Important stock market news to watch out Dec 09

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

  • Markets to open on a positive note; support @13,275, resistance at 13,425.
  • FIIs bought shares worth Rs2909.06cr (cash), sold Rs2640.93cr in index futures.
  • US markets ended higher on Tuesday. Asian markets opened in the green.
  • Brent crude was 0.33% lower at $48.68 per barrel.
  • ICICI Bank has approved selling another 2.2% stake in ICICI Securities through an Offer for sale, at a floor price of Rs440 per share which is a 4.5% discount from Tuesday’s closing price.
  • JSW Steel’s crude steel production rises 3% to 13.32 lakh tonnes in November 2020. The company’s average capacity utilisation was 89% in the latest month.
  • Dr Reddy’s: US-based Exelixis, Inc and wholly-owned subsidiary Aurigene announced that Exelixis has exercised its exclusive option for Aurigene’s novel CDK7 inhibitor under the companies’ July 2019 agreement. Also, files investigational new drug application for phase-1 clinical trial in advanced solid tumors.
  • TCS launches new transformative Digital Bank Guarantee platform, powered by the Quartz Blockchain solution, as part of the Banking Service Bureau (BSB), operated by TCS for the digital banking industry in Israel.
  • S&P affirms Tata Steel’s ating as B+, however, revises outlook to stable from negative on the company and subsidiary.
  • Brickwork Ratings upgraded Yes Bank rating on the lender’s Tier-I Subordinated Perpetual Bonds (Basel II) to BB+/Stable from D.
  • Indian Bank raises Rs1,048cr worth tier-1 capital fund through private placement of Basel-III compliant AT-1 perpetual bonds.
  • Acuite Ratings & Research has assigned AA-/Stable rating on IRB Infrastructure’s total bank facilities worth Rs 2,600 crore.
  • Gujarat Industries Power receives approval from the District Collector, Kutch, Gujarat for allotment of land admeasuring 4750 HA for development of 2375 MW Renewable EnergyPark.
  • International Finance Corporation has acquired 8.88 lakh shares in Polycab India.
  • SMS Pharma’s promoter Potluri Infra Projects LLP pledges 8 lakh equity shares in favor Vistra ITCL India Limited.
  • ICRA Ltd and CARE Ratings have both reaffirmed A1+ on the proposed Commercial paper issue of Rs2500cr by Hindustan Aeronautics Limited.