FMCG stocks were trading with gains, with the S&P BSE FMCG Sector index increasing 0.46 points or 0% at 16031.73 at 09:46 IST.

FMCG stocks rise

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Consumer Durables stocks were trading in the positive zone, with the S&P BSE Consumer Durables index rising 140.46 points or 0.38% at 37312.03 at 09:46 IST.

Consumer Durables shares gain


The domestic equity benchmarks were trading with modest losses in early trade. The Nifty traded below the 16,950 mark. Pharma, healthcare and consumer durables stocks edged higher while metal, PSU bank and IT shares declined .


Market drifts lower in early trade, breadth weak


The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) signed a Memorandum of Understanding (MoU) in Abu Dhabi, to enhance cooperation and jointly enable innovation in financial products and services. Under the MoU, the two central banks will collaborate on various emerging areas of FinTech, especially Central Bank Digital Currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI. CBUAE and RBI will jointly conduct proof-of-concept (PoC) and pilot(s) of bilateral CBDC bridge to facilitate cross-border CBDC transactions of remittances and trade. This bilateral engagement of testing cross-border use case of CBDCs is expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India and UAE. The MoU also provides for technical collaboration and knowledge sharing on matters related to Fintech and financial products and services.


RBI and Central Bank of the UAE sign MoU to promote innovation in financial products and services

Sarda Energy & Minerals said that the Chhattisgarh Environment Conservation Board (CECB), Raipur has granted the consent to operate under water and air for expansion of rolling mill capacity.

Sarda Energy gets CECB nod for rolling mill capcacity expansion

Hindalco Industries Ltd has lost 11.21% over last one month compared to 6.06% fall in S&P BSE Metal index and 6% drop in the SENSEX

Hindalco Industries Ltd Slips 4.95%, S&P BSE Metal index Shed 3.14%

JSW Energy announced that its board has approved the allotment of non convertible debentures (NCDs) aggregating to Rs 250 crore on private placement basis.

JSW Energy board OKs allotment of NCDs worth Rs 250 cr

NACL Industries gained 3.14% to Rs 85.30 after the company's subsidiary received environment clearance for establishing manufacturing facility in Andhra Pradesh.

NACL Inds rises after subsidiary gets environment clearance for new plant in Andhra Pradesh

Federal Bank on Wednesday announced that its board of directors is scheduled to meet on Saturday, 18 March 2023 to approve, the proposal to raise funds by way of issue of bonds in the nature of debentures upto Rs 1,000 crore.

Federal Bank board to mull fund raising via bonds

Godawari Power & Ispat advanced 1.54% to Rs 379.40 after the company announced that its board will meet on Saturday, 18 March 2023, a, to consider a proposal for buyback of fully paid up equity shares of the company.

Godawari Power rises on buyback proposal

Adani Green Energy Ltd has added 19.06% over last one month compared to 6.6% gain in S&P BSE Utilities index and 5.85% drop in the SENSEX

Adani Green Energy Ltd Spikes 4.99%


Expedia Group recognizes and rewards a select few connectivity partners who achieved excellent results on various performance metrics, such as maintaining high-quality connections and helping lodging partners grow their business on the Expedia Group marketplace. This also means that 
RateGain will work directly with Expedia Group to help shape their future products and technology solutions. 

RateGain receives Elite Connectivity Partner status with Expedia Group


The Arbour, that marks DLF's entry into the micro market at Golf Course Extension has been fully sold out within three days even before its launch. The luxury neighbourhood is spread over 25 acres, boasts five iconic towers that rise up to 38/39 stories. It comprises of well-appointed, spacious, and elegant 1137 identical 4 BHK + study 
+ utility room configurations, with prices starting from Rs 7 crores onward, per unit. 

DLF's luxury project 'The Arbour' garners pre-launch sales of Rs 8000+ cr


The bearish sentiment on the Wall Street was chiefly due to renewed fears of a banking crisis amid fresh turbulence at Credit Suisse and as two economic prints showed a slowdown in the U.S. economy in February,


US Stocks fall amid Credit Suisse turmoil

Ashoka Concessions reports standalone net loss of Rs 3.61 crore in the December 2022 quarter


ITC: ITC Infotech India ('I3L'), a wholly owned subsidiary (WOS), said that it has incorporated a WOS in Germany under the name of 'ITC Infotech GmbH' ('ITC Germany') on 10th March 2023. Consequently, ITC Germany has become a step-down wholly owned subsidiary of the company.


Federal Bank, Patanjali Foods, Sunflag Iron, Godawari Power in focus

SGX Nifty indicates positive opening

The company has received four purchase orders from Larsen & Toubro (L&T) amounting to Rs 57.33 crore.

NIBE bags Rs 57-cr order from L&T

Indian Energy Exchange announces closure of buyback

BLS E-Services acquires additional stake in Zero Mass


Official data on Wednesday showed that China's retail sales in the first two months of 2023 jumped 3.5% year-on-year, reversing a 1.8% annual fall seen in December, but factory activity expanded slightly slower than expected, rising 2.4% for the same period.


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