Sensex Today Live: ITC, Tata Steel, Tata Motors, JSW Steel, and SBI were the top drags on the Sensex, while HDFC Bank, TCS, Infosys, Maruti Suzuki India, and Reliance Industries were the top gainers. The Indian benchmark indices had climbed down from their early highs and were trading mixed on Tuesday after opening on a muted note. At 12 pm, Sensex was up 142.94 points, or 0.19%, at 73,645.58, and Nifty was down 6.25 points, or 0.03%, at 22,326.40.
State Bank of India has selected Aurionpro’s cash management & transaction banking platform for a contract worth ₹100 crore. Aurionpro informed the exchanges that SBI has selected its next-gen cash management and transaction banking platform iCashpro+. The significant order win from SBI includes license, implementation, and support of iCashpro+ valued close to INR 100 Crores.
A substantial transaction involving the equity shares of ITC Ltd has been reported amid speculation that British American Tobacco (BAT) is planning to divest some of its stake in the firm. Approximately 12 million equity shares were traded in a significant deal on March 11, equating to a 0.09% stake. The identities of the parties involved in the transaction have not been disclosed.
Muthoot Capital has finalized the terms of an issue to raise nearly ₹100 crore through secured, rated, redeemable, non-convertible debentures (NCDs) on a private placement basis. The base issue size is Rs. 50 crores with an option to retain oversubscription of up to Rs. 50 crores, aggregating to a total issue size of Rs. 100 crores.
The International Finance Corporation (IFC) has divested its remaining stake in Religare Enterprises, marking the end of its 12-year association with the Delhi-based financial services firm. The Surat District Court has directed the Surat Diamond Bourse to furnish a bank guarantee worth ₹125 crore in a case related to the construction of the SDB building.
The Securities and Exchange Board of India (SEBI) is intensifying its scrutiny on the utilization of algorithmic trading by retail investors. SEBI has expressed concern over market bubbles, stating that they are detrimental to retail investors. The Indian stock market indices are poised for a cautious start on Tuesday, taking cues from a mixed global scenario.
Overall, the Indian stock market is expected to open on a positive note, with Asian markets firm and Gift Nifty futures trading higher. Investors will be closely monitoring US inflation data set to be released later in the day. The market is likely to continue its consolidation phase with bouts of volatility.
