In News

In News

Sudarshan Chemical Industries: The board approved fund raising of up to Rs 200 crore through issue of non-convertible debentures, on private placement basis.

Ashapura Minechem: Porinju Veliyath-backed Equity Intelligence India sold 4.82 lakh equity shares in the company via open market transactions on March 24. With this, its shareholding in the company stands at 0.83 percent, down from 1.36 percent earlier.

Aurobindo Pharma: The company has acquired business and certain assets of Veritaz Healthcare, for Rs 171 crore. Veritaz operates in pharmaceutical industry in India and sells branded generic formulations and other health care related products.

Muthoot Capital Services: The company completed transaction of Rs 193.63 crore through securitisation of portfolio. This is the second securitisation carried out by the company during the FY22.

G R Infraprojects: The company has emerged as L-1 bidder for two projects - four laning of existing 2-lane stretch from Govindpur to Rajura in Maharashtra, and another four laning of existing 2-lane stretch from Bamni to MH/TG Border in Maharashta on Hybrid Annuity Mode under Commercial Operation NH(O).

Welspun Specialty Solutions: The company has received Rs 15.97 crore from one of its customers, a public sector undertaking after an arbitral award passed in favour of the company. This payment is with regard to certain disputes that arose out of a contract for supply of seamless pipes by the company.

Tata Power: The company has collaborated with Rustomjee Group, the leading real estate developer, to provide end-to-end electric vehicle charging solutions across all its residential and commercial projects in Mumbai Metropolitan Region (MMR).

Key Events

Some key events to watch this week:

Australia’s annual budget, Tuesday
Philadelphia Fed President Patrick Harker to speak, Tuesday
U.S. GDP, Wednesday
Richmond Fed President Thomas Barkin to speak, Wednesday
China manufacturing, non-manufacturing PMIs, Thursday
OPEC and non-OPEC ministerial meeting to discuss production targets, Thursday
New York Fed President John Williams to speak, Thursday
U.S. jobs report, Friday

Some of the main moves in markets:

Stocks
The S&P 500 rose 0.7% as of 4 p.m. New York time
The Nasdaq 100 rose 1.6%
The Dow Jones Industrial Average rose 0.3%
The MSCI World index rose 0.4%

Currencies
The Bloomberg Dollar Spot Index rose 0.4%
The euro was little changed at $1.0987
The British pound fell 0.7% to $1.3093
The Japanese yen fell 1.5% to 123.84 per dollar

Bonds
The yield on 10-year Treasuries declined two basis points to 2.45%
Germany’s 10-year yield was little changed at 0.58%
Britain’s 10-year yield declined eight basis points to 1.62%

Commodities
West Texas Intermediate crude fell 9.4% to $103.15 a barrel
Gold futures fell 1.9% to $1,923.30 an ounce

Closing Indices

28 MAR 2022 

Bse Sensex Closed @ 57593.49 ⬆️ 231.29 Points 

Nse Nifty Closed @ 17222.00 ⬆️ 69.00 Points 

Bank Nifty Closed @ 35710.50 ⬆️ 300.40 Points 

India VIX Closed @ 22.6100 ⬇️ 0.8200 Points