Stock market news that you should not miss today Nov 23

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

  • Markets to open on a positive note; support @12750, resistance at 13000.
  • FIIs bought shares worth Rs3,860.78cr (cash).
  • US markets closed lower. Asian markets opened in the green.
  • West Texas Intermediate crude was little changed at $42.44 per barrel.
  • Banking Stocks in focus as RBI’s internal working group has recommended significant changes across the banking sector.
  • Reliance Industries in focus as Competition Commission of India approved Future Retail & Reliance Retail deal.
  • Motherson Sumi guides for $36 billion in consolidated revenue and 40% RoCE by 2024-25 under its ‘Vision 2025’ program.
  • BEML wins orders worth Rs501cr from the DMRC for additional 12 trainsets of six cars each to operate on line 2B and 7 of the Mumbai Metro project.
  • Bharti Airtel enters into an agreement to acquire stake in Avaada MHBuldhana Pvt. Ltd. - a Special Purpose Vehicle formed for the purpose of owning and operating the Captive Power Plants.
  • JSPL’s standalone sales up 10% year-on-year in October to 6 lakh MT. Exports contributed 28% of the overall sales volume in October.
  • Petronet LNG signs on-binding MoU with the Ministry of Petroleum & Natural Gas with an objective to foray into ‘Green Energy and Bio Fuels’ and for setting up of compressed Bio Gas plants under Sustainable Alternative Towards Affordable Transportation (SATAT) initiative of the Government of India.
  • The Industries and Commerce ministry of the Government of Telangana has agreed to provide various subsidies for an amount not exceeding Rs25cr to Hatsun Agro for setting up an Ice Cream plant in Govindapur.
  • Lemon Tree Hotels opens 61-room hotel in Jhansi.
  • Bharat Dynamics’ first heavy weight Torpedo - Varunastra was delivered to the Indian Navy.
  • Zee Media Promoter ARM Infra & Utilities reduced stake to 9.06% from 11.71% on November 18.
  • The Reserve Bank of India has imposed a penalty of Rs1cr on Punjab National Bank as an ATM network operator for non-compliance with payments and settlement norms.
  • RBI has appointed auditor to conduct special audit into the books of SREI Infra Finance and it’s arm SREI Equipment Finance.
  • Future Consumer: Board allotted 4.95 crore shares to International Finance Corporation and 1.64 crore shares to Verlinvest SA, consequent to conversion of Compulsorily Convertible Debentures and outstanding coupons thereon.
  • CG Power, Tube Investments and lenders of CG Power have executed the requisite binding agreements for one-time settlement and restructuring of funded facilities and guaranteed debt of CG Power.
  • Punjab & Sind Bank Board approves offering, issuing, creating and allotting equity shares of up to Rs5,500cr to the Government of India on a preferential basis.
  • SEBI issues showcause notice to Fortis Healthcare with respect to the matter relating to alleged diversion of funds from the company by its erstwhile promoters.
  • Canara Bank’s Basel-III, tier-II bonds worth Rs7,900cr rating has been reaffirmed as ICRA AA+.
  • HFCL Promoter entity MN Ventures acquired additional 5 lakh equity shares in company via open market transaction.
  • IIFL Securities Board approved buy-back of equity shares of the company; selling / disposing / leasing of asset(s) of the material subsidiary (ies); and resignation of Mohan Radhakrishnan as Executive Director & Chief Compliance Officer.
  • Sun Pharma Promoter entity Shanghvi Finance Pvt Ltd pledged 41 lakh equity shares of the company.
  • Jump Networks reported profit at Rs6.1cr in Q2FY21.
  • Nouvelle Securities increased stake in Filatex India to 5.17% from 4.97% earlier.
  • Government appointed Crawford Bayley & Co., as Legal Advisor for disinvestment of paid up equity capital of IRCTC through offer for sale.