Stock Market Today: All You Need To Know Going Into Trade On March 31

U.S. futures advanced and oil prices retreated to $103/barrel after reports that the Biden administration was considering a massive release of crude from U.S. reserves to combat inflation.

Asia stocks were mixed. Japan’s equities pared losses, while Australia and South Korea gained. The S&P 500 snapped a four-day winning streak while the tech-heavy Nasdaq 100 fell after ceasefire talks between Russia and Ukraine stalled. Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell 0.13% to 17,544 points as of 6:25 am.

Russia said talks with Ukraine yielded no breakthroughs and that it was regrouping forces in a push to complete the takeover of the eastern Donbas region. Germany said Russia has backed off its demand that natural gas purchases be made in rubles, with a payment mechanism being worked out. Elsewhere, bitcoin hovered around $47,300.

• Axis Bank: The bank will acquire Citibank’s India Consumer Business from Citibank N.A. and the NBFC Consumer Business from Citicorp Finance for Rs 12,325 crore.

• ONGC: The company will exercise oversubscription option for offer for sale and sell 0.75% stake in addition to the base offer representing 0.75% equity.

• Hindustan Aeronautics: Government approves procurement of 15 Light Combat Helicopters from the company for Rs 3,887 crore along with infrastructure sanctions worth Rs 377 crore.

• IndiGo: The company’s chief commercial officer Willy Boulter to quit after July, Bloomberg reported.

• Tata Motors: India's largest automaker received the first tranche of Rs 7,500 crore investment for its new passenger electric vehicle subsidiary from TPG Rise Capital.

• Mahindra and Mahindra: The company has increased its stake in ReNew Sunlight Energy from 31.2% to 37.2%

• Nazara Technologies: The company’s Singapore arm will invest $2.5 million in Bitkraft Funds.

• Pidilite: The company received NCLT approval for amalgamation of Pidilite Adhesives into Pidilite Industries.

• Info Edge: The company’s wholly owned subsidiary Allcheckdeals India has invested Rs 137.12 crore in 4B Networks increasing its shareholding to 57.16%.

• Sundaram Fastners: The company has received approval from Ministry of Heavy Industries under PLI scheme. It will invest Rs 350 crore for making advanced automotive technology components.

• Godrej Properties: The company has acquired nine-acre land parcel in the residential micro-market of Pimpri-Chinchwad in Pune.

• Bharat Forge: The company will consider raising funds on April 2.

• Birla Corporation: The company’s wholly owned subsidiary RCCPL’s Mukutban Integrated Cement Plant has started clinker dispatch.

• Gulshan Polyols: The company has received NCLT approval for amalgamation of Gulshan Holdings and East Delhi Importers and Exporters with the company.

• Tata Steel: The company transferred its entire stake in Tata Steel SEZ to Tata Steel Utilities in exchange of 55.11 lakh equity shares of TSUISL at price of Rs 215 per equity share. The company also executed Asset Transfer Agreement with Stork Ferro and Mineral Industries for acquisition of two 16.5 MVA furnaces for Rs 155 crore. The company also invested Rs 11,700 crore by subscribing to 0.01% Non-Convertible Redeemable Preference shares.

• Cosmo Films: The company will invest Rs 134 crore in CPP line at company's existing manufacturing plant located at Aurangabad, Maharashtra with annual rated production capacity of 25,000 MT.

• Allcargo Logistics: The company has executed Business Transfer agreement with JM Baxi Heavy for sale of Project Logistics Business division on slump sale basis for a consideration of Rs 98.64 crore.

• Dishman Carbogen Amcis: The company names Pascal Villemagne as CEO.

• GMR Infrastructure: GMR Enterprises sold 18 million shares of GMR Infrastructure on March 28

• Hindustan Motors: Says in pact with Hiranandani for 50 acres of land

• Quess Corp: To transfer digital business to Unit Billion Careers

• SBI Life Insurance: CPPIB sold 5.58 million shares of SBI Life on March 29: NSE

• The Ramco Cements: Promoter Group Rajapalayam Mills created a pledge of 38.47 lakh shares on March 28.

• Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 20.9 lakh shares between March 25 and March 28.

• Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust revoked a pledge of 1.2 lakh shares on March 28.

• The Ramco Cements: Promoter Group Rajapalayam Mills sold 32,686 shares and Promoter Group Nalina Ramalakshmi sold 10,000 shares each on March 29.

• Nirlon: Promoter Group Shitaltrading & Investors sold 10,000 shares between March 28 and March 29.

• Mangalam Cement: Promoter Group Rambara Trading bought 2.21 lakh shares and Promoter Vidula Consultancy Services bought 2.26 lakh shares between March 28 and March 29.

• Sudarshan Chemical Industries: Promoter Group Mrs. Rachna Rajesh Rathi bought 9,120 shares on March 28.

• Vaibhav Global: Promoter Group Brett Enterprises bought 2,500 shares on March 29.

• Geojit Financial Services: Promoter BNP Paribas SA sold 5.15 lakh shares between March 23 and March 25.

• Ramco Industries: Promoter Group Nalina Ramalakshmi sold 50,000 shares on March 29.

• Astec Lifesciences: Promoter & Director bought 21,561 shares between March 24 and March 25.

HFCL: Infotel Telecom Infrastructure bought and Parmesh Finlease sold 18 lakh (0.13%) shares each at Rs 71.2 apiece.

• RBL Bank: Integrated Core Strategies (Asia) bought 40.36 lakh (0.67%) shares at Rs 129.37 apiece. Nippon India Mutual Fund sold 51.02 lakh (0.85%) shares at Rs 129.03 apiece.

• Future Consumer: Enam Finance sold 1.21 crore (0.6%) shares at Rs 4.6 apiece.

• Orient Green Power Company: Janati Bio Power sold 50 lakh (0.66%) shares at Rs 12.55 apiece.

• Price Band Revised From 10% To 5%: Adani Wilmar

• Price Band Revised From 20% To 10%: Adani Power

• Move Into Short-Term ASM Framework: Lemon Tree Hotels

• Move Out Of Short-Term ASM Framework: One 97 Communications

• Record Date Interim Dividend: Dhampur Sugar Mills, SBI Cards and Payment Services

• Ex-Date Interim Dividend: Gujarat Fluorochemicals

The rupee ended Rs 75.91 at against the U.S. Dollar on Tuesday as compared to Monday's closing of 75.99.

• Nifty March futures ended at 17,493.30, a discount of 4.95 points.

• Nifty March futures shed 22.75% and 36,122 shares in Open Interest.

• Nifty Bank March futures ended at 36,321.05, a discount of 13.25 points.

• Nifty Bank March futures shed 19.57% and 12,755 shares in Open Interest.

• Securities in the ban list: Idea

• Securities removed from the ban list: PVR, Sun TV.

• Tata Consumer- Strong Value Creation Potential Through Simplification Of Corporate Structure: ICICI Securities

• Hariom Pipe Industries IPO - Integrated Mild Steel Pipes Player: Reliance Securities

• NMDC - What Are The Triggers Ahead?: Dolat Capital's Analysis

• Veranda Learning Solutions IPO - Banking On Edureka’s Offerings: Reliance Securities

• Restaurant Brands Asia - Multiple Levers To Unlock Growth: Motilal Oswal