Stock market news that you should not miss today - February 22, 2021

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

  • Markets to open on a flat to negative note; support @14,800, resistance at 15,150.
  • FIIs bought shares worth Rs118.5cr (cash), sold Rs1174.98cr in index futures.
  • US markets closed flat on Friday. Asian markets opened in the green on Monday.
  • Brent crude was 0.84% higher at $63.44 per barrel.
  • Torrent Power emerges as the highest Bidder for 51% privatization of Power Distribution Company in the UT of Dadra & Nagar Haveli and Daman & Diu.
  • Jubilant FoodWorks Wholly-owned subsidiary Jubilant Foodworks Netherlands B.V. has entered into a purchase agreement to fully acquire Fides Food Systems Coöperatief U.A.
  • Adani Ports has incorporated a wholly-owned subsidiary company “Aqua Desilting Private Limited”.
  • Tata Consumer has successfully completed the acquisition of 100% of the equity share capital of the Kottaram Agro Foods Private Limited.
  • PNB Housing Finance has intimated its plan for raising of Tier I Capital for an amount not exceeding Rs1000cr.
  • INOX Leisure Ltd (INOX) announced the launch of Metro INOX at Jawahar Lal Nehru Road, Chowringhee, Kolkata.
  • NTPC: Consequent upon successful commissioning, 5 MW last part capacity for 20 MW Auraiya Solar PV Project at Auraiya, UP, has been declared on Commercial Operation w.e.f. 00:00 Hrs. of 20.02.2021.
  • Ashiana Housing: The entire 200 units in Phase 2 of ‘Ashiana Aditya’ (Jamshedpur) have been converted into booking.
  • Thomas Cook (Mauritius) Operations Company Limited, a step-down subsidiary, has intimated to the Thomas Cook, that it has completed the buy-back of 38% of its equity share capital from its Promoter, Thomas Cook (Mauritius) Holding Company Limited, a wholly owned subsidiary of the Company.
  • Aarti Drugs: Pinnacle Life Science LLC, a Wholly Owned Subsidiary (“subsidiary”) of the Company, incorporated at “International Free Zone Authority” (IFZA), Fujairah, UAE, has been closed / wound-up.
  • Gayatri Highways Limited has proposed to acquire 51.00% of Equity Share Capital in Balaji HighwaysHoldingPrivateLimited.
  • Narayana Hrudayalaya will invest USD 100 million for capacity expansion in Cayman Islands.
  • ICRA has upgraded Lincoln Pharmaceuticals long-term rating to ICRA A and short-term rating to ICRA A1.
  • Foseco India approved the appointment of Mohit Mangal, as the chief financial officer (CFO) in place of R Umesh.