Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

Mar 22, 2021 08:03 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a positive note; support @14,500, resistance at 14,900.
  • FIIs bought shares worth Rs1418.43cr (cash), bought Rs559.62cr in index futures.
  • US markets closed lower on Friday. Asian Markets opened mixed on Monday.
  • Brent crude was 0.22% lower at $64.39 per barrel.
  • Bharti Airtel: The Company has entered into an Agreement for acquisition of 1,743,560 (7.48%) equity shares in Sandhya Hydro Power Project Balargha Private Limited, a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws.
  • Power Grid has signed a Share Purchase Agreement (SPA) with Jaiprakash Power Ventures Limited (JPVL) today for the acquisition of 74% stake of JVPL in Jaypee POWERGRID Limited (JPL) at an aggregate consideration of Rs351.64cr.
  • Biocon: The Company has incorporated a wholly owned subsidiary company "Biofusion Therapeutics Limited" on March 18, 2021.
  • Adani Green Energy signed a share purchase agreement for acquiring a 100 percent stake in an SPV holding 50 MW operating solar project of the Toronto-headquartered SkyPower Global.
  • JSW Energy said its subsidiary JSW Future Energy, earlier known as JSW Solar, received orders for a total wind capacity of 450 MW from Solar Energy Corporation of India (SECI).
  • NHPC board has approved the proposal regarding formation of a Joint Venture (JV) Company for implementation of Ratle Hydroelectric Project (850 MW) in the Chenab River Basin in UT of Jammu and Kashmir.
  • The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a secondhand Midsize Gas Carrier of about 35,188 cbm. The 2006 Korean built vessel is expected to join the Company’s fleet in Q1FY22.
  • ESAB India: The Board of Directors approved the enhancement of trademark fee from 2% to 3% per annum on the Net Sales Value (NSV) of the company payable on half yearly basis from the financial year 2021-2022.
  • State-owned Bharat Dynamics has signed a contract for the production and supply of Milan-2T Anti-Tank Guided Missiles. The contract value is Rs1,188.12cr.
  • Promoter entity O3 Developers sold 0.39 percent equity stake in Infibeam Avenues via open market transaction on March 17. Non-promoter Varini Patel offloaded 32.50 lakh equity shares in the company on March 17.
  • CARE Ratings has assigned credit rating on the bank facilities of the PNC Infratech’s subsidiary, PNC Gomti Highways, as 'A'. The rating agency assigned 'stable' outlook on the bank facilities of Rs559.30cr.

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