Stock market news that you should not miss today - March 09, 2021

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

  • Markets to open on a negative note; support @14,850, resistance at 15,111.
  • FIIs sold shares worth Rs2014.16cr (cash), sold Rs1191.19cr in index futures.
  • US markets closed higher on Monday. Asian Markets opened in the green on Tuesday.
  • Brent crude was 0.81% higher at $68.79 per barrel.
  • Wipro: Appirio, a Wipro company, is helping National Grid transform its business with an omnichannel customer experience by unifying its engagement with 68 million customers across two continents.
  • Biocon: Biocon Biologics (BBL) has approved the allotment of 1,97,99,305 equity shares at an issue price of Rs280.31 per share to the investor. The subscription money aggregating around Rs555cr have been received by BBL from Beta Oryx, a wholly-owned subsidiary of ADQ.
  • JSW Energy board approved the sale of an 18 MW thermal power plant at Salboni to JSW Cement Limited on a going concern basis.
  • BPCL board has approved the sale of BPCL equity shares which are held by the BPCL Trust for Investment in shares through accelerated book built offering of equity shares on the screen based trading platform of the stock exchanges.
  • PSP Projects is in receipt of Letter of Acceptances (LOA) amounting to Rs1491.34cr (excluding GST) for construction of medical colleges and hospitals at multiple locations at Uttar Pradesh.
  • RPSG executed share purchase agreement with Biren Natwarlal Vaidya, Arjun Vaidya, Sheetal Vaidya, Karan Vaidya (“Sellers”) and Herbolab India Private Limited and has acquired 35.37% shareholding in Herbolab India Private Limited (“Herbolab”), a subsidiary of the Company.
  • Gigaplex Estate Pvt. Ltd. (“Gigaplex”), one of the special purpose vehicles (“SPV”) of Mindspace REIT, has entered into an agreement to sub-lease with a leading data center operator to sub-lease approximately 0.63 million sq. ft. at Mindspace, Airoli West, Mumbai.
  • Lemon Tree Hotels signs new hotel in Biratnagar in Nepal.
  • Intellect Design Arena launches Magic Aadhaar, an Al powered comprehensive Aadhaar processing solution to identify, extract, validate and mask Aadhaar details.
  • Mahindra Holiday Resort: Due to a rise in number of Covid 19 cases, Holiday Club Resorts Oy (HCR), Finland, a Material Unlisted Subsidiary of the Company, has suspended the operations in 4 SPA hotels in Finland for a period of 3 weeks from March 8, 2021.
  • Easy Trip Planners IPO subscribed 2.33 times on Day 1, retail portion booked 12.6 times.