M&M to exit agri-machinery business in Japan; stock falls over 3%

Mahindra & Mahindra Limited will exit its agri-machinery business in Japan by FY27, citing structural headwinds, but will continue parts and warranty support for customers in Japan.

Mahindra & Mahindra Limited will exit its agri-machinery business in Japan by FY27, citing structural headwinds, but will continue parts and warranty support for customers in Japan.

Five companies will see shares worth over ₹1,634 crore free up for trade, as their respective shareholder lock-in period ends this week. Out of these five companies, three are already trading below their issue price.

The KSE-30 Index declined 9.8% in the day. It later pared its decline to 7.3% after trading resumed post an hour-long halt.

The holiday calendars of the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) have offered clarity on the trading break for the festive holiday. The Indian stock markets will remain closed for Holi on March 3.

A combination of factors ranging from a stronger US Dollar to the sell-off on Wall Street could be attributed to the pressure seen on Gold prices on Tuesday.

Sensex Today | Stock Market LIVE Updates: On the upside, sustaining above 24,850 and then move towards 25,000 will be key for the index. 59,500 on the downside and 60,000 higher up are the key levels for the Nifty Bank.

The induction of these helicopters aims to enhance the Indian Coast Guard’s capabilities for safety of artificial islands, offshore installations, fishermen and the marine environment.

The South Korean won edged higher on Wednesday post sliding to its weakest since 2009 in the previous session.

Ahead of the issue opening, Sedemac Mechatronics raised ₹325.88 crore from anchor investors. Participants in the anchor book included Goldman Sachs, Abu Dhabi Investment Authority, 3P Investment Managers, WhiteOak Capital and Pinebridge Global Funds.

Tata Silver ETF surged over 7% as ICICI Prudential Silver ETF, SBI Silver ETF, and Nippon India Silver ETF rose 6% amid West Asia tensions and US-Israel strikes on Iran.