Stock market news that you should not miss today

30 Mar 2022 , 08:00 AM

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

• Markets to open on a positive note; support @17,200, resistance at 17,700.
• FIIs bought shares worth Rs35.47cr (cash), bought Rs1713.31cr in index futures.
• US markets close higher. Asian Markets opened in the red
• Brent crude was trading 0.83% higher at $111.15 per barrel.
• The government will this week sell up to 1.5% of its stake in the country’s top oil and gas producer ONGC to raise about Rs3,000 crore.
• InterGlobe Aviation Ltd, which operates India’s biggest carrier IndiGo has appointed Gaurav Negi as Chief Financial Officer effective April 01, 2022.
• Hero MotoCorp will increase the prices of its motorcycles and scooters by up to Rs2,000 from April 5.
• HDFC Bank has inked an agreement to invest Rs3 crore in the first tranche to acquire a stake in debt management company IDRCL. 
• Tata Motors, India’s top-selling electric carmaker, said the cost of battery cells had increased by around 20% because of a global surge in raw material prices, mainly lithium, putting pressure on the company in the short-term.
• Tata Steel has appointed Noel Naval Tata, a trustee on the boards of Sir Ratan Tata Trust and Sir Dorabji Tata Trust, its additional director and designated him as the vice-chairman.
• Ruchi Soya Industries has rescheduled its board meeting on March 31 to fix issue price of its Rs4,300 crore FPO (follow-on public offer) in view of markets regulator Sebi’s direction to allow withdrawal of investors’ bids till Wednesday.
• IDBI Bank to sell an entire stake of 20 crore equity shares in Ageas Federal Life Insurance.