Stock market news that you should not miss today

29 Mar 2022 , 07:58 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 Rs801.41cr (cash), bought Rs1161.7cr in index futures.
• US markets close higher. Asian Markets opened in the green.
• Brent crude was trading 1.60% lower at $110.68 per barrel.
• Tata Power: The company and Rustomjee Group have collaborated to set up electric vehicle charging infrastructure at the commercial and residential projects of the latter across Mumbai metropolitan region.
• GR Infraprojects: The company has emerged as an L-1 bidder in financial bid opening for tenders invited by NHAI for two projects respectively – four laning of existing 2-lane stretch from Govindpur to Rajura in Maharashtra and another four laning of existing 2-lane stretch from Bamni to MH/TG border in Maharashtra.
• Aurobindo Pharma: The company has approved the acquisition of business and certain assets of Veritaz Healthcare which is a pharmaceutical industry selling branded generic formulations and other health care related products.
• Piramal Enterprises: The company approved allotment of 1,750 secured NCDs each of face value of Rs10 lakh at a price of Rs10,05,497 per debenture aggregating to Rs175.96 crores on a private placement basis.
• ICICI Bank: The bank signed an agreement for investment in India Debt Resolution Company. ICICI Bank will buy 15% stake in IDRC for Rs 7.5 crore with the first investment of Rs3 crore by March 31.
• Zensar Technologies: Opens a global delivery centre in Kolkata to support global clients and leverage local talent.
• Ruchi Soya: The Rs4,300-crore follow-on public offer was subscribed 3.6 times on the final day on Monday. SEBI, however, allowed investors other than anchor buyers to withdraw their bids for the company’s share sale citing misleading advertising, a rare such action.
• Swelect Energy Systems: Subsidiary Swelect Renewable Energy has successfully commissioned a 11 MWac solar power plant in Trichy, Tamil Nadu. It had executed power purchase agreements with captive users – Hatsun Agro Product, Prashanth Fertility Research Centre, and Mudhra Fine Blanc – for the sale of solar power for a period of 15 years from the said plant.
• Sudarshan Chemical Industries: The board approved fundraising of up to Rs200 crore through issue of non-convertible debentures on a private placement basis.
• Veranda Learning Solutions: Three-day IPO to open today to raise up to Rs200 crore. Company is selling shares at Rs130-137 apiece.