Stock Market Live update on 29th March 2022. The Nifty futures were trading higher around 17,380 level on the Singaporean Exchange at 8:00 IST. Asian markets are trading in the green, while the US market ended higher on Monday.
Levels for Nifty and Banknifty for 29th March 2022
Nifty Levels for the day:
Nifty Resistance at 17350
Nifty Support at 17150
Banknifty Levels for the day:
Banknifty Resistance at 36000
Banknifty Support at 35500
Stocks in Focus today
The lender will buy a 15 percent stake in India Debt Resolution Company in tranches.
The company has collaborated with Rustomjee Group to provide end-to-end electric vehicle charging solutions across all its residential and commercial projects in Mumbai Metropolitan Region.
Sudarshan Chemical Industries
The board has approved fundraising of up to Rs 200 crore through the issue of non-convertible debentures, on a private placement basis.
Welspun Specialty Solutions
The company has received Rs 15.97 crore from one of its customers, a public sector undertaking after an arbitral award was passed in favour of the company. This payment is with regard to certain disputes that arose out of a contract for the supply of seamless pipes by the company.
Muthoot Capital Services
The company completed a transaction of Rs 193.63 crore through the securitisation of the portfolio. This is the second securitisation carried out by the company during FY22.
The company has acquired business and certain assets of Veritaz Healthcare, for Rs 171 crore. Veritaz operates in the pharmaceutical industry in India and sells branded generic formulations and other health care-related products.
SBI Life Insurance
The company on March 28 has launched a block deal wherein Canada Pension Fund will sell its 0.56 percent stake in the company at a price band of Rs 1,039 – Rs 1,077 apiece, CNBC-TV18 reported. This is the second sale by Canada Pension Fund in a week. Last week it sold 4 crore shares in Kotak Mahindra Bank.
The company’s board of directors has approved the allotment of 3.32 crore equity shares at Rs 225 per share in the rights issue announced earlier this year.
G R Infraprojects
The company has emerged as an L-1 bidder for two projects – four-laning of the existing 2-lane stretch from Govindpur to Rajura in Maharashtra, and from Bamni to MH/TG Border in Maharashtra on Hybrid Annuity Mode under Commercial Operation NH(O).
Porinju Veliyath-backed Equity Intelligence India has sold 4.82 lakh equity shares in the company through open market transactions on March 24. With this, its shareholding in the company stands at 0.83 percent, down from 1.36 percent earlier.