Stock market news that you should not miss today 29th Jan 2021

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

  • Markets to open on a negative note; support @13,715, resistance at 14,250.
  • FIIs sold shares worth Rs3712.51cr (cash), bought Rs1736.92cr in index futures.
  • US markets closed higher on Thursday. Asian markets opened in the green.
  • Brent crude was 0.38% lower at $55.74 per barrel.
  • Adani Ports & SEZ priced a $500 million 10-years bullet senior unsecured dollar note issuance at a fixed coupon of 3.1% on January 26, 2021.
  • Grasim Board considered and approved issue of Non-Convertible Debentures worth Rs500cr in one or more tranches on a private placement basis.
  • Tata Motors and Tech Mahindra will announce their quarterly results on Friday.
  • Pharma stocks will in focus today as heavyweights Sun Pharma, Cipla and Dr Reddys announce their quarterly results.
  • V-Mart Retail launches QIP issue on Thursday in order to raise funds.
  • Olectra Greentech: EVEY Trans has received Letter of Award for 350 Electric Buses from one of the State Government Undertakings.
  • Sundaram Asset Management Company, a 100% subsidiary of Sundaram Finance, has announced the purchase of the asset management businesses of Principal Asset Management.
  • Bank of India has issued and allotted 7,500 Basel-III compliant Additional Tier-I Bonds in the nature of debentures of face value Rs10 lakhs each amounting to Rs750cr.
  • Motilal Oswal Financial Services has declared an Interim Dividend of Rs5 per equity share on the face value of Re 1 each for the Financial Year 2020-21.
  • Kalpataru Power Transmission has incorporated a wholly-owned subsidiary namely Kalpataru Power DO Brasil Participacoes in Federative Republic of Brazil.
  • Indus Towers has declared 2nd Interim Dividend of Rs 17.82 per equity share of Rs10 each for the financial year 2020-2021.
  • Apollo Hospitals Board approves revised scheme of amalgamation of Apollo Home Healthcare (India) and Western Hospitals Corporation, two wholly-owned subsidiaries into itself.
  • RBI approves appointment of JK Shivan as MD & CEO of Dhanlaxmi Bank for a period of three years.
  • Butterfly Gandhimathi Appliances prepaid a term loan of Rs20cr from Aditya Birla Finance from internal accruals.