Stock market news that you should not miss today 19th Jan 2021

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

  • Markets to open on a positive note; support @14,200, resistance at 14,550.
  • FIIs bought shares worth Rs650.6cr (cash), sold Rs42.51cr in index futures.
  • US markets closed for holiday on Monday. Asian markets opened with gains.
  • Brent crude was 0.44% higher at $54.99 per barrel.
  • Maruti Suzuki increases the price for select models owing to increase in various input costs. The price change varies across models and ranges up to Rs34,000 (Ex-Showroom - Delhi).
  • L&T Finance Holding announces Rs3,000cr Rights Issue at a price of Rs65 per equity share.
  • L&T Infotech and Tata Steel will announce its quarterly results on Tuesday.
  • Mindtree reported a sharply higher profit at Rs326.5cr in Q3FY21 against Rs253.7cr crore, while revenue rose to Rs2,023.7cr from Rs1,926cr QoQ.
  • Trident unveiled its ‘VISION 2025’ under which 3 BHAG [BIG, HAIRY, AUDACIOUS, GOALS, pronounced as Bee-Hag] have been formulated aimed towards unlocking long-term sustainable value for the shareholders.
  • Trident Ltd witnessed 200% rise in consolidated net profit at Rs112cr for the quarter ending December 31, 2020.
  • Emami Limited sets February 05, 2021 as Record date for the purpose of payment of 2nd Interim Dividend for the FY 2020-21.
  • Jindal Stainless Steelway Limited, a subsidiary of Jindal Stainless (Hisar) Limited has acquired 1,56,61,128 equity shares of Rs.10/-, constituting ~67% of paid up capital of its associate company namely J.S.S. Steelitalia Limited.
  • TVS Motor: Record date for the purpose of interim Dividend, if declared will be 05-Feb-2021.
  • RBL Bank reappoints Vishwavir Ahuja as the Managing Director & Chief Executive Officer of the Bank for a period of three years, with effect from June 30, 2021.
  • Cholamandalam Investment’s MD and Director Arun Alagappan has tendered his resignation from his position at the company.
  • Yes Bank will consider a proposal to raise funds at its board meeting scheduled later this week.
  • Indiamart Intermesh registers a 29% rise in its consolidated net profit to Rs80cr for the third quarter ended December 31, 2020.