Stocks to Watch: HDFC Bank, NTPC, Wipro Among Top Stocks in Focus Today

Indian Stock Market Crashes 3.26% on Thursday, March 19

The Indian stock market experienced a sharp intraday crash on Thursday, March 19, with both benchmark indices plunging more than 3% amid a widespread sell-off across sectors. Nifty 50 dropped 775 points, or 3.26%, to close at 23,000, while BSE Sensex ended at 74,207, also down 3.26% from the previous session. The broader market reflected similar weakness, with Nifty Midcap 100 declining 3.32% and Nifty Smallcap 100 falling 3%.

The market witnessed a sharp sell-off, reversing the recent recovery trend amid weak global cues and heightened geopolitical tensions. The Nifty opened gap-down in response to negative global signals and remained under sustained selling pressure throughout the session.

Stocks to Watch on Friday, March 20

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• HDFC Bank: The bank's CEO, Sashidhar Jagdishan, announced that the board was taken by surprise by the sudden resignation of part-time chairman Atanu Chakraborty. Despite this, the bank's fundamentals remain strong.
• Tata Elxsi: The company has established a global offshore development centre (ODC) for Terumo Corporation, aimed at supporting advanced cardiac and vascular solutions.
• NTPC: The company has entered into a memorandum of understanding (MoU) with Octopus Energy Group to explore strategic collaboration opportunities in the power and energy sector.
• Tata Consultancy Services: The company has signed a memorandum of understanding (MoU) with ABB to deepen collaboration across IT infrastructure, artificial intelligence, and engineering solutions.
• Wipro: The IT major has inaugurated a new hub at GIFT City in Gandhinagar to enhance its AI-driven capabilities for global BFSI clients.
• JK Cement: The company has been named the preferred bidder for the Itauri-Jharkua limestone block located in Panna, Madhya Pradesh.
• JSW Cement: The company has commissioned a greenfield integrated cement plant in Nagaur, Rajasthan, marking its foray into the North Indian market.
• ICICI Bank: The bank has received a demand notice of ₹768.6 crore from tax authorities, alleging short payment of GST.
• NBCC: The state-run company has secured multiple domestic contracts worth about ₹319.78 crore, covering housing, infrastructure, and institutional development projects across Assam, Meghalaya, and Bihar.
• Amber Enterprises: The company's material subsidiary, IL JIN Electronics (India) Pvt Ltd, has approved raising ₹328 crore via a rights issue of equity shares.