Stock market news that you should not miss today 27th Jan 2021

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

  • Markets to open on a flat note; support @14,150, resistance at 14,500.
  • FIIs sold shares worth Rs765.3cr (cash), sold Rs387.76cr in index futures.
  • US markets closed flat on Tuesday. Asian markets opened in the green.
  • Brent crude was 0.14% higher at $55.99 per barrel.
  • Bank of Baroda: The Central Bank of the UAE has imposed a financial sanction of amounting to Rs13.56cr approx. on Bank of Baroda, GCC Operations, Dubai.
  • Adani Power: 100% shares of UT have been acquired by Total Renewables SAS, France from Dome Trade and Investment Limited, Mauritius.
  • Adani Ports and Special Economic Zone Limited Commences Cash Tender Offer for Any and All of its 3.95% Senior Notes due 2022.
  • Larsen & Toubro witnessed a higher consolidated net profit of Rs2,466.7cr in Q3FY21 against Rs2,352cr in Q3FY20 while revenue fell to Rs35,596.4cr from Rs36,243cr yoy.
  • Axis Bank, Hindustan Unilever (HUL), Bank of Baroda, HG Infra etc. will announce their quarterly financial results on Wednesday.
  • HG Infra Engineering: lrcon International has cancelled the tender of Gevrapendra/Pkgl in the State of Chhattisgarh.
  • Auto stocks in focus as the Centre has approved scrappage policy, which will come into effect from April 2022.
  • Jubilant Foodworks proposed acquisition of 10.76% stake in Barbeque-Nation Hospitality Limited.
  • RPG Life Sciences posted a profit of Rs12.87c in Q3FY21 against Rs7.9cr in Q3FY20, revenue jumped to Rs107.6cr from Rs94.4cr yoy.
  • Astec LifeSciences recorded a profit of Rs7cr for Q3FY21 against Rs12.1cr reported in the corresponding quarter of the previous fiscal. Revenue declined to Rs116cr from Rs124.8cr yoy.
  • Sharda Cropchem registered an increase in its consolidated profit at Rs48.3cr in Q3FY21 against Rs5.86cr in Q3FY20; revenue rose to Rs493.8cr from Rs382.4cr yoy. The company appointed Ashok Kumar Vashisht as Chief Financial Officer.
  • Navin Fluorine International witnessed a consolidated profit of Rs58.9cr in Q3FY21 against Rs45.4cr in Q3FY20, while revenue jumped to Rs309.09cr from Rs260.5cr yoy.
  • ICICI Securities reported a profit of Rs267cr in Q3FY21 against Rs137.2cr in Q3FY20. Revenue jumped to Rs620.11cr from Rs422.24cr yoy.