TTML, Infosys, Persistent Systems, Vodafone Idea, Trent, HAL: Check out top buzzing stocks of the day

Weak global cues, given the jitters ahead of Trump's reciprocal tariff that will come into effect from Wednesday, April 2, weighed on the investor sentiment.

At 12:23 PM, the S&P BSE SENSEX was trading at 76,132.15, down 1,282.77 points, or 1.66%, while the NSE's NIFTY50 index was trading at 23,227.45, down 291.90 points, or 1.24%.

ITC said the acquisition will immediately add significant scale and economies to its existing operations with the potential for further capacity expansion, provide a locational advantage for efficient customer servicing and proximity to key raw material sources, among others.

However, at the time of writing this article, both stocks were trading in the red amid a sell-off in the market.

Focusing on “short-termism” at the leadership level is a worrisome trend in the financial services sector, Kotak said.

In his post on X, the banker wrote, "Leading banks are taking 1-year wholesale deposits at ~8%. Translates to a loaded marginal deposit cost of 9%+ after CRR (0 interest), SLR, deposit insurance, and priority sector. Excluding OPEX, low-cost retail deposits (CASA non-wholesale) show muted growth across the system.

Yet, banks are issuing home loans at an 8.5% floating rate. Borrow at 9% and lend at 8.5! -0.5% spread. And repo rates are likely to drop. What about the OPEX/credit costs? If the deposit tightness persists, it is a challenge to the banking business model."

“…, we are pleased to inform you that RITES has received a Letter of Award from Numaligarh Refinery Limited for ‘Railway Sidings at NRL Panchgram Terminal, 3rd Railway Spur at Rangapani (SMT) and Duliajan (Crude Oil TW Loading Railway Siding) of OIL’ on a turnkey cost-plus mode subject to detailed engineering approval from Railways,” RITES said in a regulatory filing on March 31.

The order, which will be completed in 24 months, is worth ₹155.50 crore, excluding GST.

This means that the company will issue two equity shares of ₹2 each for every one fully paid-up equity share of ₹ 2 each held by the shareholders of the company as of the record date, subject to the approval of shareholders through postal ballot.

The Westside and Zudio brands have to date served over 100 million customers across 230 cities, it added.