Important stock market news to watch out for today Dec 03

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

  • Markets to open on a flat note; support @12983, resistance at 13200.
  • FIIs bought shares worth Rs357.35cr (cash), sold Rs1635.97cr in index futures.
  • US markets ended mixed on Wednesday. Asian markets opened muted.
  • Brent crude was lower at $48.11 per barrel.
  • Wipro received multi-year contract from Verifone for its cloud services.
  • Nettle Infrastructure Investments, a wholly-owned subsidiary of Bharti Airtel, acquired additional equity stake of 4.94% in Bharti Infratel worth Rs2,882.32cr.
  • Tata Sons buys shares worth Rs76cr in Tata Chemicals.
  • SpiceJet intends to expand it considerably over the next two years, said Chairman and Managing Director, Ajay Singh in annual report.
  • CARE Ratings reaffirmed AAA rating on Mahindra & Mahindra’s long-term bank facilities of Rs1,402.42cr and A1+ rating short-term bank facilities of Rs38.58cr.
  • Apollo Hospital Enterprises approved raising of funds of Rs1,500cr in one or more tranches.
  • Jindal Steel & Power Promoter entity Opelina Sustainable Services Ltd released pledge on company’s 15 lakh equity shares.
  • Good Year to consider declaration of interim dividend for the Financial Year 2020-21 on December 7.
  • Raymond’s wholly-owned subsidiary Silver Spark Apparel has entered into a share transfer agreement to divest its entire stake in its own wholly-owned subsidiary Dress Master Apparel.
  • Jindal Stainless made timely repayment of interest and principal obligations on the Non-Convertible Debentures issued by the company.
  • Trident has issued Commercial Paper worth Rs50cr. The maturity date for the same has been set at February 2, 2021.
  • Dada Dhuniwale Khandwa Power Limited - a Joint Venture company of BHEL and Madhya Pradesh Power Generation Company Limited, which was under liquidation, has been dissolved.
  • ICRA reaffirmed A1+ rating on Karur Vysya Bank certificate of deposit programme.
  • CRISIL has revised (upgraded) its rating on the bank facilities of Gujarat Ambuja Exports.
  • Burger King IPO issue fully subscribed on the first day of bidding. Overall subscription stands at 3.14 times.