Stock market news that you should not miss today 28th Jan 2021

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

  • Markets to open on a negative note; support @13,750, resistance at 14,350.
  • FIIs sold shares worth Rs1688.22cr (cash), sold Rs3.38cr in index futures.
  • US markets closed lower on Wednesday. Asian markets opened in the red.
  • Brent crude was 0.29% lower at $55.65 per barrel.
  • Infosys expands relationship with Snowflake to become Elite Service Partner
  • Maruti Suzuki India, Lupin and TVS Motor Company will announce their quarterly results on Thursday.
  • Axis Bank reported a sharply lower profit at Rs1,116.6cr for Q3FY21 against Rs1,757cr logged in the corresponding quarter of the previous fiscal, while net interest income (NII) rose to Rs7,372.7cr from Rs6,453cr yoy.
  • Hindustan Unilever registered a profit of Rs1,921cr for December quarter (Q3FY21) against Rs1,616cr in Q3FY20. Revenue of the company jumped to Rs11,862cr from Rs9,808cr in the year-ago period.
  • Quess Corp: Revenue and EBITDA grew 7% and 8% respectively qoq. PBT steady versus a year ago, conversion up at 53% vs 45% a year ago
  • Datamatics simplifies document processing with a new AI-enabled TruCap+ IDP solution
  • Aditya Birla Fashion and Retail board approves to acquire 51% in Sabyasachi Couture
  • GMR Infra: Offering of US$ 300 Million 4.75°/o Senior Secured Notes of 5 year tenure by GMR Hyderabad International Airport
  • Affle announces the global launch of Appnext OOBE platform powered by the acquisition of DiscoverTech
  • NTPC’s 140 MW solar photovoltaic project in Uttar Pradesh started commercial operations.
  • State Bank of Indian appoints Swaminathan Janakiraman & Aswini Kumar Tewari as Managing Directors of the bank for three years.
  • Tata Coffee posted a higher consolidated profit of Rs31.5cr in Q3FY21 against Rs24.9cr in Q3FY20; revenue increased to Rs532.7cr from Rs501.4cr in Q3FY20.
  • JK Paper reported a consolidated profit of Rs65.9cr in Q3FY21 against Rs131.9cr in Q3FY20, while revenue declined to Rs744.9cr from Rs820.6cr yoy.