
The frontline indices traded in a narrow range with minor gains in afternoon trade. The Nifty hovered above the 17,100 level. Barring the Nifty Metal index, all the sectoral on the NSE were in the green.


Nifty above 17,100 level, European mkt opens higher

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Zydus Pharmaceuticals (USA) Inc., a subsidiary of Zydus Lifesciences received final approval and tentative approval from the United States Food and Drug Administration (USFDA) for Tofacitinib tablets, 5 mg, and 10 mg, respectively.

Zydus Life arm gets USFDA nod for arthritis drug

Sula Vineyards rose 5.44% to Rs 359.40 after a foreign broker initiated coverage on the stock on Tuesday with a 'buy' ratingand a 12-month price target of Rs 475.

Sula Vineyards jumps as foreign broker initiates coverage

Alkem Laboratories Ltd is quoting at Rs 3174.85, up 1.87% on the day as on 12:49 IST on the NSE. The stock is down 13% in last one year as compared to a 0.6% slide in NIFTY and a 13.81% slide in the Nifty Metal index.

Alkem Laboratories Ltd spurts 1.87%


Pursuant to the continuous healthy cash flows, the company has 
further prepaid an amount Rs. 102 crores of the restructured term loans in the 3rd week of March 2023. This is in addition to the regular repayments due after the moratorium of 2 years ended on 
31 August 2022. 


Kuantum Papers prepays Rs 102 cr of restructured term loans

ICICI Lombard General Insurance Company Ltd is quoting at Rs 1084.5, up 0.12% on the day as on 12:44 IST on the NSE. The stock is down 13.41% in last one year as compared to a 0.65% slide in NIFTY and a 5.33% slide in the Nifty Energy.

ICICI Lombard General Insurance Company Ltd up for five straight sessions


This enables SEPC to receive funds directly from MORTH to smoothly execute and complete the project.

SEPC to implement enhanced portion of Chhattisgarh road project


IFC's first investment in an EV manufacturer in the country and the first in electric three-wheelers globally will be in the form of compulsory convertible instruments at a valuation of up to Rs 6,020 crore. The INR 600 crore investment will result in an ownership of between 9.97% to 13.64% for IFC in NewCo.


IFC to invest Rs 600 cr in Mahindra's New Last Mile Mobility Company


Further, the company has entered into a subscription agreement and shareholders agreement with International Finance Corporation (IFC) for investment by IFC of an amount up to Rs 600 crore in Compulsorily Convertible Preference Shares (CCPS) of NewCo, in one or more tranches, in accordance with the terms and conditions as stipulated in the aforesaid Agreement(s), valuing the NewCo at upto Rs. 6,020 crore.


Mahindra & Mahindra update on Last Mile Mobility Business

Sobha fell 4.97% to Rs 493.60 after the real estate developer informed that the Income Tax (I-T) department is carrying out a search at its registered office and other premises.

Sobha tumbles as IT dept raids office, other premises

North Eastern Carrying Corporation Ltd, IZMO Ltd, Shivalik Bimetal Controls Ltd and TVS Electronics Ltd are among the other gainers in the BSE's 'B' group today, 22 March 2023.

Cinevista Ltd leads gainers in 'B' group

Uflex Ltd, Everest Kanto Cylinder Ltd, AGI Greenpac Ltd and Anupam Rasayan India Ltd are among the other gainers in the BSE's 'A' group today, 22 March 2023.

Steel Strips Wheels Ltd leads gainers in 'A' group


At 12:25 IST, the barometer index, the S&P BSE Sensex, was up 121.82 points or 0.21% to 58,196.50. The Nifty 50 index added 34.85 points or 0.29% to 17,142.35.


Sensex adds 123 pts; metal shares advance

The Finance Ministry stated in its latest monthly economic report that despite external headwinds, the Indian economy is estimated to grow at 7 per cent in 2022-23. Real GDP estimates for Q3 of 2022-23 reaffirm the ability of the Indian economy to grow on the strength of its domestic demand even as a rise in global uncertainties slows global output. Growth momentum gathered in Q3 of 2022-23 is likely to be sustained in Q4, as reflected in the performance of High-Frequency Indicators for January/February 2023.

Indian economy to grow on strength of domestic demand despite global uncertainties

Emami rallied 5.77% to Rs 365.55 after the company announced that its board will meet on Friday, 24 March 2023, to consider a share buyback.

Emami jumps as board to mull buyback on 24 March

Asian Energy Services jumped 2.53% to Rs 101.47 after the company received letter of award (LoA) from Svetah Energy Infrastructure FZE, UAE for operations and maintenance works (O&M) of Svetah Venetia.

Asian Energy Services gains on bagging order from Svetah Energy

VST Tillers Tractors achieves production milestone of 5 lakh power tillers from its Malur plant

VST Tillers Tractors surged 10.41% to Rs 2,396.50 after the tractor maker said that it crossed a production of 5,00,000 power tillers from its manufacturing plant located at Malur in Karnataka.

VST Tillers spurts on crossing 5 lakh power tillers from Malur Plant


At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 96.88 points or 0.17% to 58,171.56. The Nifty 50 index added 32.35 points or 0.19% to 17,139.85.


Nifty above 17,100; auto shares advance

The public sector enterprise on Wednesday announced that it has received work order from Madhya Pradesh State Electronics Development Corporation, aggregating to Rs 34.91 crore.

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