Check Out the Stocks Today [07-10-2020]

Check out the stocks today

Here is the important stock market news to watch out for today.

  • Markets to open on a flat to positive note; support @11,500, resistance at 11,750.
  • FIIs bought shares worth Rs1101.76 (cash), sold Rs934.84cr in index futures.
  • US markets closed lower on Tuesday; Asian markets opened flat.
  • Oil trades lower at 42.01 USD/bbl.
  • Reliance Industries in focus as Abu Dhabi Investment Authority will invest Rs5,512.50cr into Reliance Retail Ventures.
  • Dinesh Khara appointed as SBI Chairman for 3 years.
  • Dixon Tech’s arm Padget Electronics has been chosen as domestic mobile phone manufacturing partner in the production linked scheme.
  • TCS will announce quarterly financial results today.
  • Tata Motors Jaguar Land Rover Automotive Plc is planning to sell U.S. dollar-denominated bonds more than seven months after its first attempt stalled due to concerns about the impact of the coronavirus on its business in China.
  • Bajaj Finance Sept. Quarter Update (YoY) is New loans booked at 3.6 MM vs. 6.5 MM. Capital adequacy ratio at 26.5% and liquidity surplus at Rs22,300cr on Sept.30.
  • Tender for EPC design and build construction of proposed GIDC Tech-Hub at GIFT City, Gujarat in which PSP Projects emerged as L-1 Bidder has been cancelled by authority.
  • Care Ratings revised ratings on Raymond for long term bank facilities from CARE AA- to CAE AA, with outlook remaining at credit watch with developing implications.
  • GMR Infrastructure Promoter GMR Enterprises released pledge on over 15 crore equity shares.
  • ICRA revised the short term rating for Rs65cr line of credit of Zodiac Clothing to A3+ from A2.
  • Linde India’s Subhabrata Ghosh resigned as Chief Financial Officer of the company.
  • Indian Energy Exchange approved the further investment of Rs6.25cr in subsidiary Indian Gas Exchange, by way of subscription to equity shares through rights issue.
  • DHFL’s Administrator has filed third application on past frauds.
  • Cox & Kings in focus as Enforcement Directorate has arrested Group CFO Anil Khandewal and company’s internal auditors in a money laundering case.
  • Management clarified that that in its conference call that it is expecting double digit growth in billing (sales) in its matchmaking business and not in revenue.
  • Indo Rama Synthetics OFS for non-retail gets 112% on day 1.
  • Indiabulls Ventures’ name to be changed to Dhani Services with effect from Oct.6.
  • VA Tech Wabag has dissolved its Brazilian arm.