Nifty View;
SGX Nifty indicates a Gap-Up opening for Nifty.
US stocks ended sharply higher on Thursday, led by a 3 percent gain in the Nasdaq, in a dramatic market reversal as US President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine. The S&P 500 rose more than 1 percent, ending a four-day slide amid worries over the escalating crisis. The Dow also ended in positive territory.
Following the Wall Street, Japan's Nikkei 225 was up 1.05 percent, while the Topix gained 0.33 percent. The S&P/ASX 200 in Australia advanced 0.4 percent.
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Stocks in News;
Apollo Hospitals will replace Indian Oil in the benchmark Nifty 50 from March 31, 2022, as part of the semi-annual index review. The changes will also be applicable to Nifty 50 Equal Weight Index. The Nifty 50 is reconstituted twice every year in March and September.
Bharat Electronics: The Ministry of Defence has signed a contract worth Rs 1,075 crore with the company for the retro-modification of commander sight of battle tanks-T-90. The company will supply 957 commander thermal imager cum day sights for T-90 tanks of the Indian Army. Infosys: The company launched Infosys metaverse foundry to ease and fast track enterprises’ exploration of the metaverse, including virtual and augmented environments, for its customers, workplace, products and operations.
Panacea Biotec : The Coalition for Epidemic Preparedness Innovations will partner with a consortium comprised of the Translational Health Science and Technology Institute and the company to develop vaccine candidates that could provide broad protection against SARS-COV-2 variants and other Betacoronaviruses. CEPI will provide funding of up to $12 million to support the development of multi-epitope, nano particle-b
particle-based vaccine candidates and advance the manufacturing process.
Hinduja Global: The company bagged a contract worth Rs 2,100 crore (£211 million) by the UK Health Security Agency to provide critical customer support to UK citizens for an initial period of two years, with an option to extend further.
JSW Ispat: The company has completed acquisition of 100% equity share capital of Mivaan St
Ltd.Minda: The company has acquired stakes in four partnership firms including YA Auto Industries (87.5%), Auto Components (95%), Samaira Engineering (87.5%) and S.M. Auto Industries (87.5%).
Wipro: To hire more than 500 employees in Brazil over next fiscal year.
Arihant Capital: To consider splitting each share into 5 on March 3.
