Stock market news that you should not miss today 14th Jan

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

  • Markets to open on a flat to negative note; support @14,435, resistance at 14,653.
  • FIIs bought shares worth Rs1879.06cr (cash), sold Rs2370.17cr in index futures.
  • US markets ended mixed. Asian markets opened in the green.
  • Brent crude was 0.25% lower at $55.92 per barrel.
  • Wipro reports a consolidated net profit of Rs2,966.70cr in Q3FY21 compared a profit of Rs2,455.80cr of Q3FY20. Wipro expects Revenue from IT Services business to be in the range of $2,102 million to $2,143 million. This translates to a sequential growth of 1.5% to 3.5%.
  • Infosys Ltd reported 12.28% growth in Dec-20 quarter top-line revenues you at Rs25,927cr. Profit after tax (PAT) for the Dec-20 quarter was up 16.77% at Rs5,215cr on the back of revenue growth and a sharp spike in OPM.
  • SAIL: Govt to offload 10% stake of the company through OFS; Sets floor price at Rs64 per share.
  • Sebi grants further extension to IndusInd Bank promoters on warrant subscription worth Rs2,021.45cr till February 18, 2021.
  • NHPC signs Definitive Agreement for the implementation of Approved Resolution Plan for takeover of 120 MW Rangit-IV HE Project of JPCL in Sikkim
  • Datamatics announced the successful implementation of its Digital Workplace Solution for UTI Mutual Fund, one of India’s biggest Mutual Fund companies.
  • Entertainment Network entered into a Brand and Content Licensing arrangement with a Dubai based radio broadcaster – Dolphin Recording Studio LLC (‘DRS’) to use the Company’s trademarks and content.
  • Karnataka Bank fixes January 29 as the record date for payment of interest on subordinated debt (Tier 2) bonds worth Rs320cr.
  • JK Tyre & Industries record sales of Rs788cr during Q3FY21; EBITDA jumps 128% to Rs157cr.
  • Power Grid signs termination agreement with Reliance Infrastructure and Parbati Koldam Transmission.
  • TCS Cloud Exponence Platform Now Available on Microsoft Azure for Greater Enterprise Agility.