US Markets
》 The S&P 500 closed up more than 2 percent, while the Nasdaq rallied almost 4 percent on Wednesday, as investors shrugged off initial jitters following the US Federal Reserve's interest rate increase and its signal that more hikes would be needed to fight inflation, ending the pandemic-era's easy monetary policy.
Asian Markets
》 Shares in Asia-Pacific rose in Thursday morning trade following overnight gains on Wall Street, while the US Federal Reserve announced its first rate hike in more than three years. The Nikkei 225 in Japan jumped 3.54 percent in morning trade as shares of Fast Retailing soared 6.71 percent while SoftBank Group surged 8.79 percent. The Topix index climbed 2.53 percent.
SGX Nifty
》Trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 296 points. The Nifty futures were trading around 17,303 levels on the Singaporean exchange.
》 The S&P 500 closed up more than 2 percent, while the Nasdaq rallied almost 4 percent on Wednesday, as investors shrugged off initial jitters following the US Federal Reserve's interest rate increase and its signal that more hikes would be needed to fight inflation, ending the pandemic-era's easy monetary policy.
Asian Markets
》 Shares in Asia-Pacific rose in Thursday morning trade following overnight gains on Wall Street, while the US Federal Reserve announced its first rate hike in more than three years. The Nikkei 225 in Japan jumped 3.54 percent in morning trade as shares of Fast Retailing soared 6.71 percent while SoftBank Group surged 8.79 percent. The Topix index climbed 2.53 percent.
SGX Nifty
》Trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 296 points. The Nifty futures were trading around 17,303 levels on the Singaporean exchange.
💡Future Retail will try to reverse store takeover by Reliance Industries 💡
》 Future Retail has said it was committed to taking action to seek value adjustments and reversing the takeover of its stores by Reliance Industries, even as Amazon alleged that Future Retail colluded with Reliance to willingly surrender store leases, violating a court injunction against the transfer of the prized assets.
》 Future Retail has said it was committed to taking action to seek value adjustments and reversing the takeover of its stores by Reliance Industries, even as Amazon alleged that Future Retail colluded with Reliance to willingly surrender store leases, violating a court injunction against the transfer of the prized assets.
Stocks To Watch👉
SAIL: The company declared second interim dividend of Rs 2.5 per equity share, 25% on the paid-up equity share capital of the company.
Adani Power: The company has completed the acquisition of Essar Power MP Ltd. under the Insolvency and Bankruptcy Code for a total consideration Rs 4,250 crore for the 1200 MW power plant.
NXT Digital: The company has given in-principle approval to to merge Hinduja Leyland Finance with itself.
Zydus Lifesciences: The company has signed a share purchase agreement to acquire up to 11.86% stake in AMP Energy Green Nine for setting up captive wind solar hybrid power project in Gujarat.
JSW Energy: The company has approved re-organisation of its renewables and thermal power businesses.
Mahindra and Mahindra: The company has agreed to increase its stake in Carnot Technologies from 15.6% to 52.69% for Rs 14 crore.
Allcargo Logistics: The company has declared an interim dividend of Rs 3 per equity share of face value Rs 2 each.
Wipro: The company has joined the governing board of Open Source Security Foundation to help address the growing threat to the software supply chain.
Reliance Capital: CEO Dhananjay Tiwari has resigned.
Oil India: The company has approved a joint venture with Assam Gas in three geographical areas offered by the Petroleum and Natural Gas Regulatory Board for city gas distribution. It also approved investment of Rs 6,555 crore by Numaligarh Refinery for a petrochemical project. Tube India: The company has appointed Mukesh Ahuja as MD, M.A.M. Arunachalam as executive chairman and Vellayan Subbiah as executive vice chairman for five years.
GSK Pharma: The company has completed the sale of trademarks pertaining to 'lodex' and 'Ostocalcium' brands in India to GSK Asia.
Ansal Housing: The company has defaulted on principal and interest payment of Rs 79.4 crore and Rs 37.57 crore to IFCI.
Godrej Industries: The company has made a further investment of Rs 100.16 crore in Godrej Capital, taking itsstake to 87.11%.
Godrej Consumer: The company has completed divestment of its entire stake in Bhabani Blunt Hair Dressing and the right to use the brand name to manufacture and sell BBLUNT branded products.
BEML: To consider declaration of dividend on March 22. .
Bajaj Finserv: The company has reappointed Sanjiv Bajaj as the managing director for five years.
Voltas: The company will form a 40:60 joint venture with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company, for sale of air-conditioner parts.
PNC Infratech: The company has received a bonus of Rs 82.68 crore (0.04% of contract price) from Uttar Pradesh Expressways Industrial Development Authority for early completion of the Purvanchal Expressway from Sansarpur to Gobindpur.
Yasho Industries : The company has approved capital expenditure of Rs 350 crore for a new greenfield project in Dahej, Gujarata, to manufacture lubricant additives and rubber chemicals.
Jindal Saw: The company approved scheme of amalgamation of Jindal Quality Tubular, Jindal Tubular (India) and Jindal Fittings with Jindal Saw.
Gufic Biosciences: The company has incorporated a wholly owned subsidiary Gufic UK in the United Kingdom
TCS: Selected by SGX for NSE Ifsc-SGX Connect. JSW Steel: Winds up three Mauritius units to simplify structure.
KPR Mills: To conduct Rs 180-crore buyback from March 25 to April 7.
Indiabulls Housing Finance: To consider bonds' private placement on March 22.
SAIL: The company declared second interim dividend of Rs 2.5 per equity share, 25% on the paid-up equity share capital of the company.
Adani Power: The company has completed the acquisition of Essar Power MP Ltd. under the Insolvency and Bankruptcy Code for a total consideration Rs 4,250 crore for the 1200 MW power plant.
NXT Digital: The company has given in-principle approval to to merge Hinduja Leyland Finance with itself.
Zydus Lifesciences: The company has signed a share purchase agreement to acquire up to 11.86% stake in AMP Energy Green Nine for setting up captive wind solar hybrid power project in Gujarat.
JSW Energy: The company has approved re-organisation of its renewables and thermal power businesses.
Mahindra and Mahindra: The company has agreed to increase its stake in Carnot Technologies from 15.6% to 52.69% for Rs 14 crore.
Allcargo Logistics: The company has declared an interim dividend of Rs 3 per equity share of face value Rs 2 each.
Wipro: The company has joined the governing board of Open Source Security Foundation to help address the growing threat to the software supply chain.
Reliance Capital: CEO Dhananjay Tiwari has resigned.
Oil India: The company has approved a joint venture with Assam Gas in three geographical areas offered by the Petroleum and Natural Gas Regulatory Board for city gas distribution. It also approved investment of Rs 6,555 crore by Numaligarh Refinery for a petrochemical project. Tube India: The company has appointed Mukesh Ahuja as MD, M.A.M. Arunachalam as executive chairman and Vellayan Subbiah as executive vice chairman for five years.
GSK Pharma: The company has completed the sale of trademarks pertaining to 'lodex' and 'Ostocalcium' brands in India to GSK Asia.
Ansal Housing: The company has defaulted on principal and interest payment of Rs 79.4 crore and Rs 37.57 crore to IFCI.
Godrej Industries: The company has made a further investment of Rs 100.16 crore in Godrej Capital, taking itsstake to 87.11%.
Godrej Consumer: The company has completed divestment of its entire stake in Bhabani Blunt Hair Dressing and the right to use the brand name to manufacture and sell BBLUNT branded products.
BEML: To consider declaration of dividend on March 22. .
Bajaj Finserv: The company has reappointed Sanjiv Bajaj as the managing director for five years.
Voltas: The company will form a 40:60 joint venture with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company, for sale of air-conditioner parts.
PNC Infratech: The company has received a bonus of Rs 82.68 crore (0.04% of contract price) from Uttar Pradesh Expressways Industrial Development Authority for early completion of the Purvanchal Expressway from Sansarpur to Gobindpur.
Yasho Industries : The company has approved capital expenditure of Rs 350 crore for a new greenfield project in Dahej, Gujarata, to manufacture lubricant additives and rubber chemicals.
Jindal Saw: The company approved scheme of amalgamation of Jindal Quality Tubular, Jindal Tubular (India) and Jindal Fittings with Jindal Saw.
Gufic Biosciences: The company has incorporated a wholly owned subsidiary Gufic UK in the United Kingdom
TCS: Selected by SGX for NSE Ifsc-SGX Connect. JSW Steel: Winds up three Mauritius units to simplify structure.
KPR Mills: To conduct Rs 180-crore buyback from March 25 to April 7.
Indiabulls Housing Finance: To consider bonds' private placement on March 22.