Important stock market news to watch out for today Nov 26

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

  • Markets to open on a flat note; support @12750, resistance at 13145.
  • FIIs bought shares worth Rs24.2cr (cash), sold Rs1,840.33cr in index futures.
  • US markets closed mixed on Wednesday. Asian markets opened in the green.
  • Brent crude was 0.78% higher at $48.99 per barrel.
  • Lakshmi Vilas Bank will be merged with DBS Bank India with effect from November 27, and its shares will be written off and de-listed from same date. Hence, its moratorium will now be lifted on November 27 against December 16 earlier.
  • Laurus Labs to acquire 72.55% stake in a biotech company called Richcore Lifesciences for Rs246.67cr.
  • Astral Poly Technik Board approves entry into the business of manufacturing and trading of plastic water storage tanks and add new capacity with a total investment not exceeding Rs75cr. The company will also acquire assets from Shree Prabhu Petrochemicals for up to Rs51cr.
  • Siemens reported profit at Rs330.2cr in Q4FY20.
  • Fine Organic Industries new facility in Patalganga, Maharashtra has started its operations from November 25.
  • Vakrangee Board has withdrawn the scheme of amalgamating its wholly-owned arms Vakrangee Logistics and Vakrangee Finserve with the company, due to substantial changes in business environment in last few months. Scheme is presently pending with NCLT.
  • Consortium of lenders have given their in-principle approval to the resolution plan of Kesoram Industries formulated under the Reserve Bank of India’s guidelines.
  • Future Consumer’s Rajnikant Sabnavis resigned as CEO.