Stock market news that you should not miss today - March 02, 2021

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

March 02, 2021 8:22 IST

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

  • Markets to open on a muted note; support @14,600, resistance at 15,000.
  • FIIs bought shares worth Rs125.15cr (cash), sold Rs194.88cr in index futures.
  • US markets closed with major gains on Monday. Asian Markets opened in the green on Tuesday.
  • Brent crude was 1.41% lower at $62.79 per barrel.
  • Hero MotoCorp sold 505,467 units of motorcycles and scooters in February 2021.
  • Eicher Motors motorcycle sales in February 2021 rose to 69,659 units versus 68,877 units MoM.
  • BPCL board approved the proposal for sale of entire equity shares i.e.45,35,45,998 equity shares of RsI0/-each held by BPCL in Numaligarh Refinery.
  • Coal India production stood at 61.9 Mill Te in February 2021.
  • NMDC’s Production in February 2020 increased to 3.86 million tonnes from 3.24 million tonnes yoy and sales rose to 3.25 million tonnes from 2.91 million tonnes yoy.
  • UPL Announces Long-Term Collaboration With FMC Corporation for Rynaxypyr Active Ingredient.
  • PVR Cinemas upgrades iconic Deep Cinemas into a 3-screen multiplex.
  • RBI imposes Rs2cr penalty on Bank of Maharashtra for non-compliances
  • Quess Corp announced the separation of its Chairman and MD roles. Suraj Moraje, currently Group CEO and Executive Director, will be elevated to Group CEO and Managing Director from April 1. Ajit Isaac, currently Executive Chairman and MD, will continue in the role of Executive Chairman.
  • CDSL to set up Market Infrastructure Institutions comprising of International Bullion Exchange, Clearing Corporation and Depository at Gujarat International Finance Tec-City Trade (GIFT) City.
  • Petronet LNG incorporates a wholly- owned subsidiary company of Petronet LNG Limited for undertaking GUCD operations, LNG Bunkering and other allied services.
  • Railway Ministry has directed IRCTC to terminate all existing contracts of mobile catering (currently kept in abeyance) involving scope of work of providing cooked food to passengers prepared from base kitchens as per the existing terms and conditions.
  • VIPUL has received No Objection Letter issued by PNB Housing Finance Ltd (PNBHFL)for signing a Joint Venture Agreement with Tulip Infratech Private Limited, for takeover of all development rights to carry out all developments activities in relation to residential project namely" Aarohan Residences" at Haryana.
  • Wipro appoints Philippe Dintrans as Senior Vice President and Head, Domain & Consulting, iDEAS.
  • DIPAM Secretary said multiple expressions of interest received for privatisation of Shipping Corporation and the said transaction will now move to the second stage.
  • Pari Washington India Master Fund reduced stake in the Savita Oil Technologies to 3.21% from 5.33% via open market transaction.