Stock market news that you should not miss today - March 03, 2021

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

March 03, 2021 8:20 IST

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

  • Markets to open on a negative note; support @14,700, resistance at 15,100.
  • FIIs bought shares worth Rs2223.16cr (cash), sold Rs854.04cr in index futures.
  • US markets closed with losses on Tuesday. Asian Markets opened muted on Wednesday.
  • Brent crude was 0.21% higher at $62.83 per barrel.
  • RIL: Reliance Jio Infocomm has successfully acquired the right to use spectrum in all 22 circles across India.
  • Ircon International’s offer for sale will open during March 3-4, the government will divest 10% equity stake in company with an additional 6% as green shoe option.
  • HCL Software’s cloud-native Digital Experience and Unica marketing platforms now on Google Cloud.
  • CRISIL reaffirmed Motherson Sumi’s long term credit rating as AA+ and revised outlook from Negative to Stable.
  • Telecom stocks in focus: Bharti Airtel acquired 355.45 MHz at Rs 18,698.75 crore, and Vodafone Idea acquired 11.80 MHz for Rs 1,993.40 crore in the latest spectrum auction.
  • India Ratings and Research (Ind-Ra) has affirmed The Federal Bank Limited’s (FBL) Basel III Tier 2 bonds rating.
  • V-Mart Retail has opened a new store, in the state of Bihar.
  • Thomas Cook India & SOTC tap high potential segment of women travellers.
  • VIPUL divests 51% stake in Vipul Lavanya Developers Limited, a subsidiary of the Company.
  • Gayatri Highways successfully completes acquisition of 51% stake of Bajaj Highways Holding.
  • Mahindra Lifespace Developers launched its residential project ‘Aclove’, at Chandivali, Andheri, Mumbai Metropolitan Region. The project is registered with Maharashtra RERA.
  • Jaiprakash Power Ventures approved disinvestment of 74% shareholding in the Jaypee Powergrid (A Joint Venture Company of Powergrid Corporation of India and the company).
  • Ruchi Soya Industries Promoter Patanjali Ayurved Ltd created a pledge on 48.17% stake.
  • Indian Oil Corporation awarded the project for execution of consultancy for overall project management and EPCM Services (Phase II) for capacity expansion of Panipat refinery from 15 MMTPA to 25 MMTPA (P-25 Project) to Engineers India.