Stock market news that you should not miss today - Jan 12th

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

  • Markets to open on a flat note; support @14,300, resistance at 14,550.
  • FIIs bought shares worth Rs3138.9cr (cash), sold Rs2610.13cr in index futures.
  • US markets ended lower. Asian markets opened muted.
  • Brent crude was 0.05% lower at $55.63 per barrel.
  • Dr Reddy’s: Sputnik V meets the primary endpoint of safety in the Phase 2 Clinical Trial in India
  • Tata Motors: JLR’s Retail sales for the quarter ending 31 December 2020 were 128,469 vehicles, 13.1% higher than the 113,569 vehicles sold in the preceding quarter, but down 9.0% on the same period last year.
  • Gail India to consider buyback program and interim dividend in a board meeting scheduled on January 15, 2021.
  • MFs reduced stake in Emami to 20.41% in December quarter, from 22.14% in the September quarter, while FIIs increased shareholding to 9.62% from 8.95% in same periods.
  • MFs reduced stake in Cummins India to 17.12% in December 2020 quarter, from 18.63% in September quarter. Aditya Birla Sun Life Trustee and L&T Mutual Fund Trustee names did not appear in shareholding pattern for the latest quarter. LIC reduced its stake in the company to 6.12% from 6.74% in December quarter.
  • Dishman Carbogen: Promoter Adimans Technologies LLP proposes to sell up to 60,71,429 Equity Shares of the Company via offer for sale (OFS) on January 12-13, with an option to additionally sell up to 2.05% shares.
  • TCS Named a Leader in the IDC MarketScape for Worldwide Manufacturing Intelligence Transformation – Overall and Strategic Consulting
  • Force Motors’ board of directors approves raising up to Rs500cr via NCDs.