Stock market news that you should not miss today Oct 30

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

  • Markets to open on a negative note; support @11,600, resistance at 11,820.
  • FIIs shares worth sold Rs420.95 (cash), sold Rs253.41cr in index futures.
  • US markets closed higher on Thursday; Asian markets opened weak.
  • Oil trades higher at 38.07 USD/bbl.
  • Reliance Industries, IndusInd Bank, Indian Oil Corporation, UPL etc. stocks in focus. These companies are set to announce quarterly financial results on Friday.
  • IndusInd Bank has gone live as a ‘Financial Information Provider’ (FIP) under the new ‘Account Aggregator Framework’ of the Reserve Bank of India (RBI), making it the first bank in the country to do so.
  • CRISIL downgrades Vedanta’s long-term facilities to CRISIL AA- from CRISIL AA.
  • Tata Group stocks in focus as the Mistry-family owned SP Group has proposed a plan of separation from Tata Sons.
  • InterGlobe Aviation to defer decision on Qualified Institutional Placement to December.
  • ICICI Prudential Life Insurance Board approved raising Rs1,200cr via NCDs.
  • Aviation stocks in focus as Hardeep Singh Puri, Minister of Civil Aviation stated that there will be an extension of the fare-cap on airlines by another three months.
  • Indian Energy Exchange signs agreement with MCX which will enable the latter to use IEX’s electricity clearing prices for settlement of its electricity derivative contracts.
  • MRPL Board approved raising up to Rs5,000cr via NCDs.
  • Zensar Tech Board gives in-principle approval for merger of its wholly-owned arm Cynosure Interface Services with itself.
  • AU Small Finance Bank Board has approved re-appointment of Raj Vikash Verma as part chairman till April 8, 2023.
  • Vodafone Idea reported a consolidated loss of Rs7,218.2cr in Q2FY21.
  • TVS Motor Company reported a lower standalone profit of Rs196.2cr in Q2FY21.
  • HPCL will consider a share buyback on November 4.
  • Canara Bank reported higher profit at Rs444.1cr in Q2FY21.
  • Welspun Corp reported lower consolidated profit at Rs153.8cr in Q2FY21.
  • InterGlobe Aviation (IndiGo) reported a loss of Rs1,194.8cr in Q2FY21.