Watch this important news before the trade [12-11-2020]

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

  • Markets to open on a negative note; support @12,571 resistance at 12,800.
  • FIIs shares worth bought Rs6207.19(cash), sold Rs3463.86cr in index futures.
  • US markets closed mixed on Wednesday. Asian markets opened muted.
  • Oil trades 0.57% higher at 44.05 USD/bbl.
  • Eicher Motors and IRCTC stocks are in focus as they are set to announce their quarterly financial results on Thursday.
  • Coal India reported a lower profit at Rs2,951.6cr in Q2FY21.
  • Aurobindo Pharma reported a higher profit at Rs805.6cr yoy in Q2FY21.
  • Metropolis Healthcare informs of a delay in completion of acquisition of the balance 35% stake in Metropolis Histoxpert Digital Services due to the lockdown imposed in the Netherlands.
  • SpiceJet reported loss at Rs105.6cr in Q2FY21 against loss at Rs461.2cr in Q2FY20.
  • Indiabulls Housing Finance posted a profit at Rs323cr in Q2FY21.
  • Tata Steel on Wednesday has clarified on the news of closure of sale of its European business stating that it is involved in evaluating strategic opportunities across various segments of its operations in different geographies.
  • Apollo Hospitals received board approval to acquire remaining 50% stake in Apollo Gleneagles Hospital, Kolkata for Rs410cr. Board also approved raising Rs1,500cr through a preferential issue of securities, QIP or any other equivalent capital raising method.
  • Coffee Day Enterprises said that the exchanges have given a notice for compulsory delisting of the company.
  • Max India has executed a Deed of Guarantee in favour of Aditya Birla Finance for an amount up to Rs170cr in respect of the loans / line of credit facility availed by company‚Äôs wholly-owned arm Antara Senior Living.
  • Happiest Minds Technologies enters into a strategic partnership with lo-Tahoe to provide their clients with effective data discovery and governance solutions.
  • NBCC board has approved closure of its Gulf arm and liquidation of its wholly-owned arm NBCC Engineering & Consultancy.
  • GOCL Corporation said in the press note that the U.K. arm HGHL Holdings declared a dividend of $4 million to the company.
  • Future Lifestyle Fashion stock in focus as CARE Ratings downgraded long-term bank facilities and NCDs from CARE BB to CARE C, with outlook staying unchanged at credit watch with negative implications.