Market Resilience: Sensex Up 96.12, Nifty Edges Toward 22,350 Despite 2% Dip in ITC Shares

Today's stock market saw Nifty nearing 22,350 and Sensex gaining over 100 points, despite ITC's shares falling more than 2%. Sensex and Nifty rose by 96.12 and 31.2 points, respectively.
Sensex Up 96.12, Nifty Edges Toward 22,350 Despite 2% Dip in ITC Shares

In today’s stock market, the Nifty approached 22,350, while the Sensex gained over 100 points, despite a more than 2% drop in ITC shares. As of the last update, the Sensex had risen 96.12 points to 73,598.76, and the Nifty increased by 31.2 points, reaching 22,363.85.

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The Indian stock market experienced a positive trend on Tuesday, March 12, following gains in broader Asian markets. Investors are keenly waiting for domestic and US inflation data. Both major indices showed modest increases of over 0.10%; the Sensex advanced to 73,598.76, and the Nifty reached 22,363.85.

In the broader market, the Nifty Mid Cap 100 exhibited a slightly positive trend, while the Small Cap 100 index declined. The Nifty Bank index remained mostly flat, albeit with a slight downward tilt, standing at 47,307.65. ITC shares fell by 2.43% to Rs 399.45 each on the BSE, following news that British American Tobacco is considering selling a portion of its stake in ITC via a market block trade.

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