Stock market news that you should not miss today

8 Mar 2022 , 07:54 AM

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

• Markets to open on a positive note; support @15,600, resistance at 16,200.
• FIIs sold shares worth Rs7482.08cr (cash), bought Rs5331.03cr in index futures.
• US markets closed lower. Asian Markets opened in the red.
• Brent crude was trading 0.32% higher at $123.60 per barrel.
• Great Eastern Shipping Company: The firm said its subsidiary Greatship (India) has contracted to sell its 2010 built R-class Platform supply vessel ‘Greatship Rohini’ for scrapping. Greatship Rohini had suffered damage due to a fire incident on board in February 2021. The vessel is expected to be delivered to the buyer in Q4FY22.
• Natco Pharma: The pharma company launched its first generic version of Revlimid (Lenalidomide capsules), in the US market. These capsules are available in 5mg, 1Omg, 15mg, and 25mg strengths. The drug is used for the treatment of multiple myeloma in combination with the medicine dexamethasone, certain myelodysplastic syndromes, and mantle cell lymphoma following specific prior treatment.
• Metro Brands: The company has approved an interim dividend of Rs1.50 per equity share on its face value of Rs5 each for FY22. The record date has been fixed as March 19 for ascertaining the eligibility of shareholders for payment of interim dividend.
• NLC India: The company has declared an interim dividend of Rs1.50 per equity share for the financial year 2021-22.
• Dodla Dairy: The dairy company said the board has approved the purchase of asset, business, and plant & machinery up to Rs55 crore. It has also approved funding for subsidiaries Orgafeed, and Dodla Dairy Kenya, up to Rs40 crore each.
• Arihant Superstructures: Deepak Lohia has resigned as Chief Financial Officer of the company. The company has already searched Rajendra Pawar to take the position of CFO. The proposal will be kept in next board meeting for CFO appointment.