Closing Indices

09 MAR 22 

Bse Sensex Closed @ 54647.33 ⬆️ 1223.24 Points 

Nse Nifty Closed @ 16345.35 ⬆️ 331.90 Points 

BankNifty Closed @ 33815.45 ⬆️ 657.35 Points India 

VIX Closed @ 27.6475 ⬇️ 0.3100 Points

In News

Stocks in News

Yasho Industries: The company said its board on March 16 will consider capital expenditure for a new greenfield project with a capacity of 15,500 metric tonne per annum at Bharuch, Gujarat. 

Zydus Lifesciences: Zydus' US-based biopharmaceutical arm Sentynl Therapeutics Inc has executed an asset purchase agreement for the sale of BridgeBio's Nulibry (Fosdenopterin) for injection. Nulibry is approved by the US Food and Drug Administration (USFDA) to reduce the risk of mortality in patients with molybdenum cofactor deficiency (MoCD) Type A, an ultra-rare, life-threatening paediatric genetic disorder. 

ISGEC Heavy Engineering: The company has bagged a large order for cement waste heat recovery boilers from Shree Cement in Nawalgarh, Rajasthan. The scope of work includes designing, manufacturing, and supplying of PH boiler in the pre heater exhaust and AQC boiler in the cooler exhaust. The current order for the Nawalgarh site will be the third project that Isgec has received from Shree Cement. 

Bafna Pharmaceuticals: Promoter SRJR Life Sciences LLP will sell 99,357 equity shares or 0.42 percent stake in the company through open market transactions. The purpose of this stake sale, which will start from March 9, is to achieve minimum public shareholding. 

Bharat Forge: The auto ancillary company said its subsidiary Kalyani Strategic Systems (KSSL) has incorporated a joint venture company - Sagar-Manas Technologies (SMTL), with open joint stock company Dastan Transnational Corporation. The joint venture will help the company to participate in joint upgradation and manufacturing/ providing solutions for marine and defence products. Dastan, a Kyrgyzstan entity, is a leading multipurpose enterprise engaged in the development, manufacturing, sale of defence equipment, electronic devices, medical centrifuges, etc. KSSL will hold a 51 percent stake and the balance 49 percent will be held by Dastan in SMTL. 

Sun Pharmaceutical Industries: Subsidiary Taro Pharmaceuticals USA Inc has completed the acquisition of subsidiary companies of Galderma. The acquired subsidiaries of Galderma included Galderma Holdings Inc which was incorporated in Delaware, Proactiv YK which was incorporated in Japan, and The Proactiv Company Corporation which was incorporated in Canada. These subsidiaries sold products under the Proactiv, Restorative Elements and In Defense of Skin brands. The company paid $99.279 million for the entire transaction. 

Corporate Updates

Today's Corporate Action 9th Mar Ex Date

VEDL Interim Dividend - Rs. - 13.0000

Today's Key Results/Board Meetings 9-Mar-22

AKSHAR General

BALPHARMA Amalgamation;General

BRANDBUCKT Increase in Authorised Capital

DILIGENT Stock  Split

DWL General

PENIND Buy Back of Shares;General

TOYAMIND General

Market Movers

Some of the main moves in markets:

Stocks

The S&P 500 fell 0.7% as of 4 p.m. New York time

The Nasdaq 100 fell 0.4%

The Dow Jones Industrial Average fell 0.6%

The MSCI World index fell 0.7%

Currencies

The Bloomberg Dollar Spot Index was little changed

The euro rose 0.5% to $1.0906

The British pound was little changed at $1.3099

The Japanese yen fell 0.3% to 115.65 per dollar

Bonds

The yield on 10-year Treasuries advanced eight basis points to 1.86%

Germany’s 10-year yield advanced 13 basis points to 0.11%

Britain’s 10-year yield advanced 14 basis points to 1.45%

Commodities

West Texas Intermediate crude rose 4.6% to $124.85 a barrel

Gold futures rose 3.2% to $2,059.40 an ounce