{"id":44726,"date":"2024-03-12T10:31:19","date_gmt":"2024-03-12T10:31:19","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/03\/12\/sensex-nifty-pare-early-gains-it-stocks-top-gainers\/"},"modified":"2024-03-12T10:31:19","modified_gmt":"2024-03-12T10:31:19","slug":"sensex-nifty-pare-early-gains-it-stocks-top-gainers","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/03\/12\/sensex-nifty-pare-early-gains-it-stocks-top-gainers\/","title":{"rendered":"Sensex, Nifty Pare Early Gains; IT Stocks Top Gainers"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares ended flat to marginally higher on Tuesday, paring early gains. <\/p>\n<p>Global cues were mixed as investors awaited the all-important U.S. CPI data later in the day for clues on when the Federal Reserve will begin cutting interest rates. <\/p>\n<p>The dollar steadied after recent losses and oil edged up amid heightened tensions in the Middle East, prompting some profit taking at higher levels. <\/p>\n<p>Traders also awaited cues from India&#8217;s industrial production (IIP) data for January and retail inflation data for February due after the market close. <\/p>\n<p>The benchmark S&amp;P BSE Sensex hit a high of 74,004.16 in intraday trading before closing up 165.32 points, or 0.22 percent, at 73,667.96.<\/p>\n<p>The broader NSE Nifty index settled 3.05 points, or 0.01 percent, higher at 22,335.70 after having hit a high of 22,452.55 earlier in the day. <\/p>\n<p>IT stocks surged, with Infosys, TCS and LTIMindTree climbing 1-2 percent. <\/p>\n<p>HDFC Bank jumped 2.3 percent on reports the private sector lender is gearing up for the long-awaited initial public offering (IPO) of its subsidiary HDB Financial Services.<\/p>\n<p>Among the prominent decliners, SBI, Adani Ports, Cipla, Grasim and Adani Enterprises fell 2-3 percent. <\/p>\n<p>ITC dropped 1.8 percent on reports that British American Tobacco (BAT) is preparing to offload a portion of its stake in the company this week. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Pare Early Gains; IT Stocks Top Gainers<\/a><br \/>\n<br \/>2024-03-12 10:31:19<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares ended flat to marginally higher on Tuesday, paring early gains. Global cues were mixed as investors awaited the all-important U.S. CPI data later in the day for clues&#8230;<\/p>\n","protected":false},"author":2,"featured_media":44727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-44726","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/44726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=44726"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/44726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/44727"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=44726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=44726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=44726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}