Market News
5 min read | Updated on March 11, 2025, 13:29 IST
SUMMARY
Shares of private lender IndusInd Bank tumbled over 25% during the intraday trade after it informed the exchanges on Monday evening that its net worth took a 2.35% hit due to account discrepancies
Shares of information technology firms were underperforming on Tuesday following a tech rout in the US market on Monday.
In the afternoon trade, the equity benchmark indices on Tuesday, March 11, were trading almost flat.
At 1:20 PM, the S&P BSE SENSEX was trading at 74,041.54, falling 73.63 points, or 0.10%, while the NSE's NIFTY50 index was at 22,456.45, down 3.85 points, or 0.02%.
“A final report of the external agency is awaited, and based on which the bank will appropriately consider any resultant impact in its financial statements,” the bank said in a statement.
The company, in an exchange filing, said: “Major orders include RF seekers, vessel and air traffic management systems, electro-optic repair facilities, radar upgrades, spares, services, etc.”
At 12:49 PM, shares of Paytm were at ₹697.40 apiece, rising 4.83% on the National Stock Exchange.
In the US, the tech-heavy index, the Nasdaq Composite, dropped 727.90 points, or 4.00%, to 17,468.32. This impacted all the IT stocks in India as well.
At 12:56 PM, Infosys shares were trading at ₹1,652 apiece, falling 2.91% on NSE. Along with the Nifty IT index, the scrip was one of the biggest laggards on the 50-share index as well.
Checkpoint is a Nasdaq-listed commercial-stage company focused on developing novel treatments for patients with solid tumour cancers.
During the intraday trade, shares of Sun Pharma were trading at ₹1,656.95 apiece, rising 2.82% on the National Stock Exchange.
“…promoters of the company are reinforcing long-term confidence in Gensol’s vision by infusing ₹28,99,99,885.50 through the conversion of warrants into equity,” the company said in a statement to the stock exchanges.
“In alignment with the promoter group’s unwavering support for the company’s growth trajectory, warrants will be converted into 4,43,934 equity shares at a price of ₹871 per share,” it further said.
During the intraday trade, shares of the firm tanked 4.99% to ₹290.55 apiece on NSE.
During the intraday trade, the share of the company was trading 0.09% higher at ₹329.7 apiece on NSE.
Other projects will be pumped hydro and renewable projects based on solar/wind/hybrid sources in the state.
During the intraday period, the automaker was trading 1.76% at ₹2,655 apiece on the National Stock Exchange.
Shares of NLC were trading 2.24% down on NSE at ₹215.84 during the intraday period.
The name change extends only to the corporate entity and doesn't apply to the brand or the app.
At the time of writing this article, shares of Zomato were trading at ₹203.80 apiece, declining 3.53% on NSE.
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