The benchmark indices settled with robust gains on Thursday, March 10, 2022, rising for the third straight session tracking positive Asian cues. The barometer index, the S&P BSE Sensex, jumped 817.06 points or 1.50% at 55,464.39. The Nifty 50 index advanced 249.55 points or 1.53% at 16,594.90. Both the indices climbed over 4.5 per cent in the three consecutive sessions. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Friday, March 11, 2022. List of such Stocks:

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BEL / Paras Defence / Zen Technologies: The ministry of civil aviation has invited applications for the production-linked incentive (PLI) scheme for drones and drone components. The deadline for submitting the online application is March 31, 2022. The Rs 120 crore PLI Scheme for drones and their components was announced in September 2021.

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Indraprastha Gas Ltd.: The company has received a letter of intent from PNGRB for grant of authorization to the Company for the development of CGD network in the Geographical Area of Banda, Chitrakoot and Mahoba in the state of UP. 

Britannia Industries Ltd: LIC bought 1.20 lakh shares (0.049% stakes) of the company on March 9, 2022.  

Shipping Corporation of India (SCI) Ltd.: LIC bought 9.35 lakh shares (2.007% stakes) of the company between March 9 and 12, 2022.  

Reliance Infrastructure: The Delhi High Court on Thursday directed Delhi Metro Rail Corporation Ltd (DMRC) to pay Rs 6,330 crore to a subsidiary of Reliance Infrastructure Ltd in line with the arbitration award passed in 2017. The court has said that the payment has to be completed by May 31, 2022. There was controversy over the airport line of Delhi Metro.

Zomato: Zomato, a food delivery platform, (reportedly) has invested an additional $10 crore in Blinkit (formerly Grofers) through convertible notes. This fresh investment is an addition to the $10 crore that Zomato invested in the company last year. 

BPCL/BEML: Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) has said that the divestment process of BPCL, BEML and Panan Hans is in advanced stages. He also added that the initial public offering (IPO) of the Life Insurance Corporation of India (LIC) as soon. LIC's Embedded Value is 15% more than the listed insurance companies. Mr Pandey has also said that the Centre has signed the share purchase agreement with buyers of NINL, Tata Steel Long Products on Thursday.

Colgate-Palmolive (India) Ltd.: FMCG firm Colgate Palmolive on Thursday appointed Prabha Narasimhan, a former Hindustan Unilever (HUL) executive, as chief executive officer (CEO) and managing director for its India unit Colgate-Palmolive (India). The current CEO and managing director of Colgate-Palmolive (India) Ram Raghavan have been promoted to president, enterprise oral care, for Colgate Palmolive Company, the parent company of Colgate-Palmolive (India) Limited and will be based out of its headquarter in New York.

Bulk Deal 

Coforge: Promoter Hulst BV sold 30 lakh equity shares in the company at an average price of Rs 4,261.15 per share and another 30 lakh shares at an average price of Rs 4,273.24 per share. Nomura India Investment Fund Mother Fund bought 4,67,500 shares at an average price of Rs 4,260.04 per share. Societe Generale acquired 4.86 lakh shares at an average price of Rs 4,260 per share. These shares were sold via open market transactions. 

Nureca: Nexpact sold 54,914 shares in the company via open market transactions at an average price of Rs 1,503.56 per share.