Stock market news that you should not miss today - February 19, 2021

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

  • Markets to open on a flat to negative note; support @15,000, resistance at 15,250.
  • FIIs bought shares worth Rs903.7cr (cash), sold Rs1217.34cr in index futures.
  • US markets closed with losses on Thursday. Asian markets opened in the red on Friday.
  • Brent crude was 1.77% higher at $62.80 per barrel.
  • Oil India Limited (OIL) led consortium to bid for acquiring a stake of BPCL in Numaligarb Refinery Limited.
  • DLF’s subsidiary completed the acquisition of this 51.8% stake at a consideration of Rs779.40cr and consequently, Fairleaf has become a wholly-owned subsidiary of DCCDL.
  • NMDC 's Donimalai Iron Ore mine operations have restarted.
  • Ambuja Cements reported higher profit at Rs497.1cr for Q4CY20 against Rs454.9cr in Q4CY19, while revenue increased to Rs3,515.1cr from Rs3,135.9cr yoy.
  • ACC board has approved the renewal of the existing Master Supply Agreement (‘MSA’) with Ambuja Cements Limited (‘ACL’) for a period of 3 years.
  • ICRA assigned Credit Rating for Rs4,300cr borrowing programme of Bharat Electronics.
  • Shilpa Medicare has received an Import Alert 66-40, pursuant to the USFDA inspection of the Unit IV, Jadcherla, Telangana facility from February 13-20 and February 24-25, 2020.