BSE SME cracks 5%, broader indices slip up to 2%; Sensex ends 165 pts up

Market wrap on March 12, 2024: The BSE MidCap and SmallCap indices shed 1.2 per cent and 2.1 per cent, respectively; while the SME index tumbled 4.5 per cent on Tuesday.

SI Reporter New Delhi

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10:15 AM

TCS rallies 3% to hit record high; outperforms with 11% jump so far in 2024

Thus far in calendar year 2024, TCS has outperformed the market by surging 11 per cent. In comparison, the S&P BSE Sensex is up 2.3 per cent, while S&P BSE IT index is up nearly 5 per cent. Read

9:57 AM

Natural Gas futures down 51% in 5 months on MCX; Should you bottom-fish?

The MCX Natural Gas futures is down 6.5 per cent in March so far, and have declined over 51 per cent in the last five months, tracking the losses in its international counterpart. Natural Gas prices in the US have declined sharply owing to robust production and a seasonally warm winter, thus reducing demand for the energy-based commodity. Read

9:49 AM

HIL up 2% on plan to acquire 4 companies

It will acquire 100 per cent equity of Crestia Polytech & 4 other entities– Topline Industries, Aditya Polytechnic, Sainath Polymers & Aditya Industries for Rs 265 crore on cash free & debt free basis.

9:48 AM

Triveni Eng dips on acquiring 25% stake in Sir Shadi Lal

It said it has acquired a 25.43 per cent stake in Sir Shadi Lal Enterprises for an aggregate consideration of Rs 35 crore.

9:44 AM

KFin Tech sinks 5% as reports say Kotak Bank to sell 2% stake in company

Kotak Mahindra Bank may sell a 2 per cent stake in the company through block deals today, reports said.

9:43 AM

AB Capital gains 3.5% as board approves merger with arm

Its board of directors have approved the merger of Aditya Birla Finance, its wholly owned subsidiary, with the company.

9:33 AM

ITC sinks 2% as reports say BAT to sell stake this week

British American Tobacco Plc is preparing to kick off a sale of part of its stake in ITC as soon as this week, as per The Economic Times.

The company has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC through block deals.