Today's Stock Market: Everything You Need To Know Before Trading On March 29

  • March 29, 2022, 11:40 a.m.

Asian stocks rose Tuesday after a climb in U.S. equities, a slump in crude oil and the prospect of more cease-fire talks between Russia and Ukraine helped to support investor sentiment.

Oil extended a slide, taking West Texas Intermediate crude to about $105 a barrel on concerns that China’s mobility curbs against COVID will sap demand. As of 6:10 a.m., the Singapore-traded

SGX Nifty, an early barometer of India's benchmark Nifty 50 index, rose 1.2% to 17,423.8 points as of 6:10 a.m.

The dollar trimmed a gain, while the yen was at around a six-year low against the greenback on the divergence between the hawkish Fed and the dovish Japanese central bank.

Stocks To Watch

  • Tata Power and Rustomjee Group have collaborated to set up electric vehicle charging infrastructure at the commercial and residential projects of the latter across the Mumbai metropolitan region.

  • The company has emerged as the L-1 bidder in the financial bid opening for tenders invited by NHAI for two projects, respectively: four-laning of the existing 2-lane stretch from Govindpur to Rajura in Maharashtra and another four-laning of the existing 2-lane stretch from Bamni to the MH/TG border in Maharashtra.

  • Aurobindo Pharma: The company has approved the acquisition of the business and certain assets of Veritaz Healthcare, which is a pharmaceutical industry selling branded generic formulations and other healthcare-related products.

  • Piramal Enterprises: The company approved the allotment of 1,750 secured NCDs each with a face value of Rs 10 lakh at a price of Rs 10,05,497 per debenture, aggregating to Rs 175.96 crores on a private placement basis.

  • ICICI Bank: The bank signed an agreement for investment in India Debt Resolution Company. ICICI Bank will buy a 15% stake in IDRC for Rs 7.5 crore with a first investment of Rs 3 crore by March 31.

  • Zensar Technologies opens a global delivery centre in Kolkata to support global clients and leverage local talent.

  • Ruchi Soya: The Rs 4,300-crore follow-on public offer was subscribed to 3.6 times on the final day on Monday. SEBI, however, allowed investors other than anchor buyers to withdraw their bids for the company's share sale, citing misleading advertising, a rare such action.

  • Veranda Learning Solutions: A three-day IPO to open today to raise up to Rs 200 crore. The company is selling shares at Rs 130-137 apiece. Also read

Pledge Shares Details

  • Chambal Fertilisers & Chemicals: Promoter Simon India created a pledge of 12.50 lakh shares on March 23.

  • Orient Green Power Company: Promoter Janati Bio Power invoked a pledge of 8.68 crore shares between Dec. 2021 and Jan. 2022.

Insider Trades

  • Mangalore Chemicals & Fertilizers: Promoter Akshay Poddar bought 16,072 shares on March 25.

  • GATI: Promoter Bunny Investments and Finance sold 35,000 shares between March 22 and 24.

Bulk Deals

  • Rajasthan Global Securities bought 1.37 lakh (0.77%) shares at Rs 1378.12 apiece. LLM Appliances sold 1.78 lakh (0.99%) shares at Rs 1378.03 apiece.

  • Lemon Tree Hotels: Graviton Research Capital LLP sold 47.62 lakh (0.6%) shares at Rs 66.64 apiece. QE Securities sold 47.99 lakh (0.6%) shares at Rs 66.64 apiece.

  • MTAR Technologies: Fabmohur Advisors LLP sold 3.36 lakh (1.09%) shares at Rs. 1769.14 apiece.

  • Genesys International Corporation: Ganapathy Viswhanathan Veembil sold 5 lakh (1.6%) shares at Rs 600 apiece.


Who's Meeting Whom

  • Nuvoco Vistas Corporation to meet investors/analysts on March 29

  • Tatva Chintan Pharma On March 29, Chem will meet with Mirae MF, have an investor conference, and meet Sundaram. The company will have a meeting with Nippon, White Oak, UTI, and Max Life on March 30. Dhanki Securities will

  • meet with Welspun Corp on March 29.

  • UltraTech to meet with Pacific Alliance Investment Management, Fidelity International, Wellington Management Company, T Rowe Price Investment Management, Aberdeen Asset Management, M & G Investment Management, and Franklin Templeton Asset Management on March 29.

  • Mahindra Holidays & Resorts India will meet Motilal Oswal on March 29.

  • Hindustan Zinc to Meet Janus Henderson on March 29.

  • Gland Pharma to Meet Mirae Asset Mutual Fund, Sands Capital on March 30, Fiera Capital, and Capital Group on March 31.

Trading Tweaks

  • Future Retail The Price Band

  • was revised from 5% to 10%. Adani Total Gas.

  • Move Out Of The Short-Term ASM Framework: Avt Natural Products, Andhra Paper, Seshasayee Paper & Boards

  • Goldiam International

  • Steel Authority of India

  • Ex-Date Interim Dividend: BEML, SBI Life Insurance Company, Housing & Urban Development Corporation, Sundaram Clayton

  • Ex-Date Annual General Meeting: Varun Beverages

Money Market Update

The rupee ended at 76.17 against the U.S. dollar on Monday, as compared to Friday's closing of 76.20. Also read

F&O Cues

  • Nifty March futures ended at 17,276.65, a premium of 82.3 points.

  • Nifty March futures shed 5.3% and 10,449 shares in open interest.

  • Nifty Bank March futures ended at 35,908.8, a premium of 350 points.

  • Nifty Bank March futures shed 7.03% and 5,866 shares in open interest.

  • Securities in the ban list: Idea, PVR, Sun TV

  • Securities removed from the ban list: Indiabulls Housing Finance, Vodafone Idea, L & T Finance Holding, SAIL.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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