Important stock market news to watch out for today Dec 02

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

  • Markets to open on a negative note; support @13000, resistance at 13200.
  • FIIs bought shares worth Rs3242cr (cash), sold Rs1043.21cr in index futures.
  • US markets ended higher on Tuesday. Asian markets opened mixed.
  • Brent crude was 0.78% lower at $47.05 per barrel.
  • Dr Reddy’s Labs and Russian Direct Investment Fund (RDIF) commenced clinical trials for Sputnik V vaccine in India.
  • Sun Pharma Advanced Research Company’s Promoter entity Raksha Sudhir Valia released 34 lakh equity shares of the company.
  • Tata Capital Financial Services Ltd sold 11.6 lakh shares or 0.64% stake in Praj Industries Ltd at an average price of Rs91.16 a share through a bulk deal.
  • ICRA assigned ‘A1+’ rating to Godrej Industries’ issue of Commercial Paper Programme of upto Rs1,500cr.
  • ICRA assigned a AA- rating to KEC International’s External Commercial Borrowing (Foreign Currency Term Loan) of $20 million.
  • SML Isuzu sold 516 vehicles in November 2020 against 521 vehicles sold in November 2019.
  • Hero MotoCorp sold 5,91,091 units of motorcycles and scooters in November 2020, against 5,16,775 units in November 2019.
  • Tata Motors sold 49,650 vehicles in November 2020 against 41,124 units in November 2020.
  • Eicher Motors sold 63,782 units of motorcycles in November 2020, against 60,411 units of motorcycles in November 2019.
  • Phoenix Mills signed a non-binding term-sheet with an affiliate of GIC to create a strategic, retail-led mixed use platform.
  • Coal India’s production in November up 3.3% year-on-year to 51.7 MT while Offtake up 8% year-on-year to 51.3 MT.
  • Kansai Nerolac’s Sri Lankan subsidiary Kansai Paints Lanka allots 4.99cr shares for an equity contribution of Rs12cr.
  • Glenmark isssued a notice of optional redemption to holders of $200 million 4.5% Senior Notes due 2021 and listed on the Singapore Exchange Securities Trading Ltd. Record date for the same has been set as December 10.
  • Sakthi Sugars default in payment of interest and repayment of principal amount continues beyond 30 days from the due date.
  • Reliance Power defaults on interest payments due on term loans from Axis Bank, Yes Bank and IDBI Bank. The company has total financial indebtedness of Rs1,360cr.