Stock market news that you should not miss today

17 Mar 2022 , 07:55 AM

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

• Markets to open on a positive note; support @16,650, resistance at 17,400.
• FIIs bought shares worth Rs311.99cr (cash), bought Rs772.55cr in index futures.
• US markets close higher. Asian Markets open in the green.
• Brent crude was trading 0.87% higher at $98.87 per barrel.
• OIL India said subsidiary Numaligarh Refinery will invest Rs 6,555 crore for implementation of petrochemical project at Numaligarh, Assam. The board also approved formation of a joint venture company between Assam Gas Company (AGCL) and Oil India (OIL) for the three geographical areas offered by Petroleum and Natural Gas Regulatory Board [PNGRB].
• Voltas will enter into a joint venture arrangement with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company.
• Gufic Biosciences has incorporated a wholly-owned subsidiary firm – Gufic UK, to expand its pharmaceutical business in United Kingdom.
• Satin Creditcare Network board on March 22 will consider fundraising by issuance of NCD on private placement basis.
• GlaxoSmithKline Pharmaceuticals has completed the transaction for sale of its trademarks pertaining to ‘lodex’ and ‘Ostocalcium’ brands in India to GlaxoSmithKline Asia Private Limited.
• Om Infra secured two prestigious contracts from Public Health Engineering Department, Region Churu (Rajasthan).
• Indiabulls Housing Finance board on March 22 will consider raising of funds via bonds, in one or more tranches, on private placement basis.
• BEML board on March 22 will consider an interim dividend for FY22 on equity shares, if any. The record date for payment of interim dividend is fixed as March 30.
• Yasho Industries has received board approval for a capital expenditure of Rs 350 crore in Phase 1 for its greenfield project at Pakhajan (Dahej), Gujarat.
• Coastal Corporation board on March 29 will consider a proposal to issue equity shares to the existing shareholders on rights basis.
• Allcargo Logistics board has approved an interim dividend of Rs3 per share.