HCC, TVS Motor, and L&T Shine on Strong Deals & Outlook
Written by - Fisdom Research
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March 21, 2025
2 minutes
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Market Snapshot
Indian equity indices extended gains for the fifth consecutive session on March 21, with Nifty crossing 23,400 intraday despite weak global cues.
Most sectoral indices ended in the green, led by oil & gas, media, and telecom, each rising 2 percent, while consumer durables and metal lagged.
The BSE Midcap and Smallcap indices gained 1-2 percent.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MIDSMALL FINANCIAL SERVICES
2.5
NIFTY OIL & GAS
1.8
NIFTY MIDSMALL IT & TELECOM
2.4
NIFTY FINANCIAL SERVICES EX-BANK
1.8
NIFTY MEDIA
2.2
NIFTY PSU BANK
1.4
NIFTY MIDSMALL HEALTHCARE
2.0
NIFTY HEALTHCARE INDEX
1.4
Top News
Hindustan Construction Company surged 13% after its JV with Tata Projects secured a ₹2,470 crore contract, following a ₹2,191 crore metro project win last week.
TVS Motor surged 4.15% intraday as CLSA’s bullish note highlighted strong premium motorcycle sales. The stock, up 8% in five sessions, also gained traction after announcing an interim dividend.
L&T shares rose 3% after securing a ₹2,500-5,000 crore contract from Brigade Group for high-rise projects in Hyderabad and Chennai, bolstering its real estate presence.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
SBILIFE
3.4
TRENT
-1.6
NTPC
3.3
M&M
-1.5
ONGC
2.7
WIPRO
-1.4
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,000
23,600
Bank Nifty
49,700
51,500
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