Market update 23rd March

Indian market opened positive as Overseas Asian stocks were trading higher as investors were on edge ahead of a vote on US health care later today, 23 March 2017 that could be a barometer for future Trump administration policies. Now going forward, the zone of 8980-9000 is a crucial support level for the Nifty. On the upside, the zone of 9080-9100 is likely to act as a stiff resistance zone. 

15 new stocks added to (F&O) segment:

The National Stock Exchange (NSE) on Wednesday said 15 new stocks would be added to the futures and options (F&O) segment from March 31.

Of these, six are from the financial space — Capital First, Muthoot Finance, Equitas Holdings, Ujjivan Financial Services, Max Financial Services and Indian Bank. Currently, 174 NSE stocks have been allowed to trade in the F&O segment.

Other stocks which will be included in the F&O segment include names like Shree Cements, InterGlobe Aviation, Piramal Enterprises, Dalmia Bharat, Suzlon Energy, Infibeam Incorporation, and PVR.

Stocks in news today:

Hindustan Zinc: Hindustan Zinc Ltd., has declared special interim dividend of Rs 27.50 per share of Rs 2, for FY17.

Divi’s Laboratories: Receives import alert from U.S. FDA for its Visakhapatnam unit under clause 66-40 and 99-32 of the FDA regulations.

Delta Corp: The Company plans to raise upto Rs 750 crore through issue of equity shares or other securities via qualified institutional placement (QIP).

Axis Bank:Axis Bank announced that its board passed a resolution approving the allotment of 1 year senior fixed rate notes aggregating to $16.2 million under the MTN Programme through its Dubai International Financial Centre (DIFC) branch.

IndusInd Bank :IndusInd Bank announced that the finance committee of the board yesterday, 22 March 2017, allotted debentures for cash aggregating to Rs 1000 crore on Private Placement basis towards non-equity regulatory Additional Tier 1 Capital (AT1 Bonds).

SBI:State Bank of India (SBI) announced that it has made payment of Rs 219.93 crore (principal amount plus interest) on 22 March 2017, to the eligible bondholders of under Upper Tier-II subordinated bonds issued on 22 March 2007, by the erstwhile State Bank of Indore since merged with SBI.