Stock market news that you should not miss today

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

April 06, 2021 7:59 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a flat to positive note; support @14,459, resistance at 14,859.
  • FIIs sold shares worth Rs931.66cr (cash), bought Rs75.48cr in index futures.
  • US markets closed higher on Monday. Asian Markets opened mixed on Tuesday.
  • Brent crude was 0.97% higher at $62.75 per barrel.
  • HDFC invested in 3,88,303 equity shares of RsI0 each of Kerala Infrastructure Fund Management Limited representing 9.90% of its share capital issued on a private placement basis.
  • Maruti Suzuki reported production of 1,72,433 vehicles in March 2021, against 92,540 vehicles produced in the corresponding period. Passenger vehicles production increased to 1,70,036 vehicles from 91,602 vehicles in the same period.
  • Jindal Steel and Power Limited (JSPL) has ended the fiscal year on a strong note with sales hitting a new record of 786,000 tonnes in Mar’21 (up 61% yoy).
  • Panacea Biotec: The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund), and Panacea Biotec, one of the leading vaccine and pharmaceutical producers in India, announce cooperation to produce 100 million doses per year of Sputnik V, the world's first registered vaccine against coronavirus.
  • Burger King India: ICRA upgraded company's long term and short term credit rating to A- & A2+, from BBB+ & A2 respectively and revised outlook to stable from negative, due to prepayment of entire debt on its balance sheet following successful completion of IPO in December 2020.
  • Thomas Cook India forays into a new market; Sets up first Holidays Outlet in Jammu.
  • Vakrangee Limited (VL) has entered into a partnership arrangement with Bank of Baroda for appointing Women BC Sakhis and providing Banking services in Uttar Pradesh.
  • Sobha’s new sales in Q4FY21 increased to 13,37,707 square feet, compared to 9,05,710 square feet in the corresponding period, but full year sale declined to 40,13,381 square feet from 40,71,704 square feet in FY20.
  • IRCON International: The board of directors have approved the issuance of fully paid up bonus shares in the ratio of 1:1.

Related Story

Get Access to Stock Reports+ and Customised Investment Ideas