Stock market news that you should not miss today

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

January 07, 2021 7:55 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a flat note; support @14,039, resistance at 14,300.
  • FIIs sold shares worth Rs483.64cr (cash), sold Rs380.41cr in index futures.
  • US markets ended higher. Asian markets opened higher.
  • Brent crude was 0.61% higher at $54.63 per barrel.
  • Maruti Suzuki's production in December 2020 increased to 1.55 lakh vehicles, from 1.15 lakh vehicles in same month last year.
  • CARE Ratings has reaffirmed its AA/Stable rating to the long-term bank facilities of CEAT worth Rs800cr and A1+ rating to the short-term bank facilities worth Rs1,150cr.
  • NMDC Lump Ore prices raised 9.6% to Rs5,700 per ton from Rs5,200 per ton. Fines prices raised 4.3% to Rs4,810 per ton from Rs4,610 per ton.
  • Good demand across all product categories aids better sales numbers for Sobha in Q3FY21 as compared to the previous year. Total sales value up 22.2% to Rs887.6cr from Rs726.1cr. Sales volume of 11,33,574 square feet of super build-up area was the best ever quarterly sales volume.
  • Lupin has received approval for its Sulfamethoxazole and Trimethoprim Oral Suspension USP from the U.S. FDA, to market a generic equivalent of Bactrim Oral Suspension of Sun Pharmaceutical Industries.
  • Ramco Systems will implement its Aviation M&E MRO Suite v5.8 for Construction Helicopters Inc. (CHI Aviation), part of Heligroup Inc. and its four operating and three asset-holding entities in the U.S.
  • Bandhan Bank's loans and advances rose 5% qoq to Rs80,255cr during the October-December period.
  • Dixon Technologies (India) has entered into an agreement with boAt for manufacturing of Twin wireless speakers.
  • NCL Industries' Cement production rose 50% to 6,32,746 MT in Q3FY21 from 4,23,199 MT in Q3FY20. Cement dispatches rose 45% to 6,25,162 MT versus 4,30,861 MT year-on-year.
  • Future Consumer's loan default amount till December 31 stands at Rs90cr and total outstanding loan amount stands at Rs329.09cr.
  • Wendt Promoters to sell up to 4.74% stake in the company via offer for sale on January 7-8, floor price set at Rs2,200 per share.
  • Dish TV India: 1.84% stake pledged by promoter entities Direct Media Distribution Ventures Pvt Ltd & Veena Investments Pvt Ltd has been invoked.
  • Credit rating of the company and its subsidiary, Capital Trust Microfinance has been reaffirmed by CARE as BBB Negative and the outlook is stable.
  • Kanpur Plastipack incorporated wholly-owned subsidiary (WOS) - Bright Choice Venture.
  • CARE revised the credit rating of Take Solutions to BB+ (Issuer Rating) with Negative outlook, from BBB (Issuer Rating) with Negative outlook.

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