Important stock market news to watch out for today Nov 17th

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

  • Markets to open on a negative note; support @12700, resistance at 12900.
  • FIIs sold shares worth Rs78.53cr (cash), sold Rs2239.43cr in index futures.
  • US markets closed higher. Asian markets opened muted.
  • WTI crude rose 0.2% to $41.4 per barrel.
  • Reliance Industries in focus as Reliance Retail Ventures acquired 96% equity shares of Urban Ladder Home Decor Solutions for Rs182.12cr.
  • Wipro announces strategic partnership with SNP SE to help customers accelerate their enterprise transformation journey.
  • PVR launched a new single screen cinema in Lucknow, and opened three new screens in Faridabad.
  • Larsen & Toubro has emerged as the lowest bidder for a Rs3,200cr project to build a road bridge over the Brahmaputra river, PTI reported quoting a NHIDCL official.
  • NBCC received total work orders worth Rs1,165.5cr in October.
  • Oil India says blowout at the company’s Baghjan well in Assam has been doused successfully.
  • HDFC AMC appointed Navneet Munot as its MD and CEO. He will succeed Milind Barve.
  • Future Consumer has defaulted on payment of interest on NCDs worth Rs13.88cr. It had sought deferment for payment of interest due on NCDs up to November 15, 2020.
  • Rajesh Exports reported consolidated profit at Rs173cr in Q2FY21.
  • Great Eastern Shipping signed a contract to buy a second-hand Capesize bulk carrier. The 2014 Philippines built vessel is expected to join the company’s fleet in H2 FY21.