Stock market news that you should not miss today Jan 20th

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

  • Markets to open on a positive note; support @14,350, resistance at 14,600.
  • FIIs bought shares worth Rs257.55cr (cash), sold Rs199.3cr in index futures.
  • US markets closed with gains on Tuesday. Asian markets opened in the red.
  • Brent crude was 0.45% higher at $56.15 per barrel.
  • Tata Communications registered a consolidated profit at Rs309.4cr in Q3FY21 against Rs384.8cr in Q2FY21, revenue fell to Rs4,222.8cr from Rs4,401.1cr QoQ.
  • Government to sell residual stake in Tata Communications this Fiscal (PTI)
  • Rakesh Jhunjhunwala reduced stake in Federal Bank to 2.4% in the December quarter from 2.71% in the September quarter. Mutual funds raised shareholding to 29.90% from 25.02%, but FPIs reduced to 21.69% from 24.64% in the same periods.
  • MFs reduced stake in Vedanta to 5.56% in December quarter from 8.64% in September quarter 2020, while FPIs also reduced shareholding to 16.06% from 17.50% in same periods but Investment Opportunities V Pte Ltd name appeared with 1.49% stake in December quarter but Societe Generale, which was having 2.33% stake in September quarter, did not appear in December quarter.
  • Bajaj Finance will announce quarterly financial results today.
  • RBI: SBI, HDFC Bank and ICICI Bank in 2020 list of ‘too-big-to-fail’ lenders.
  • Indigo Paints IPO opens today; Raises Rs348cr from 25 anchor investors.
  • ICICI Lombard General Insurance reported profit at Rs313.53cr in Q3FY21 against Rs294.11cr in Q3FY20, total income rose to Rs3,058.91cr from Rs2,798.9cr, premium income increased to Rs2,611.41cr from Rs2,456.16cr YoY.
  • Persistent Systems to consider payment of Interim Dividend for the Financial Year 2020-2021.
  • Skipper witnessed a consolidated profit at Rs11.45cr in Q3FY21 against Rs4.63cr in Q3FY20, revenue rose to Rs459.8cr from Rs299.8cr YoY.
  • HT Media reported 54.08 per cent fall in consolidated net profit at Rs9.43cr for the quarter ended December 31, 2020, on account of lower total income.