Indian benchmark indices traded negative throughout the session and ultimately closed red
The Indian benchmark indices resumed their declining streak after a one-day break as oil prices surged in the international markets after the US-Iran war intensified.
At the closing bell on Wednesday, the BSE Sensex closed lower by 1,342 points (down 1.7%).
Meanwhile, the NSE Nifty closed 394 points lower (down 1.6%)
Sun Pharma, Coal India and NTPC among the top gainers today
Axis Bank, Eicher Motors and M&M on the hand, were among the top losers today.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.
The Nifty MidCap 100 index ended 1.2% lower and Nifty SmallCap 100 index ended 0.% lower.
Sectoral indices were trading mixed on Wednesday with stocks in realty sector, banking sector and IT sector witnessing selling pressure. Meanwhile stocks in oil & gas sector, energy sector and pharma sector ended on positive note.
Speaking about the stock market, research analyst Tanushree Banerjee, in her latest video, highlights how data centres are becoming the backbone of the artificial intelligence revolution.
She notes that just as railroads were the inflection point of the Industrial Revolution, data centres are emerging as the critical infrastructure powering the AI era.
By investing heavily in specialised high-density cooling systems and massive power infrastructure, billionaires and large corporations are positioning themselves to control the supply side of what could become the world's most valuable new commodity, computing power.
Let's dig deeper into this.
Waaree Renewables share price will be in focus today.
Waaree Renewable Technologies' share price gained 4% in the opening trade on 11 March after the company signed a contract for the execution of engineering, procurement and construction (EPC) works of the ground mount solar PV plant of 300MWac/420MWp.
HG Infra shares will also be a top buzzing stock.
HG Infra Engineering's share price rose 8% in the opening trade on Wednesday following an order win worth Rs 4 bn from Anuppur Thermal Energy.
Infosys and Incora have announced a long-term partnership to use artificial intelligence (AI) to improve Incora's global supply chain operations.
Incora provides supply chain services to the aerospace and defense industry and operates in more than 60 countries. Through this collaboration, Infosys will help Incora use AI technologies to make its supply chain faster, smarter, and more efficient.
Infosys will use its AI solutions, including Infosys Topaz and the EdgeVerve AI Next Platform, to upgrade Incora's supply chain systems. These tools will connect with Incora's existing ERP systems and help improve data visibility, accuracy, and decision-making across operations.
As part of the partnership, Infosys will build an AI platform that works without disrupting Incora's daily operations. It will connect data and processes across different systems, helping the company manage its global supply chain more effectively.
Overall, this partnership shows how companies are increasingly using AI to modernize supply chains, deal with old systems, manage complex global operations, and improve efficiency in industries like aerospace and defense.
TVS Supply Chain Solutions is helping strengthen the global supply chain of Caterpillar Inc. by setting up a 40,000-square-foot warehouse at the Free Trade and Warehousing Zone in Mannur Village, about 30 km from Chennai, India. This new facility will allow Caterpillar to bring in parts from different countries and support its manufacturing operations more efficiently.
The warehouse is located along the Chennai-Bengaluru Industrial Corridor, which provides strong connectivity to Chennai Port, Ennore Port, and Kamarajar Port. These ports handle nearly 20% of India's container traffic, making the location important for global trade and logistics. The facility has about 4,000 pallet positions, which will help Caterpillar reduce delivery times, lower costs, and respond more quickly to global demand.
This initiative also supports the Make in India initiative by strengthening India's role in global manufacturing and supply chains
TVS Supply Chain Solutions also manages Caterpillar's external warehouse in Hosur and handles in-plant warehousing operations with trained personnel to support manufacturing. Over the past five years, the partnership between TVS Supply Chain Solutions and Caterpillar has grown steadily, built on trust, operational excellence, and a shared goal of developing strong and future-ready global supply chains.
Shares of 3i Infotech came into focus after the company announced that it had won a Rs 56.6 million contract from a major Indian engineering and industrial solutions company that works in the power and industrial equipment sector.
Under the agreement, 3i Infotech will provide end-user support, application development support, and infrastructure management services across several locations. The contract is mainly focused on domestic operations in India, but it will also include support for some international locations. The project will be carried out over a three-year period.
3i Infotech is a company that offers information technology services and software solutions to businesses.
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