return to news
  1. NIFTY 50 trades below 22,400, Tata Motors & Infibeam Avenues trade 6% higher.

NIFTY 50 trades below 22,400, Tata Motors & Infibeam Avenues trade 6% higher.

blog author image


blog verification badge

2 min read • Updated: March 5, 2024, 10:22 AM

Facebook PageTwitter PageLinkedin Page


Markets opened lower today, with NIFTY50 down 0.4% to day low of 22,309. Tata Motors, Infibeam Avenues are in green, while IIFL Finance hits lower circuit after RBI action

Tata motors, IEX, AU Small Finance Bank, IIFL Finance will remain in focus

Indian markets opened muted with NIFTY50 trading below 22,400 and BSE Sensex lower by 160 points. However, individual stocks such as Tata Motors, Infibeam avenues are trading higher in the range of 5-6% in the morning session.

Tata Motors

The share price of Tata Motors is up by 6% after the company approved the demerger of Tata Motors (TML) into two separate listed entities—one for its commercial vehicle (CV) business and its related investments, and the other for its passenger vehicle (PV) business, including PV, EV, JLR. To read more, click here

Infibeam Avenues

Shares of Infibeam Avenues are trading higher by 6% after the company received final approval from the RBI to operate as an online payment aggregator. This will allow the company to provide digital payment services to merchants across India.

L&T Technologies

The share price of L&T Technologies is trading flat at ₹5,260 after the company partnered with Intel to provide Edge-AI solutions aimed at developing and providing scalable AI solutions for a range of use cases, including cellular vehicle-to-everything applications.

Kalpataru Projects

Kalpataru Projects' share price is higher by 1.26% after the company received a letter of intent from Saudi Arabia’s energy major, Aramco, for carrying out EPC for three packages expansion phases of MGS network in Saudi Arabia.


Shares of IEX are trading lower by 1.5% after the company reported its monthly market data. The Indian Energy Exchange has reported a 15% increase in monthly volume at 9,642 million units. The Daily Ahead Market (DAM) price was reported at ₹4.92 per unit, down by 26% due to excess sell liquidity in the bids.

IIFL Finance

Shares of IIFL Finance hit the lower circuit after the RBI barred IIFL Finance from disbursing and sanctioning gold loans as the central bank observed multiple violations in the gold loan portfolio.

AU Small Finance Bank

AU Small finance bank shares are trading flat to positive after the Reserve Bank of India approved the amalgamation of Fincare Small Finance Bank with AU Small Finance Bank. All shareholders of Fincare Small Finance Bank will receive 579 shares of AU Small Finance Bank for every 2000 shares of Fincare Small Finance Bank.