Watch the important stock market news 4th Nov 2020

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

  • Markets to open on a negative note; support @11,723, resistance at 11,920.
  • FIIs shares worth bought Rs2274.4 (cash), sold Rs1100.92cr in index futures.
  • US markets closed higher on Tuesday; Asian markets opened in the green.
  • Oil trades marginally higher at 40.43 USD/bbl.
  • State Bank of India, Lupin, HPCL, Adani Enterprises etc are set to announce their quarterly financial results on Wednesday.
  • PVR posted consolidated loss at Rs183.9cr in Q2FY21. PVR got complete rent waiver on lockdown period on 60% of its screens and significant discounts on reopening. Has secured permission to re-open 575 out of the total 831 screens.
  • Cera Sanitaryware informed that production at sanitaryware unit continues to be partially affected due to an unrest at its Mehsana facility.
  • HDFC MF reduced its stake in Somany Home Innovation to 4.67% from 6.68% on October 30.
  • Brickwork Ratings downgraded Bombay Dyeing’s bank facilities to BWR BBB+ from BWR A-, with outlook remaining negative.
  • Asahi Songwon Colors to consider share buyback on November 6.
  • Deepak Fertilizers statutory auditors BSR and Associates resign due to commercial reasons.
  • Gujarat State Fertilizers & Chemicals set to manufacture pharma grade Ammonium Sulphate.
  • ICICI Lombard General Insurance received no adverse observation letter from exchanges regarding the acquisition of Bharat Axa General Insurance.
  • HLE Glascoat Board approves overall capex of Rs20cr for new manufacturing facility at Silvassa for filtration and drying equipment.
  • Ratnamani Metals reported consolidated profit at Rs56.7cr in Q2FY21.
  • Adani Gas reported higher profit at Rs136cr in Q2FY21.
  • Ajanta Pharma reported higher profit at Rs170.2cr in Q2FY21. The company’s board approved a share buyback worth up to Rs 135.97 crore at Rs 1,850 per share.
  • Adani Ports reported consolidated profit at Rs1,387cr in Q2FY21.