Stock market news that you should not miss today 8th feb 2021

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

  • Markets to open on a muted note; support @14,750, resistance at 15,100.
  • FIIs bought shares worth Rs1461.71cr (cash), sold Rs1418.65cr in index futures.
  • US markets closed higher on Thursday. Asian markets opened mixed.
  • Brent crude was 0.81% higher at $59.82 per barrel.
  • Maruti Suzuki’s production in January 2021 dropped to 1.60 lakh units from 1.79 lakh units in January 2020.
  • Britannia reported a profit of Rs452.6cr in Q3FY21 against Rs368.9cr in Q3FY20. Revenue rose to Rs3,165.6cr from Rs2,982.7cr yoy.
  • Punjab National Bank reported a profit of Rs506cr in Q3FY21 against Rs621cr in Q2FY21. Revenue fell to Rs8,313cr from Rs8,444.9cr qoq.
  • Ashoka Buildcon reported a consolidated profit of Rs88.4cr in Q3FY21 against Rs32.4cr in Q3FY20, while revenue increased to Rs1,305.5cr from Rs1,280.4cr yoy.
  • AstraZeneca Pharma India Limited has received Import and Market Permission in Form CT-20 from the Drugs Controller General of India for Dapagliflozin Tablets 10mg. The company will announce quarterly earnings today.
  • BPCL will announce financial results for the third quarter on Monday.
  • Bharat Dynamics launches new products, signs MoUs at Aero India 2021.
  • BSE and NSE give “No adverse observation” letter for scheme of arrangement between Grasim Industries Limited and Indorama India Private Limited and their respective Shareholders and Creditors.
  • Care Ratings Q3FY21: For the quarter consolidated total income was Rs63.72cr as against Rs63.25cr in corresponding quarter of FY20. Profit after tax (PAT) increased from Rs17.58cr in Q3FY20 to Rs18.94cr in Q3FY21.
  • MCA approved the Scheme of Amalgamation of REC Transmission Projects with REC Power Distribution, wholly owned subsidiaries of REC.
  • Adani Enterprises: Adani Airports acquires 23.5% of Mumbai Airport.
  • Affle reported strong performance for Q3FY21 with a consolidated revenue from operations of Rs150.5cr, an increase in revenue of 59.3% yoy from Rs94.5cr in Q3 last year.
  • FDC Q3FY21: Q3FY21 revenue at Rs249.85cr, up by 2.75% yoy.
  • Gulf Oil Lubricants board approved acquisition of minority stake in Indra Renewable Technologies Limited (Indra) (incorporated under the laws of England and Wales) from Gulf Oil International Limited a Cayman Island company.
  • DCB Bank announces revised Marginal Cost of Funds based Lending Rate (MCLR).
  • Fortis Healthcare posted a consolidated profit of Rs53.88cr in Q3FY21 against a loss of Rs69.3cr in Q3FY20. Revenue rose to Rs1,177cr from Rs1,169cr yoy.
  • Jindal Saw witnessed a consolidated profit of Rs88.09cr in Q3FY21 against Rs65.49cr in Q3FY20, while revenue fell to Rs2,864.7cr from Rs2,988cr yoy.
  • Mrs Bectors Food Specialities reported a profit of Rs20.67cr in Q3FY21 against Rs11.14cr in Q3FY20. Revenue rose to Rs225.75cr from Rs203.8cr yoy.