from the stock market, the Sensex and Nifty have been on a rollercoaster ride in the first half of the special trading session today. The Nifty Private Bank sector emerged as the only sectoral loser, with top losers from the private banking space making headlines.
As the first session came to a close, the top gainers and losers were revealed, providing insights into the market trends. The Sensex heatmap at the end of the first session showcased the performance of various stocks and sectors.
Despite the ups and downs, both the Nifty and Sensex ended the first session at record highs, setting the stage for the second session scheduled to begin at 11:30 am. The realty sector saw some significant gains, while specific Nifty50 stocks hit fresh 52-week highs.
In the BSE Smallcap index, there was a rise of 0.61%, with a detailed look at the gainers and losers from this segment. Media stocks also bounced back, with Zee emerging as the top gainer in this category.
In other news, private lender Axis Bank announced plans to raise up to Rs 4,000 crore through non-convertible debentures, with a base issue of Rs 1,000 crore and a green shoe option worth Rs 3,000 crore. Additionally, Jio Financial has been added to BSE Allcap and LargeMidcap indices in a major rejig effective from March 18.
However, not all news was positive, as the finance ministry’s Financial Intelligence Unit-India imposed a fine of Rs 5.49 crore on Paytm Payments Bank for violating obligations under the Prevention of Money Laundering Act.
Overall, the stock market continues to be dynamic and full of surprises, with various factors influencing the trading day. Stay tuned for more updates as the trading session progresses.
