Important stock market news to watch out for today Dec 11

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

  • Markets to open on a positive note; support @13,399, resistance at 13,548.
  • FIIs bought shares worth Rs2259.98cr (cash), sold Rs2275.22cr in index futures.
  • US markets ended mixed on Thursday. Asian markets opened mixed.
  • Brent crude was 0.24% higher at $50.37 per barrel.
  • The RBI restricts Kotak Mahindra Bank from paying out dividends on PNCPS as well.
  • Ircon International awarded work of Rs900cr by NHAI.
  • Mahindra & Mahindra in focus as ICRA reaffirmed rating of Non-convertible Debenture Programme of Rs1,500cr to AAA/Stable and assigned a AAA/Stable rating to long-term loans worth Rs1,800cr.
  • TCS expands its presence in Texas with a new facility in Austin.
  • JSW Energy’s Carbon Disclosure Project Rating has been upgraded to B in 2020 from C 2019.
  • IRCTC Non-retail OFS gets demand for 198% of the shares on offer. OFS for retail investors to open today.
  • Gayatri Projects has received three Letter of Award for Pipe Drinking Water Schemes from Namami Gange and Rural Water Supply Department of Uttar Pradesh, in joint venture where the Company’s share is 97.5%, for a total value of Rs1,332cr.
  • RBI has imposed a fine of Rs10 lakh on HDFC Bank for bouncing of SGL which lead to shortage of balance in certain securities in the bank’s CSGL account on November 19, 2020.
  • Dalmia Bharat in focus CCI has initiated investigation against cement companies, including Dalmia Cement (Bharat) Limited regarding anti-competitive behaviour.
  • PNC Infratech received Letter of Acceptance for Rural Water Supply Project in 952 villages in Devipatan Division of Uttar Pradesh from the State Water Supply & Sanitation Mission, Namami Gange & Rural Water Supply Department. The approximate value of the project is Rs952cr.
  • Indian Bank appropriated losses worth Rs18,975.3cr from the bank’s share premium account. The move has approval from the RBI.
  • Canara Bank approves closure of the QIP issue. Issue price is at Rs103.5 per share, which was also the floor price.
  • Kalpataru Power has decided to keep the proposal of construction of a corporate office in abeyance.
  • Federal Mogul Goetze Non-retail OFS gets demand for 17,681 shares out of the total 1.04 crore shares on offer.
  • Bank of Baroda has revised the Marginal Cost of Funds Based Lending Rate (MCLR) w.e. f. December 12, 2020.
  • United Spirits has announced Hina Nagarajan as CEO - Designate from April 1, 2021.
  • Jash Engineering receives orders worth Rs20.65cr in November 2020.