News Overview

Unlike in December, the January 2024 IIP growth saw manufacturing retreating.

Despite not being among the largest schemes in their category, IPSCF and IPMCF manage substantial corpus sizes of ₹7,415 Crore and ₹5,484 Crore, respectively. Recent months have seen heightened awareness in the mutual fund industry regarding the growing illiquidity in the small- and mid-cap segments of the stock market due to the continuous rise in market levels.

Inflation for February 2024 was flat, despite a sharp fall in core inflation.

Sources indicated that Capital International or GIC Singapore might acquire a stake in ITC, with domestic funds such as ICICI Prudential MF and Aditya Birla Mutual Fund also expressing significant interest in the block deal. Other long-only funds and certain insurance funds have also shown interest, according to sources.

Here are some of the stocks that may see significant price movement today.

During Tuesday's trading session, the equity market benchmark Sensex concluded on a positive note, driven by significant buying activity in index heavyweights such as HDFC Bank, TCS, and Reliance Industries, despite mixed signals from Asian markets.

The NSE has included National Aluminium Company and Piramal Enterprises in the F&O ban list for March 13, while retaining Aditya Birla Fashion & Retail, Hindustan Copper, Manappuram Finance, Mahanagar Gas, SAIL, Tata Chemicals, and Zee Entertainment Enterprises on the said list.

The block trade sale of ITC shares will reduce the single-largest shareholder's position to roughly 25.5%.

The retail component was subscribed 34.03 times on the third day, while the portion for qualified institutional buyers (QIBs) was booked 20.58 times and the amount for non-institutional investors (NII) 34.36 times.

An annual check-up package, comprising 64 parameters such as vitamin/protein profile, thyroid, iron, and blood culture, will be provided through Healthians' diagnostic lab partners.