Stock market news that you should not miss today

25 Mar 2022 , 07:48 AM

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

• Markets to open on a positive note; support @17,000, resistance at 17,500.
• FIIs sold shares worth Rs1740.71cr (cash), bought Rs2091.07cr in index futures.
• US markets close higher. Asian Markets open muted.
• Brent crude was trading 0.18% lower at $118.82 per barrel.
• Bharti Airtel is preparing to tap the metaverse opportunity with its upcoming 5G network and will get into “deeper” partnerships with content providers and over-the-top players to enable several use cases, as per media reports.
• Punjab National Bank has acquired a nearly 6% stake in ONDC for Rs10 crore. Open Network for Digital Commerce (ONDC) is an initiative of the Ministry of Commerce and Industry to promote open networks for all aspects of the exchange of goods and services over digital networks.
• Indian Oil Corp (IOC) will raise prices of a litre of petrol and diesel by 0.80 rupees from Friday, its third such increase this week.
• NTPC commissions an additional 42.5MW capacity at Ramagundam floating solar project.
• SBI Funds Management acquired 14.5 lakh equity shares in Kalpataru Power Transmission via open market transactions on March 23. With this, its shareholding in the company stands at 7.25%, up from 6.27% earlier.
• Lighthouse India III Equity Investors Ltd & PACs bought 2.48% in Shaily Engineering Plastics via open market transactions on March 24. With this, their shareholding in the company stands at 9.1%, up from 6.62% earlier.
• Kohinoor Foods board has approved the sale of factory unit of company at Sonepath (Haryana), by way of slump sale, and appointment of Chashu Arora, Chartered Accountant, as CFO of the company.
• Exide Industries subsidiary Chloride Metals has started commercial production at its newly set-up green field manufacturing facility of battery recycling at Haldia, West Bengal.
• Zen Technologies has received a project sanction order (PSO) from Indian Army, for design and development of prototype of Integrated Air Defence Combat Simulator (IADCS).
• Anjani Foods has executed a joint venture agreement with joint venture company Senta Foodwork wherein Anjani Foods holds 51 per cent stake and the rest of shareholding is held by Quennelle 36 Foodworks.