Stock market news that you should not miss today - March 01, 2021

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

March 01, 2021 7:45 IST

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

  • Markets to open on a positive note; support @14,400, resistance at 15,000.
  • FIIs sold shares worth Rs8295.17cr (cash), bought Rs1499.7cr in index futures.
  • US markets closed mixed on Friday. Asian Markets opened in the green on Monday.
  • Brent crude was 1.97% higher at $65.69 per barrel.
  • Reliance Strategic Business Ventures Limited (“RSBVL”), a wholly owned subsidiary of Reliance Industries Limited, announced that it has acquired additional equity stake in its investee company skyTran Inc. (“skyTran”) for a consideration of USD 26.76million.
  • Axis Bank Limited (“the Bank”) has entered into a Memorandum of Understanding (MoU) amongst members of the consortium seeking to set up a Pan-India (National) Umbrella Entity (“NUE”) for Retail Payments.
  • DLF plans to offer non-convertible debentures aggregating to Rs395cr.
  • Airtel Digital Limited, a wholly-owned subsidiary of Bharti Airtel has agreed to subscribe to 5,000 equity shares (10%) in Ferbine Private Limited.
  • Auto stocks in focus as automakers will announce their February sales data.
  • KEC International Ltd has secured new orders of Rs1,140cr across its various businesses.
  • Zensar Tech received board approval for Divestment of 100% equity shareholding in Aquila Technology Corp.
  • ICRA has withdrawn its rating on the Rs750cr NCDs at a United Spirits request as there was no outstanding against the facility.
  • NXTDIGITAL Limited inducts Vynsley Fernandes, CEO Media Group on to the Board. Elevates him as Managing Director & CEO.
  • PSP Projects Limited (‘the company’) has incorporated a wholly owned subsidiary in the name and style of ‘PSP Foundation’.
  • Indian Oil Corporation will invest Rs32,946cr to expand Panipat refinery capacity to 25 million tonne per year from 15 million tonne per year earlier.
  • Acacia II Partners LP & Others reduced stake in BL Kashyap and Sons to 2.47% from 4.91% earlier.
  • Affle (India) approved the fundraising of upto Rs1,080cr.
  • Investor CDC Group PLC reduced stake in Equitas Holdings to 5.23% from 7.84% via open market sale.
  • Tata Chemicals appointed Nandakumar S Tirumalai as the Chief Financial Officer after John Mulhall was elevated to Managing Director & CEO of subsidiary Tata Chemicals North America, Inc.
  • Acrysil commences commercial production of additional 1 lakh units after completion of capacity expansion of Quartz kitchen sinks at Bhavnagar plant in Gujarat from 5 lakh units to 6 lakh units per annum.