Stock market news that you should not miss today - March 05, 2021

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

March 05, 2021 8:30 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 15,200.
  • FIIs sold shares worth Rs223.11cr (cash), bought Rs788.19cr in index futures.
  • US markets closed lower on Thursday. Asian Markets opened in the red on Friday.
  • Brent crude was 0.15% higher at $66.84 per barrel.
  • Wipro signed an agreement to acquire Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in America, Europe and the Asia Pacific.
  • Heranba Industries is slated to list its shares on bourses on March 5; the issue price has been fixed at Rs627 per share.
  • Unichem Labs has received ANDA approval for its Guanfacine tablets, from USFDA to market a generic version of TENEX (Guanfacine) tablets of Promius Pharma LLC. Guanfacine tablets are indicated in the management of hypertension.
  • Dr Satyanarayana Chava, Founder Promoter, CEO & ED, sold shares worth Rs191.67cr of Laurus Labs and Nagarani Chava, one of the promoters of the company sold shares of Rs66.04cr. Significant part of the amount will be utilised to release the pledge on their equity shares of the company.
  • Aditya Birla Sun Life Mutual Fund reduced stake in the Nitin Spinners to 3.03% from 5.07% via open market sale.
  • ISGEC Heavy Engineering received order for waste heat recovery boilers from Shree Cement.
  • Sintercom India has completed the raising of funds on a preferential private placement basis in the form of equity shares and compulsory convertible debentures (CCDs) from one of its promoters Miba Sinter Holding GmbH & CO KG (Miba), for an aggregate amount of approximately Rs222 million.