Market Update: SENSEX, NIFTY50 Rise; Key Stocks Making Headlines Today
Stock market today: Indian equity benchmarks extended gains in the late morning trade on Monday, March 17. At 11:56 AM, the S&P BSE SENSEX rose by 285.98 points, or 0.39%, to trade at 74,114.89, while the broader NIFTY50 advanced 98.25 points, or 0.44%, reaching 22,495.45.
The broader market also traded positively, with the BSE MidCap index up by 267.29 points (0.68%), trading at 39,330.11, and the BSE SmallCap index up 194.15 points (0.44%), at 44,039.13.
Below are key stocks that are buzzing in today’s trading session:
KEC International rallies after new orders
Shares of KEC International jumped as much as 6.64% to ₹717.05 on the BSE after the company announced securing new orders worth ₹1,267 crore across segments.
- Transmission & Distribution (T&D) segment secured orders including:
- 800 kV HVDC and 765 kV Transmission line orders from Power Grid Corporation of India Ltd (PGCIL).
- Orders for supply of towers, poles, and hardware in the Americas region.
- The Cables segment received significant orders for various cables and conductors in India and overseas.
IndusInd Bank surges on RBI assurance
Shares of IndusInd Bank rose by as much as 5.19% to ₹707 following reassurance by the Reserve Bank of India (RBI) about the bank’s capital adequacy.
- RBI has directed IndusInd Bank’s board to implement corrective measures by month-end to address an accounting discrepancy amounting to around ₹2,100 crore.
Ola Electric slips amid insolvency filing
Ola Electric Mobility shares fell over 6% after operational creditor Rosmerta Digital Services filed a petition under the Insolvency and Bankruptcy Code (IBC).
- Ola Electric strongly contested these claims, stating it will take necessary legal actions to safeguard its interests.
McLeod Russel hits upper circuit after debt transfer
Shares of tea producer McLeod Russel India Ltd (MRIL) hit a 5% upper circuit at ₹31.90 after lenders transferred debts of ₹1,104.69 crore to the National Asset Reconstruction Company Ltd (NARCL).
- The deal involves a 36% haircut, sold at ₹700 crore structured with 15% cash upfront and 85% through security receipts over five years.
Inventurus Knowledge Solutions tumbles as anchor lock-in ends
Shares of Inventurus Knowledge Solutions (IKS) fell sharply, down 12.79% at ₹1,440 on the BSE due to the expiration of the lock-in period for anchor investors.
- IKS, backed by Rekha Jhunjhunwala and RARE Enterprises, had listed recently on December 19.
Mobikwik hits 52-week low post-lock-in expiry
Shares of One Mobikwik Systems dropped 15%, reaching a new 52-week low of ₹231.05 after the three-month mandatory lock-in for investors ended today.
- Approximately 50 lakh shares (6% equity) became eligible for open-market trading following the IPO lock-in expiry, according to Nuvama Institutional Equities.
MTNL down on default disclosure
Shares of Mahanagar Telephone Nigam Ltd (MTNL) declined over 7% to ₹45.28 after disclosing defaults totaling ₹8,277 crore to banks including SBI, PNB, UCO Bank, Union Bank of India, and others.
- The defaults involve both principal installments and interest payments.
Gensol Engineering locked in lower circuit
Shares of Gensol Engineering were locked in a 5% lower circuit at ₹249.15 after its fundraising and stock split plan failed to boost investor confidence, compounded by recent credit downgrades from rating agencies CARE and ICRA.
Firstsource Solutions declines sharply
Shares of Firstsource Solutions traded down by 7.35% at ₹280.40, facing selling pressure in today’s session.
- Firstsource operates primarily in business process management (BPM) for sectors like banking, healthcare, telecom, and media.
LTIMindtree down after management reshuffle
LTIMindtree shares slipped 3.61% to ₹4,305.70 amid a management restructuring where Nachiket Deshpande was appointed president of AI services under newly appointed CEO Venu Lambu.
- The existing COO role, similar to that of Infosys and TCS, might be discontinued.
Muthoot Finance rises on milestone achievement
Shares of Muthoot Finance climbed over 4% to ₹2,289.75 after surpassing ₹1 lakh crore in gold loan assets under management (AUM) as of March 13, 2025.
- This landmark achievement signals robust growth in its primary business segment.
