Stock market news that you should not miss today 2nd fed 2021

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

  • Markets to open on a positive note; support @14,100, resistance at 14,650.
  • FIIs bought shares worth Rs1494.23cr (cash), sold Rs90.46cr in index futures.
  • US markets closed higher on Monday. Asian markets opened in the green.
  • Brent crude was 0.80% higher at $56.80 per barrel.
  • Hero MotoCorp sold 485,889 units of motorcycles and scooters in January 2021.
  • Coal India’s production stood at 60.5 Mill Te in January 2021.
  • Eicher Motors sold 68,887 units of Royal Enfield in January 2021 against 63,520 units in January 2020.
  • NMDC announced the production of 3.86 million tonnes in January 2021 against 3.31 million tonnes in January 2020, and sales at 3.74 million tonnes against 2.96 million tonnes in the same period.
  • PVR set an issue price for QIP at Rs1,440 per share and raised Rs800cr.
  • HDFC will announce its quarterly financial results today.
  • CRISIL Ratings has reaffirmed its ‘CRISIL AAA/CRISIL AA+/Stable/CRISIL A1+’ ratings on the debt instruments of Axis Bank Limited (Axis bank).
  • Coromandel International: Consolidated net profit after tax in Q3FY21 is Rs334cr in comparison to Rs265cr for the corresponding quarter last year registering a growth of 26%.
  • Zensar launches integrated Digital XDR as a Service to counter new and emerging threats.
  • Castrol India reported higher profit at Rs582.9cr in Q3FY21 against Rs187.7cr in Q3FY20; revenue increased to Rs2,997cr from Rs935.2cr yoy.
  • VST Tillers & Tractors sold 2,258 units of power tillers in January 2021 against 1,971 units in January 2020. Tractor sales increased to 647 from 516 units in the same period.