Stock market news that you should not miss today

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

November 09, 2020 07:40 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a positive note; support @12,131, resistance at 12,500.
  • FIIs shares worth bought Rs4869.87(cash), sold Rs2938.66cr in index futures.
  • US markets closed higher on Friday. Asian markets opened higher on Monday.
  • Oil trades 2.59% higher at 40.47 USD/bbl.
  • Biocon Biologics has received capital infusion worth Rs1,125cr or $150 million from Goldman Sachs.
  • Dilip Buildcon emerges as L-1 bidder for development and operation of Siarmal open cast project in Odisha.
  • Adani Gas has announced a strategic collaboration with Italy-based Snam - Europe's leading gas infrastructure company.
  • NTPC’s Unit-2 of 800 MW of Lara Super Thermal Power Station Stage-I has been declared commercially operative with effect from November 7.
  • Cipla reported higher consolidated profit at Rs661.8cr in Q2FY21.
  • ITC Ltd reported a marginal 2.18% rise in the Sep-20 quarter top line sales revenues at Rs13,147.81cr.
  • Lakshmi Vilas Bank: Says due diligence with Clix Capital continues. The Bank's board has also approved the issue of equity shares worth up to Rs500cr through a rights issue and ICICI Securities has been appointed the merchant banker for the same.
  • Voltas Board gives in-principle approval for restructuring B2B business.
  • Vedanta overseas arm extends loans to Vedanta Resources and its subsidiaries. The loan extended to the parent company now stands at $956 million and carries an interest rate of 7%.
  • Aditya Birla Sun Life Mutual Fund reduced stake in Care Ratings to 3.03% from 5.07% on November 4.
  • ICICI Prudential Life Insurance Board allotted NCDs worth Rs1,200cr.
  • Canara Bank Cuts MCLR between 5-15 basis points across various tenors from November 7.
  • ONGC Board approves selling 125 crore equity shares or 49% stake in OMPL to MRPL, a subsidiary of the company.
  • Aban Offshore Gets notice from NCLT Chennai for a hearing on November 10 in respect of an application filed by one of the financial creditors under insolvency proceedings for a default of Rs190.3cr.
  • Ashok Leyland reported consolidated loss at Rs146.7cr in Q2FY21.
  • Bharat Electronics reported higher profit at Rs397cr in Q2FY21.
  • Union Bank of India has reported net profit at Rs516.6cr in Q2FY21.
  • Vedanta reported lower consolidated profit at Rs824cr in Q2FY21.
  • BHEL reported consolidated loss at Rs552cr in Q2FY21.

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