Stock market news that you should not miss today - February 17, 2021

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

  • Markets to open on a flat to negative note; support @15,200, resistance at 15,431.
  • FIIs bought shares worth Rs1144.09cr (cash), sold Rs1559.53cr in index futures.
  • US markets close with gains on Tuesday. Asian markets opened lower on Wednesday.
  • Brent crude was 0.54% lower at $63.01 per barrel.
  • Promoter IIHL’s Rights Issue oversubscribed for the redemption of balance 75% warrants of lnduslnd Bank.
  • ICICI Bank Limited has entered into an agreement in relation to an Investment in the equity shares and compulsorily convertible preference shares (CCPS) of Thillais Analytical Solutions Private Limited.
  • L&T Finance Holdings closed a rights issue of Rs2,998.61cr, which was oversubscribed by 15%.
  • Nestle India reported higher profit at Rs483.3cr in Q4CY20 against Rs472.6cr in Q4CY19; revenue rose to Rs3,432.6cr from Rs3,149.3cr yoy.
  • Infosys: The US subsidiary completed the acquisition of automated new business and underwriting platform from STEP Solutions.
  • Adani Ports will be investing Rs10,000cr to develop Dighi Port Limited (DPL) into an alternate gateway to JNPT.
  • Vedanta stock in focus as Cairn Energy files case in US to push India to pay $1.2 billion award.
  • KEC International has secured new orders of Rs1,681cr across its various businesses.
  • Prestige Estates has acquired 99% stake in Ace Realty Ventures.
  • Mahindra Lifespace Developers Limited (MLDL) announced the inauguration of the Yanmar Group facility at ORIGINS, Chennai.
  • Ashok Leyland had invested a total amount of Rs18.66cr constituting 26% in the paid-up share capital of Prathama Solarconnect Energy Private Limited.
  • Heritage Novandie Foods Private Limited launches French Yoghurt brand Mamie Yova in India.
  • TVS Srichakra signed a Memorandum of Understanding with the Tamil Nadu government to facilitate the investment programme of Rs1,000cr.