Stock Market Live update on 23rd March 2022. The Nifty futures were trading higher around 17,435 level on the Singaporean Exchange at 8:00 IST. Asian markets are trading positive, while the US market ended higher on Tuesday.
Levels for Nifty and Banknifty for 23rd March 2022
Nifty Levels for the day:
Nifty Resistance at 17350
Nifty Support at 17225
Banknifty Levels for the day:
Banknifty Resistance at 36600
Banknifty Support at 36100
Stocks in Focus today
Promoter Nehal Abhay Vakil has raised his stake in Asian Paints to 1.32 percent from 0.32 percent.
Tata Consultancy Services
The buyback issue of the company will close on March 23. It was opened on March 9. The company had planned to buy back up to 4 crore equity shares from eligible shareholders.
State Bank of India
SBI buys a 7.84 percent stake in Open Network For Digital Commerce for Rs 10 crore.
The IT company will acquire Oddity, Germany-based digital marketing, experience, and commerce agency. Oddity will become part of WONGDOODY, an Infosys company, and join its network of studios across Seattle, Los Angeles, New York, Providence, Houston, and London, and design hubs in five cities in India.
The company said its board has approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself.
Indiabulls Housing Finance
The board has approved raising up to Rs 50,000 crore through NCDs and/or bonds on a private placement basis.
The company and NEORIS has signed an agreement for Integrated IT Services.
Bhansali Engineering Polymers
The company has received consent, from the MP Pollution Control Board, for expansion of high rubber graft – HRG (rubber rich acrylonitrile butadiene styrene) from 15000 TPA to 50000 TPA for Satnoor plant at Chhindwara in Madhya Pradesh.
The south-based real estate company has entered into the plotted development space with a 66-acre residential project in Devanahalli, Bangalore. The project is a strategic joint development that will offer plot sizes ranging from 1,200 square feet to 2,400 square feet.
Kirloskar Pneumatic Company
The company has converted about 5.58 lakh square metres of Government Grant land at Eklahare, Nashik Road, Maharashtra, to Freehold Land at a cost of approximately Rs 58 crore as per the order of Nashik Collector, to meet its future growth requirements.
Adani Ports and Special Economic Zone
The company’s cargo volumes accelerated to 300 million metric tonnes. The largest transport utility is on course to achieve 500 MMT by 2025.
Chacko Thomas had been reappointed as the Managing Director, Chief Executive Officer for 3 years, and K Venkataramanan is re-appointed as ED, CFO for 1 year.
RailTel Corporation of India
The company has received a work ordeThe company has received a work order worth Rs 11.57 crore, from Rail Vikas Nigam for the installation of RailTel’s MPLS-VPN services for 5 years.