Today’s top morning headlines - 13th March 2024

Good afternoon

NIFTY 50 saw a steep decline after violating its important support of 22,200 and is currently trading near the 22,000 levels.

Top gainer: ITC:425 ▲ 20 (+5%)
Top loser: POWERGRID: 266 ▼ 18 (-6.5%)

:star: Vedanta shares drop over 3% on SEBI order to pay ₹78 crore to Cairn UK
Shares of mining to metal giant Vedanta Ltd dropped more than 3% on Wednesday after the market regulator Securities and Exchange Board of India (SEBI) directed the company to pay ₹78 crore to Cairn UK Holdings while barring company board members from the capital market.

:star: Gensol Engineering freezes in lower circuit
Shares of Gensol Engineering were locked in a lower circuit on Wednesday after it issued a clarification on reports linking it to Zenith Multi Trading DMCC.

:star: ITC shares surge 6% after BAT sells 3.5% stake in via block deals
British American Tobacco (BAT), the largest shareholder in ITC, offloaded a 3.5% stake in the Indian FMCG major via block deals on Wednesday, March 13. Shares of ITC surged 6.39% to trade at ₹430.30 on the NSE.