Important stock market news to watch out for today

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

  • Markets to open on a flat to positive note; support @11,822, resistance at 12,050.
  • FIIs shares bought worth Rs821.86 (cash), sold Rs1276.14cr in index futures.
  • US markets closed lower on Wednesday; Asian markets opened in the red.
  • Oil trades marginally lower at 43.39 USD/bbl.
  • Infosys registered a consolidated net profit of Rs4,845cr for the quarter ending September 2020, as compared to a profit of Rs4,019cr in September 2019, recording a 20.55% rise.
  • Sudha Murty’s term as Chairperson of Infosys Foundation extended till Dec.31, 2021. Salary hikes and promotions to be given out from January next year.
  • MindTree will be reporting its Q2 earnings today.
  • IndiGo, Spicejet stock in focus today. Domestic air traffic jumped the most since the lockdown, with month-on-month growth of 39% in September.
  • CRISIL has downgraded its ratings on the long term bank facilities of Thomas Cook to CRISIL A+ from CRISIL AA- with outlook remaining negative.
  • Likhitha Infrastructure to list shares on bourses on October 15.
  • FPIs raised stake in Jubilant Foodworks to 37.86% in September quarter, from 36.19% in June quarter.
  • India Ratings and Research has upgraded Punjab National Bank’s long-term issuer rating to ‘IND AAA’ from ‘IND AA+’ while resolving the rating watch evolving. The outlook is stable.
  • Andhra Pradesh Industrial Development Corporation has withdrawn its nominee director Dr. Rajat Bhargava from the board of Avanti Feeds.
  • United Spirits has entered into a definitive agreement to sell its entire shareholding in its non-operative arm Tern Distilleries for Rs30cr.
  • Indiabulls Housing Finance stock in focus as National Housing Bank has levied a penalty of Rs3.5 lakh on non-disclosure of related party transaction.