
The benchmark indices continued to trade with significant losses in mid-morning trade. The Nifty traded below the 17,100 level after hitting the day's high of 17,224.65 in morning trade. IT stocks extended losses for the fourth consecutive trading session.


Indices trade with modest losses, IT stocks under pressure

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Mahindra & Mahindra said that it has sold 2,29,80,000 equity shares representing 6.058% of the paid-up share capital of Mahindra CIE Automotive, a listed associate of the company.

M&M sells 2.29 crore shares of associate Co. Mahindra CIE

Manaksia Aluminium Company Ltd, Binani Industries Ltd, Zen Technologies Ltd and Kavveri Telecom Products Ltd are among the other gainers in the BSE's 'B' group today, 14 March 2023.

Kilitch Drugs (India) Ltd leads gainers in 'B' group

The EPC company on Monday (13 March 2023) announced that it has secured new orders aggregating to Rs 158 crore.

B L Kashyap bags new orders worth Rs 158 cr

Sequent Scientific Ltd, Surya Roshni Ltd, Lemon Tree Hotels Ltd and Paras Defence and Space Technologies Ltd are among the other gainers in the BSE's 'A' group today, 14 March 2023.

Sona BLW Precision Forgings Ltd leads gainers in 'A' group

Glenmark Pharmaceuticals announced that it has received final approval by the United States Food & Drug Administration (USFDA) for Clindamycin Hydrochloride capsules.

Glenmark Pharma gets USFDA nod for bacterial infection drug

Tube Investments of India (TII) rose 1.02% to Rs 2,731.45 after the company announced a foray into the Contract Development (CDMO) business and has signed an agreement with N Govindarajan, to incorporate a subsidiary for the same.

Tube Investments gains on foraying into CDMO biz

Equitas Small Finance Bank fell 3.58% to Rs 61.86, extending recent steep losses.

Equitas Small Finance Bank drops over 17% in four days

Optiemus Infracom rose 2.97% to Rs 237.60 on bargain hunting after recent steep slide.

Optiemus Infra gains on bargain hunting

GMR Airports Infrastructure rose 1.93% to Rs 39.60 after its step-down subsidiary, GMR Hyderabad International Airport (GHIAL), raised funds through issuance of non-convertible debentures (NCDs) amounting to Rs 840 crore, on private placement basis.

GMR Airports rises as arm raises Rs 840 cr via NCDs

Info Edge (India) Ltd clocked volume of 4.6 lakh shares by 10:46 IST on BSE, a 79.8 times surge over two-week average daily volume of 5765 shares

Volumes soar at Info Edge (India) Ltd counter


As per the latest estimates of National Income released by National Statistical Office, Ministry of Statistics and Programme Implementation (MoSPI), real GDP is projected to grow by 9.1 per cent in 2021-22 (1st RE) and 7 per cent in 2022-23 (2nd AE). This was stated by the Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha. The Minister further stated that the annual data, which provides a stable basis for assessment, shows that the growth momentum of the Indian economy continues after completing full recovery. The IMF and the World Bank projects India to be the fastest-growing major economy in 2023. As per the latest data available on World Development Indicators, World Bank, India is the 5th largest economy in terms of GDP ranking of countries at Current US Dollar in 2021, the Minister stated.

India's real GDP projected to grow by 9.1% in 2021-22: Ministry Of Finance

Sona BLW Precision Forgings jumped 5.54% to Rs 428.30 after auto component maker announced that Blackstone's 20.5% stake in the company has been acquired by long-term investors.

Sona Comstar jumps after marquee investors acquire Blackstone's 20.5% stake in Co.

NMDC rose 1.62% to Rs 116.30 after the company announced that Amitava Mukherjee, director (finance) has been assigned the additional charge of chairman and managing director (CMD) for a period of 3 months upto 31 May 2023.

NMDC gains on appointing Amitava Mukherjee as interim CMD

The carbonated soft drinks maker said that it has invested 9.80% of equity share capital (5.68% on fully diluted basis) of Lone Cypress Ventures, a special purpose vehicle (SPV), for a cash consideration of Rs 3.15 crore.

Varun Beverages acquires 9.8% stake in UP-based solar power producer Lone Cypress Ventures

Shares of Divgi TorqTransfer Systems were currently trading at Rs 570 at 10:13 IST on the BSE, a discount of 3.39% as against the issue price of Rs 590.

Divgi TorqTransfer Systems slides on debut

Metal stocks were trading in green, with the S&P BSE Metal index rising 63.53 points or 0.33% at 19474.01 at 09:46 IST.

Metal shares edge higher

Capital Goods stocks were trading with gains, with the S&P BSE Capital Goods index increasing 111.61 points or 0.33% at 34120.13 at 09:46 IST.

Capital Goods stocks rise

Consumer Durables stocks were trading in the positive zone, with the S&P BSE Consumer Durables index rising 177.92 points or 0.48% at 37199.36 at 09:46 IST.

Consumer Durables shares gain


The company intends to obtain solar power (generation and supply) from SPV for its facilities located in Sandila, Uttar Pradesh and Kosi, Uttar Pradesh. Solar power is environment friendly (green energy) with the added advantage of reduction in the power cost of the respective facilities.


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