Stock market news that you should not miss today

25 Feb 2022 , 07:56 AM

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

• Markets to open on a positive note; support @16,200, resistance at 17,000.
• FIIs sold shares worth Rs6448.24cr (cash), bought Rs7667.75cr in index futures.
• US markets closed with gains. Asian Markets opened in the green.
• Brent crude was trading 2.06% higher at $101.12 per barrel.
• Apollo Hospitals will replace Indian Oil in the benchmark Nifty 50 from March 31, 2022, as part of the semi-annual index review. The changes will also be applicable to the Nifty 50 Equal Weight Index.
• The Ministry of Defence has signed a contract worth Rs1,075 crore with Bharat Electronics for the retro-modification of commander sight of battle tanks-T-90. The company will supply 957 commander thermal imager cum day sights for T-90 tanks of the Indian Army.
• The Coalition for Epidemic Preparedness Innovations will partner with a consortium comprised of the Translational Health Science and Technology Institute and Panacea Biotec to develop vaccine candidates that could provide broad protection against SARS-COV-2 variants and other Betacoronaviruses.
• Hinduja Global bagged a contract worth Rs2,100 crore (£211 million) by the UK Health Security Agency to provide critical customer support to UK citizens for an initial period of two years, with an option to extend further.
• JSW Ispat has completed acquisition of 100% equity share capital of Mivaan Steels Ltd.
• Minda has acquired stakes in four partnership firms including YA Auto Industries (87.5%), Auto Components (95%), Samaira Engineering (87.5%) and S.M. Auto Industries (87.5%).
• Arihant Capital to consider splitting each share into 5 on March 3.