Stock Market Today: All You Need To Know Going Into Trade On March 25

Stocks in Asia were steady Friday as investors weighed the resilience of the global economic recovery to risks from tightening of U.S. Federal Reserve's monetary policy and Russia’s military campaign in Ukraine.

Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50 index, fell 0.23% to 17,263.2 points as of 7:00 am.

Japanese, Australian and South Korean equities fluctuated in relatively narrow ranges. U.S. futures slipped after technology stocks helped the S&P 500 index to close at a more than six-week high.

Treasuries pared some of the declines they posted Thursday. The U.S. 10-year yield was still in the vicinity of levels last seen in 2019. Oil retreated, though West Texas Intermediate crude remained above $110/barrel.

• Tata Consumer: The company will consider preferential issue of equity shares representing 1.5% of the paid-up share capital to a foreign company on March 29.

• Punjab and Sind Bank: The bank will consider approval for the exercise of the Call Option on the Additional Tier I Bond Series on March 29.

• Gulshan Polyols: The company approved allotment of 24,16,000 equity shares to five QIBs at the issue price of Rs 326.48 per share (including a premium of 325.48 at the face value of Rs 1 per share) which is at a discount of 5% to the floor price of Rs 343.66 per share.

• Axis Bank: SEBI levied a penalty of Rs 5 lakh on the bank for violation of debt issuance norms. The matter related to issue of debt securities between 2016 and 2019, where the bank acted as a merchant banker.

• Zen Technology: The company received a project order sanction from the Indian Army for design and development of a prototype of the Integrated Air Defence Combat Simulator. The equipment will help in imparting training to gunners at unit level.

• Future Enterprises: The company couldn't pay Rs 93.99 crore to Punjab National Bank and Canara Bank under one-time resolution plan.

• Yes Bank: The bank will consider redemption/interest payment date of bonds on April 12.

• Lupin: The company has received approval from the United States Food and Drug Administration for Sildenafil for oral suspension, 10 mg/ml to market a generic equivalent of Revatio for oral suspension. The drug will be manufactured at company’s facility in Goa.

• NTPC: The company commissioned 42.5 MW of 100 MW Ramagundam Floating Solar PV Project in Telangana, taking the company’s total commercial capacity to 54,494.68 MW.

• Union Bank/Bank of Baroda: The bank reduced its stake in National Asset Reconstruction company from 13.27% to 9.9%.

• PNB Housing: The company entered strategic co-lending agreement with State Bank of India to offer retail loans to homebuyers. The two financial institutions will co-originate loans at an agreed ratio of 20:80 interest rates.

• State Bank of India: India's largest public sector lender has acquired 9.9% stake in National Assets Reconstruction Company.

• Capri Global: The company entered strategic co-lending agreement with State Bank of India to offer retail loans to homebuyers.

• Aurum Proptech: The company has approved the acquisition of 100% of the share capital of HelloWorld Technologies for Rs 42 crore. After the completion of acquisition, the company will infuse Rs 18 crore in the HelloWorld Technologies.

• GTPL Hathway: The company entered into partnership with Verimatrix to onboard its Video Content Authority System to protect its Google Android TV-based DVB Hybrid set top box.

• Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust revoked a pledge of 1000 shares on March 22.

• Mukand: Promoter Group Bachhraj & Company bought 33,509 shares on March 22.

• Deepak Nitrite: Promoter Group Stiffen Credits and Capital bought 32,800 shares on March 21.

• Usha Martin: Promoter Peterhouse Investments sold 3.5 lakh shares on March 22.

• Ramkrishna Forgings: Promoter Riddhi Portfolio bought 3000 shares on March 23.

• Strides Pharma Science: Promoter Pronomz Ventures bought 53,200 shares between March 16 and March 17.

• L&T Finance Holdings: Promoter Larsen & Toubro bought 5.39 crore shares between March 22 and March 23.

• CL Educate: Promoter & Director Satya Narayanan bought 2000 shares on March 24.

• Star Cement: Promoter & Director Prem Kumar Bhajanka bought 1.05 lakh shares on March 22.

• Shriram Properties: Promoter & Director Murali Malayappan bought 39,000 shares on March 23.

• Yasho Industries: Promoter & Director Yayesh Jhaveri and Promoter & Director Vinod Harilal Jhaveri bought 25,000 shares each between March 22 and March 24.

• Raymond: J.K. Investors (Bombay) bought and J.K. Sports Foundation sold 5.5 lakh (0.82%) shares each at Rs 758 apiece.

• Federal-Mogul Goetze (India): Rajasthan Global Securities bought and LRSD Securities sold 6 lakh (1.07%) shares each between at Rs 266.6 apiece.

• Nandan Denim: Sathish Srinivas Nayak bought 3.51 lakh (0.73%) shares at Rs 60.54 apiece.

• Kotak Mahindra Bank: The Regents Of The University Of California bought 1.12 crore (0.56%) shares at Rs 1699.05 apiece. Canada Pension Plan Investment Board sold 4 crore (2.01%) at Rs 1700.1 apiece.

• Shaily Engineering Plastics: Rajen Sanghvi sold 75,426 (0.82%) shares at Rs 1702 apiece. Lighthouse India III Equity Investors bought 2.25 lakh (2.45%) shares at Rs 1701.97 apiece. Rashmi Bharat Sanghvi sold 69,426 (0.75%) shares at Rs 1702.01 apiece. Bharat Bhogilal Sanghvi sold 83,084 (0.9%) shares at Rs 1702.02 apiece.

• Move Out Of Short-Term ASM Framework: Excel Industries, Ganesh Housing Corporation

• Record Date Interim Dividend: Allcargo Logistics, RITES, Rail Vikas Nigam

• Record Date Bonus: Nandan Denim

• Ex-Date Interim Dividend: TVS Motor Company

The rupee ended at 76.37 against the U.S. Dollar on Thursday as compared to Wednesday’s closing of 76.30.

• Nifty March futures ended at 17,215, a discount of 7.75 points.

• Nifty March futures shed 4.04% and 8,630 shares in Open Interest.

• Nifty Bank March futures ended at 35,598, a premium of 70.9 points.

• Nifty Bank March futures shed 3.47% and 3,226 shares in Open Interest.

• Securities in the ban list: Indiabulls Housing Finance, Balrampur Chini Mills, Delta Corp, Sun TV, SAIL

• Securities added to the ban list: Vodafone Idea, L&T Finance Holding

• Securities removed from the ban list: Gujarat Narmada Valley Fertilisers & Chemicals

• Paytm - Regulatory Risks, Global Valuations Ease-Off Impact: Dolat Capital

• Gold Loan Players Can Aim To Strengthen Their MFI Subsidiaries As Competition Caps Yields: ICICI Securities

• Oil & Gas Sector Check - Demand Key For Oil While For Gas It Is Supply: Nirmal Bang

• JSPL - Strong Volume Growth, Deleveraging To Continue: Motilal Oswal

• HUL - Squeezed From All Fronts; Expect Moderate Returns In Current Environment: Prabhudas Lilladher