Stock market LIVE updates on March 12: Global cues and stock-specific action will guide the markets today
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Stock market LIVE updates on March 12: Indian equity markets are eyeing a start with modest gains on Tuesday amid mixed global cues, and ahead of the CPI inflation for February.
At 7:20 AM, Gift Nifty was up 26 points at 22,447 levels.
Individually, a host of stocks will be in focus.
Stocks to Watch
ITC: British American Tobacco Plc, the maker of Lucky Strike cigarettes, could sell a part of its stake in Indian partner ITC Ltd. as soon as this week, Bloomberg reported on Monday.
London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the report said.
State Bank of India: The Supreme Court has asked the state-owened lender to provide details of electoral bond holders by today, March 12.
SpiceJet: The airline’s Chief Operating Officer (COO) Arun Kashyap, and Chief Commercial Officer (CCO) Shilpa Bhatia have resigned from the airline and are currently serving their notice period, Business Standard reported on Monday.
Global markets
Japan’s Nikkei extended its profit booking with over 1 per cent cut.
Benchmarks across Australia, South Korea, and Hong Kong, however, were up in the range of 0.2 per cent to 0.4 per cent.
Overnight, the S&P 500 and Nasdaq Composite fell 0.11 per cent and 0.41 per cent, respectively.
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First Published: Mar 12 2024 | 7:49 AM IST
