News for ITI Limited (ITI.BO)

Indian markets extended their losing streak, with Sensex falling 424.90 points and Nifty dropping 117.25 points. Weak global cues, U.S. tariffs, and FII outflows impacted sentiment. U.S. markets tumbled, while European stocks hit record highs. Nifty showed bearish patterns, with key support at 22,500. Heavy trading seen in Godrej Industries, Vodafone Idea, and Mahindra & Mahindra.

ITI Ltd shares surged 5% to Rs 284 after receiving a revised order to transfer 22.258 acres of land for Rs 200 crore. The company received Rs 100 crore upfront, with the balance pending statutory formalities. Despite short-term gains, the stock remains down 25.66% YTD and trades below key moving averages.

Stocks including Quality Power, M&M, NTPC Green, Tata Steel, Cipla, RVNL, Delta Corp, HG Infra and Berger Paints will be in the spotlight on Friday, February 21.

Stocks including RIL, ICICI Bank, Adani Ports, Kotak Mahindra Bank, RITES, Tata Power, NPTC Green, Honasa, RailTel and more will be in the spotlight on Thursday, February 13.

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.

Eight mutual fund NFOs will open this week, including Kotak Nifty 100 Equal Weight ETF and Bandhan FMP-209-93D. Others include SBI Nifty IT Index Fund, Bajaj Finserv Multi Cap Fund, ITI Bharat Consumption Fund, HSBC Financial Services Fund, Invesco India Business Cycle Fund, and Mahindra Manulife Value Fund, covering sectoral, thematic, value, multi-cap, and fixed maturity plans.

TCS: Presently, BSNL holds spectrum in 700 MHz, 900 MHz, 2100 MHz, 2500 MHz, and 3500 MHz frequency bands.

"I think BSNL is quite happy with the performance and the customer acquisitions that they are doing," Roy said.

Stocks including HCL Technologies, Life of Insurance Corporation, Angel One, Bharat Electronics, Indian Hotels, HDFC AMC, JSW Energy and more will be in the spotlight on Tuesday, January 14.

Standard Glass Lining Technology IPO soars 16.68% on BSE, attracting massive bids from institutional and retail investors.

Indian markets closed lower due to selling in financial, energy sectors, and concerns over rising crude prices and a strong dollar. IT stocks like TCS showed resilience. US and European markets also faced declines due to inflation concerns after strong jobs data. Market sentiment remains bearish, with potential further declines for Nifty.

The NSE Nifty index closed 95.0 points down at 23431.5

The Nifty Bank index closed 1.55 per cent at 48734.15.

The Nifty Realty index closed 2.77 per cent at 963.30.

The NSE Nifty index was trading 24.21 points down at 23502.3

The Nifty Realty index was trading 1.67 per cent at 974.20.

The Nifty Auto index was trading 1.46 per cent at 22964.90.

Indian markets ended lower as IT and financial stocks dragged indices down, fueled by foreign fund outflows and cautious sentiment ahead of Q3 earnings. Global concerns over U.S. rate cuts and weak Chinese data added pressure.