Top-Performing Stocks on the NSE: Vodafone Idea, HDFC Bank, JP Power and Others Lead Trading Activity

Indian Stock Market Suffers Heavy Losses Amid Global Uncertainty

Thursday, March 19

The Indian stock market experienced significant losses in morning trade, driven by escalating Middle East tensions, a surge in crude oil prices, a record low rupee value, and weak global cues. As a result, the Nifty 50 plummeted by 2.5% to an intraday low of 23,181, while the Sensex dropped by 3% to 74,685.

Most Traded Stocks

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The following stocks were among the most active in terms of volume on the National Stock Exchange (NSE):

• Vodafone Idea: Over 22 crore shares changed hands, with the stock declining by nearly 4% in morning trade.
• HDFC Bank: More than 11 crore shares changed hands, with the banking stock crashing by nearly 9% to its ₹770 52-week low.
• Jaiprakash Power Ventures (JP Power): Over 6 crore shares changed hands, with the stock climbing by more than 2%, extending gains for the third consecutive session.
• Eternal: More than 3 crore shares of the company changed hands, with the stock crashing by more than 5%.
• YES Bank: Over 3 crore shares changed hands, with the stock falling by nearly 3%.

Stock Performance

• Vodafone Idea is down 21% year-to-date, compared to a 10% fall in the equity benchmark Nifty 50.
• HDFC Bank share price is down over 10% on a monthly basis, looking set to extend losses for the fourth consecutive month.
• Jaiprakash Power Ventures is gaining traction due to the National Company Law Tribunal's approval of Adani's takeover bid for its promoter, Jaiprakash Associates (JAL).

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline