Stock market news that you should not miss today - March 13, 2021

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

  • Markets to open on a negative note; support @15,100, resistance at 15,450.
  • FIIs sold shares worth Rs15.69cr (cash), bought Rs447.67cr in index futures.
  • US markets closed higher on Thursday. Asian Markets opened in the green on Friday.
  • Brent crude was 0.32% lower at $69.41 per barrel.
  • Infosys BPM and Newmont Corporation Extend their Strategic Collaboration to Standardize & Digitize Delivery Models Across Mine Sites.
  • NBCC India received contracts for construction of cooling tower (NDCT) CT-1, 3 and 5 for Yadadri Thermal Power Station, (5x800 MW) owned by Telangana State Power Generation Corporation.
  • JSW Steel crude production at 13.06 lakh tonnes in February 2021.
  • Prestige Estates Projects Limited announced that it has completed phase 1 of the proposed transaction with Blackstone Group.
  • IDBI Bank has been taken out of the Prompt Corrective Action (PCA) framework by the RBI. The bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis.
  • PSU Banks in focus as Unions decide to hold 2-day strike on March 15 and 16.
  • India Glycols board considered and approved the execution of the business transfer agreement on 11 March 2021 for transfer of Company’s BioEO (Speciality Chemicals) Business to IGL Green Chemicals Private Limited (IGCPL), a wholly- owned subsidiary.
  • SIKA Receives Twin Recognitions for Company’s Performance.
  • HKG Limited launched new portal “HKG MONEY” to our web bank. HKG MONEY is a business which shall provide an unmatched Investment Strategy.
  • Happiest Minds Technologies partners with Ilantus Technologies to deliver Next-gen Identity and Access Management Security Services.
  • Ramco Systems announced that it has gone live at Caverton Helicopters Limited, a Nigerian aerospace company serving the Nigerian and West African offshore oil and gas industry and other business sectors, with its Aviation M&E MRO Suite V5.8, thereby integrating and digitally transforming Caverton Helicopters’ business processes.
  • Max Healthcare raises ~Rs1200cr through Qualified Institutions Placement (QIP) route.
  • ICRA revised rating on Pricol long term - fund based and term loan to BBB from BB+, with a Stable outlook.