Stock market news that you should not miss today - February 26, 2021

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

  • Markets to open on a negative note; support @14,700, resistance at 15,200.
  • FIIs bought shares worth Rs188.1708cr (cash), sold Rs746.57cr in index futures.
  • US markets closed lower on Thursday. Asian Markets opened deep in the red on Friday.
  • Brent crude was 0.03% higher at $66.90 per barrel.
  • Infosys Expands Pennsylvania-based Retirement Services Center of Excellence; Commits to Adding 300 New Jobs.
  • Kotak Mahindra Bank has agreed to subscribe to 4,995 Equity Shares in Ferbine Private Limited.
  • HCL Tech board approves HCL America’s proposal for issuance of USD denominated fixed-rate, senior unsecured notes aggregating to an amount not exceeding USD 500 million (“Notes”).
  • Bank of Baroda: The Board of Directors has approved raising of funds not exceeding Rs4,500cr through an issue of equity shares through qualified institutional placement subject to the approval of the regulatory and statutory authorities.
  • Vishwavir Ahuja, Managing Director and CEO of RBL Bank sold 14,40,000 shares of the Bank between 19th-25th February, 2021 for approx. Rs35.07cr.
  • Mahindra Lifespaces adds a new residential project in Bengaluru.
  • Sunteck Realty rating affirmed ‘AA-’ with the outlook upgraded to ‘Positive’: Ind-Ra.
  • Aptech decides to re-organise business, to focus on retail segment.
  • RailTel Corporation of India to list its equity shares on February 26. The issue price has been fixed at Rs94 per share.
  • KSB reported profit at Rs32cr in Q4CY20 against Rs32.6cr in Q4CY19, revenue rose to Rs369.9cr from Rs337cr yoy The company recommended Rs8.5 per share of Rs10 each as dividend for the year ended December 2020.
  • Hatsun Agro Product commenced commercial production at Solapur facility, Maharashtra.
  • Elecon Engineering’s Promoter entity Prayas Engineering released pledge on 5.56% equity.
  • Vesuvius India posted lower profit at Rs16.24cr in Q4CY20 against Rs22.70cr in Q4CY19. Revenue rose to Rs234.46cr from Rs228.09cr yoy.
  • Rain Industries reported higher consolidated profit at Rs321.98cr in Q4CY20 against Rs121.6cr in Q4CY19, while revenue fell to Rs2,640.2cr from Rs2,830.38cr in the corresponding period of the previous fiscal.