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# 769 Daily Money Show | Money Purse Stock Market News
Takeaway
Iron ore crash hurts metals, Paytm scrambles to migrate merchants to other banks, and BAT's $2-3B ITC stake sale pressures the stock.
Summary
- Sensex up 165 pts to 73,667; Nifty flat; mid-cap down 1.15%, small-cap down 2.07% ahead of US Feb CPI release.
- Iron ore prices crashed below $110/ton from 2022 highs due to weak China demand and rising inventories — negative for Indian metal stocks.
- Paytm in talks with Axis, Canara, Yes, ICICI Banks to migrate merchant accounts after RBI restrictions on Paytm Payments Bank.
- British American Tobacco (BAT) preparing to sell $2-3B worth of ITC stake this week via block deals — short-term ITC stock pressure.
- UK Body Shop shutting US operations and many Canada stores due to startup funding crunch in US/Europe.
iron orePaytmITC
Original description
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