Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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March 02, 2022

• IEA AGREES TO RELEASE 60M BARRELS OF OIL FROM STOCKPILES
• RUSSIAN URALS OIL OFFERED AT NEW RECORD DISCOUNT OF $15 TO BRENT IN EUROPE
• MAHINDRA & MAHINDRA LTD: FEBRUARY SALES 54,455 UNITS VS 28,777 UNITS (YOY); 46,806 UNITS (MOM)
• MARUTI SUZUKI INDIA LTD: FEBRUARY TOTAL (DOMESTIC + EXPORT )SALES 164,056 UNITS VS 164,469 UNITS (YOY); 154,379 UNITS (MOM)
• TATA MOTORS: FEBRUARY TOTAL SALES 77,733 UNITS VS 61,258 UNITS (YOY);76,210 UNITS (MOM)
• • Former Turkish Airlines Chair Backs Away From Air India CEO Job
• o India Jan. Key Industries’ Output Rises 3.7% Y/y
• • India May Review Timing of LIC Share Sale After Ukraine Invasion
• • Traders See Saudis Hiking Oil Prices Amid Rush to Secure Cargoes
• • India Collects INR1.33T in Gross GST Revenue in Feb, +18% Y/y
• • India’s April-Jan. Budget Deficit Reaches 58.9% of FY Target
• • India ‘Worried’ About Trade With Russia, Ukraine: Sitharaman
• • India’s IOC No Longer Seeks FOB Cargoes of Russian Crude, CPC
• • China Launches Anti-Dumping Probe on Indian Phthalocyanine
• • Costly Capital Limits India’s Clean Energy Growth, Mathur Says
• • Thailand Approves Air Travel Bubble With India From March
• • Future Retail Allowed to Seek Shareholders Nod for Reliance Deal
• • Ex-Banker Buch First Woman to Head India Capital Market Watchdog
• • India’s Green Push Spurs Solar Energy Firms to Tap Bond Market
• • India’s Economy Faces Headwinds Amid Ukraine Crisis, Emkay Says
• • India, Mideast Bonds to Gain From Russia Reallocation: Lombard
• • India, Japan Renew Bilateral Swap Arrangement: RBI
• • Foreign Investors Sell Net INR44.3B of Indian Equities Feb. 25
• • Foreigners Buy Net INR62.1B of Indian Equity Derivatives Monday
• • Aban Offshore (ABAN): Extends date of sale of rig to March 31
• • Ashok Leyland (AL): Feb. vehicle sales 13,281 units vs 12,776 year ago
• • Coal India (COAL): Feb. offtake 57.4m tons vs 51.3m year ago; Feb. production 64.3m tons vs 61.9m y/y
• • Eicher Motors (EIM): Feb. vehicle sales +7.3% y/y to 5,856 units
• • Escorts (ESC): Feb. tractor sales down 45.6% y/y to 6,114 units
• • Eveready Industries (EVRIN): Burman Group Seeks Control of Eveready After Open Offer 26% or 18.9m shares at 320 rupees each
• • Future Enterprises (FEL): Says no immediate impact on deal with Generali after court order on Future Generali stake sale restraint
• • Future Market Networks (FMNL): Says NCLT allows to hold holders’ meeting
• • IndiaMart InterMesh (INMART): Says unit to buy 26% stake in Adansa Solutions
• • Mahindra Logistics (MAHLOG): To buy up to 60% of Whizzard for INR717.3m
• • Maruti Suzuki (MSIL): Feb. sales 164,056 unit vs 164,469 year ago
• • Siemens India (SIEM): Buys 26% stake in Sunsole Renewables for INR2.7b
• • Sterlite Technologies (SOTL): Collaborate with Analog Devices to build Open Ran 5G
• • Tanla Platforms (TANLA): Partners Truecaller for Business Messaging
• • Tata Motors (TTMT): Feb. passenger vehicle sales +47% y/y to 39,981 units; Feb. commercial vehicle sales +11% y/y to 37,552 units
• • Tata Steel (TATA): To purchase 90% equity stake in Ceramat Private