Stock market news that you should not miss today - February 24, 2021

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

February 24, 2021 7:45 IST

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

  • Markets to open on a positive note; support @14,651, resistance at 14,900.
  • FIIs sold shares worth Rs1569.04cr (cash), bought Rs216.67cr in index futures.
  • US markets closed mixed Tuesday. Asian Markets started on a mixed note on Wednesday.
  • Brent crude was 0.43% lower at $65.09 per barrel.
  • Aurobindo Pharma has entered into binding agreements to invest Rs5.382cr each in NVNR (Ramannapet I) Power Plant Private Limited and NVNR (Ramannapet /I) Power Plant Private Limited, Hyderabad based solar power generating companies, aggregating to Rs10.764cr.
  • Tata Consumer Products to replace GAIL India in Nifty50 Index from March 31, 2021.
  • Brazil approved Pfizer’s Covid vaccine for widespread use.
  • SPARC: USFDA has sought a new phase-3 study on cancer drug Taclantis.
  • NTPC has executed Share Purchase Agreements with GAIL (India) for purchase of GAil’s share (25.51%) in Ratnagiri Gas and Power Pvt. Ltd. (RGPPL) and Sale of NTPC’s share (14.82%) (on fully dilutive basis) in Konkan LNG Ltd. (KLL).
  • Mahindra CIE Automotive subscribed to 8,26,000 equity shares of ReNew Surya Alok Private Limited (ReNew) which constitute 31.20% of the total issued and paid-up capital of ReNew.
  • Sanofi India board approves re-appointment of Aditya Narayan as an Independent Director and Chairman. Board approves a final dividend of Rs125 per share and a special dividend of Rs240 per share.
  • Infosys Recognized as One of World’s Most Ethical Companies by Ethisphere Institute.
  • Heranba Industries IPO subscribed 85% on Day 1 led by stellar demand from retail investors.