Important stock market news to watch out for today Dec 04

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

  • Markets to open on a flat note; support @13,107, resistance at 13,300.
  • FIIs bought shares worth Rs3637.42cr (cash), sold Rs1439.74cr in index futures.
  • US markets ended higher on Thursday. Asian markets opened mixed.
  • Brent crude was 1.58% higher at $49.48 per barrel.
  • PSU Banks in focus as Fitch affirmed Bank of Baroda, Bank of India, State Bank of India and Punjab National Bank’s IDR rating at BBB-, with Negative outlook. Fitch also affirmed IDBI Bank’s IDR rating at BB+ with Negative outlook, but upgraded viability rating to ‘ccc+’.
  • Granules India received approval from USFDA for generic of Cuprimine, Penicillamine capsules.
  • UK-based Standard Life Aberdeen reportedly has sold 1.37 per cent stake in HDFC Life Insurance Company for Rs1,703.2cr.
  • Bharti Airtel adds 3.77 million new customers in September while Reliance Jio adds 1.46 million. Vodafone Idea looses 4.65 million subscribers.
  • Moody’s has downgraded the Vedanta Resources’ Corporate Family Rating to B2 from B1.
  • SBICAP Trustee Company acquired 40 lakh shares of Adani Enterprises.
  • SBICAP Trustee Company acquired 6 lakh shares of Adani Ports And Special Economic Zone.
  • Orient Cement enters into a share purchase agreement to acquire 26% stake in AMPSolar Systems for putting up a solar power plant with a capacity of 13.5 MW, under the captive scheme.
  • Mindspace Business Parks REIT to consider fund raising up to Rs200cr via debentures on a private placement basis on December 8.
  • Fitch Ratings has affirmed Bank of India’s Long-Term Issuer Default Rating at BBB-, with a Negative Outlook.
  • India Ratings & Research has affirmed A1+ rating for issuance of GHCL’s Commercial Paper of Rs100cr.
  • Birla Corporation has approved the allotment of 1,500 secured, unlisted, redeemable, Non-Convertible Debentures of Rs10 lakh each aggregating to Rs150cr on private placement basis.
  • CRISIL assigns FAA+/stable rating for the AU Small Finance Bank’s fixed deposit program worth Rs40,000cr.
  • Fitch Ratings has affirmed Punjab National Bank’s Long-term Issuer Default Rating at BBB-, with a Negative Outlook.