Stock market news that you should not miss today

4 Mar 2022 , 07:58 AM

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

• Markets to open on a negative note; support @16,200, resistance at 16,8500.
• FIIs sold shares worth Rs6644.65cr (cash), bought Rs4799.24cr in index futures.
• US markets closed lower. Asian Markets opened in the red.
• Brent crude was trading 2.22% higher at $112.91 per barrel.
• Vodafone Idea: The board of directors of the telecom operator has approved fund raising of Rs4,500 crore on a preferential basis, through its promoters.
• Wockhardt: The rights issue of Rs748 crore will open for subscription by shareholders on March 15 and the issue closing date will be March 22.
• LT Foods: The consumer food company said its subsidiary LT Foods Americans Inc acquired 51% stake in Golden Star Trading Inc along with its brand Golden Star. It also has a call option to further buy the remaining 49% stake at the end of three years.
• Vedanta: France-based financial services company Societe Generale sold 2,24,50,200 equity shares in the billionaire Anil Agarwal-owned company via open market transactions. These shares were sold at an average price of Rs391.74 apiece.
• Themis Medicare: The company has received approval for its immunomodulatory antiviral drug Viralex from Drug Controller General of India. The drug will be used for treatment of COVID-19.
• SJVN: The company will receive a loan of Rs1,537 crore from the State Bank of India and Rs319.04 crore from Punjab National Bank for a hydel project in Himachal Pradesh and solar power project in Uttar Pradesh, respectively.
• KEC International: The company won secured new orders of Rs1,131 crore across its various businesses.
• John Cockerill: The company received an order worth Rs1,100 crore from ArcelorMittal Nippon Steel India for supply of two new steel processing lines to be installed at the client’s Hazira Works.
• IndiaMART InterMESH: The company has entered into an agreement to make an investment in Zimyo Consulting against 10 percent of the share capital.
• Mahindra & Mahindra Financial Services: The firm has disbursed approximately Rs2,733 crore of loans in February 2022, registering a 44% yoy growth.