Trends on SGX Nifty indicate a positive opening for the broader index in India with a gain of 88 points.

Things to know before the market opens today…!!!


The Indian stock market is expected to open in the green as trends on the SGX Nifty indicate a positive opening for the broader index in India with a gain of 88 points.

The BSE Sensex was down 89 points at 57,596, while the Nifty50 fell 23 points to 17,223 but formed bullish candle on the daily charts as the closing was higher than opening levels.

As per the pivot charts, the key support level for the Nifty is placed at 17,112, followed by 17,001. If the index moves up, the key resistance levels to watch out for are 17,313 and 17,402.

Stocks In the News: Check out the companies making headlines before the opening bell.

Stocks | Kotak Mahindra Bank, M&M, Zomato, others in news today


Tata Consumer Products: Tata Consumer Products board will meet on March 29 to consider raising funds via preferential share sale. The Tata Group firm plans to issue preferential shares equivalent to 1.5% of its paid up equity capital to a foreign buyer.

Axis Bank

Axis Bank: SEBI levies Rs 5 lakh penalty on Axis Bank for flouting merchant banking (MB) regulations. The matter dates back to a period between August 2016 and August 2019.


Zomato: Zomato-backed Curefit revenue shrinks 67% to Rs 161 crore in FY21 from Rs 496 crore in FY20. The firm posted a loss of Rs 671 crore in FY21, entrackr website reported.

Kotak Mahindra Bank

Kotak Mahindra Bank: Kotak Mahindra Bank sees huge block deal. Kotak Mahindra Bank: The Regents of the University of California bought 1,12,27,404 equity shares in the private sector lender via open market transactions at an average price of Rs 1,699.05 per share, however, Canada Pension Plan Investment Board sold 4 crore shares in the bank at an average price of Rs 1,700.10 per share.

Mahindra & Mahindra

Mahindra & Mahindra: NCLT approves merger of M&M and its subsidiary. The National Company Law Tribunal has approved the scheme of merger by absorption of Mahindra Engineering and Chemical Products, Retail Initiative Holdings and Mahindra Retail, with Mahindra and Mahindra.



DISCLAIMER:- It is on only For Educational purpose we do not have any personal holding in these stocks.

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