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According to Tata Motors, the demerger initiative comes at a time when its commercial vehicle, passenger vehicle (including electric vehicles), and luxury vehicle (Jaguar Land Rover) businesses have been implementing distinct growth strategies. Since 2021, these divisions have operated independently under their respective CEOs.

The 2.9 Crore equity shares with a face value of ₹10 apiece that were approved for allotment to qualified institutional buyers (QIBs).

US cotton prices rose by 20% MoM, due to recovery in demand leading to tight supply-demand balance. Soybean and corn fall 6% each, because of excess supplies, with disappointing U.S. mandates for plant-based renewable fuels contributing to weakness. Brazil corn and wheat prices, too, decline 12%/8% each. On the other hand, healthy global demand for rice continues to keep prices elevated. Bloomberg Agriculture spot index was down 3% MoM.

At the time of reporting, Persistent Systems' stock was trading at ₹8,341.95 on the NSE, showing a marginal down of 0.28% as of 01.02 pm.

CRISIL expects broad-based margin expansion in FY24 amid easing input cost inflation and steady volume growth.

The initial optimism in the market can be attributed to the rally in global markets, which followed after US Federal Reserve Chairman Jerome Powell reiterated the possibility of rate cuts this year and dismissed the near-term risks of an economic recession.

On March 06, 2024, the Fed Chair, Jerome Powell testified before the Committee on Financial Services, US House of Representatives (US Congress) on the half year monetary policy.

This positive news propelled the shares of Zydus Lifesciences, witnessing a rise of up to 2.08% to reach a 52-week high of ₹982.1 apiece on the BSE, consequently elevating the company's market valuation to over ₹99,000 Crore.

The listing date for the RK Swamy IPO is scheduled for March 12, while the refund process for investors who were not allocated shares will commence on March 11. Investors who have been allotted shares will receive them in their demat accounts on the same day.

Among sectors, the Metal index saw a rise of 1.38%, followed by the FMCG index with a gain of 0.98%. Conversely, the Oil & gas index recorded a decline of 1.20%, and the Bank, Private Bank, Auto, and Realty indices closed in negative territory.