Vodafone Idea, Sammaan Capital, Reliance Power Among Most Traded Stocks on NSE Today

Indian Stock Market Extends Gains for Second Consecutive Session

Key Statistics:

• Sensex: rose by over 2%
• Nifty 50: surged by over 2%
• Nifty 50 level: reclaimed levels above 23,400

The Indian stock market continued its upward trend on Wednesday, March 25, with the Sensex and Nifty 50 experiencing significant gains. The market's rise was attributed to several factors, including easing tensions between the US and Iran, a decline in crude oil prices, and a decrease in the US dollar and bond yields.

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Most Traded Stocks:

Several stocks witnessed substantial trading volumes on the NSE on Wednesday. These included:

• Vodafone Idea: over 23 crore shares changed hands, with the stock rising by over 3%
• Sammaan Capital: over 8 crore shares changed hands, with the stock jumping by over 12%
• Reliance Power: over 7 crore shares changed hands, with the stock rising by over 7%

Company Updates:

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

• Vodafone Idea: The company's mobile subscriber base declined by 4,11,337 users in January, bringing its total to 19,83,59,969. Despite this, the stock has been showing signs of recovery.
• Sammaan Capital: The company made timely payment of interest on secured redeemable non-convertible debentures and received approval from the RBI for a controlling stake acquisition by Avenir Investment RSC Ltd. The deal now requires SEBI approval.

Stock Performance:

• Vodafone Idea: down 21% year-to-date
• Sammaan Capital: jumped by over 12% on March 25
• Reliance Power: down over 5% in March and experiencing a losing streak for the fifth consecutive month.