Stock market news that you should not miss today

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

April 07, 2021 7:45 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a muted note; support @14,459, resistance at 14,859.
  • FIIs sold shares worth Rs1092.75cr (cash), bought Rs416.59cr in index futures.
  • US markets closed lower on Tuesday. Asian Markets opened muted on Wednesday.
  • Brent crude was 0.14% higher at $62.83 per barrel.
  • Tata Steel: S&P Global Raised Rating To 'BB-' On Deleveraging And Strong Operating Momentum; Outlook Stable.
  • Reliance Industries, Bharti Airtel: RIL in its exchange filing said Reliance Jio Infocomm has entered into a definitive agreement with Bharti Airtel for the acquisition of the right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading.
  • JSW Energy: Brickwork Ratings India Private Limited (BWR) has reaffirmed long- term rating of 'BWR AA- (Positive)' on the proposed Non-Convertible Debenture issue of the Company, and short-term rating of 'BWR A1+' on the Commercial Papers of the Company.
  • Karnataka Bank has promoted three of its Deputy General Managers viz., Raja B S, Nirmal Kumar Kechappa Hegde and Ravichandran S as General Managers.
  • Balu Forge on Defence Production: The Dedicated Defence Unit is set to commercialize production from Q4 FY 2021/22 & the R&D Center from Q2 FY 2021/22.
  • Max Healthcare board have approved the incorporation of a wholly owned subsidiary (WOS) of the Company (i.e. Max Healthcare Institute Ltd.), to inter- alia provide range of diagnostic services including pathology lab services to retail and non-captive customers as well as third party Hospital Lab Management.
  • Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of Murugappa Group, announced that it is one of the companies participating in a consortium ‐ Vishwakarma Payments Pvt. Ltd., that has applied for an NUE (New Umbrella Entity) license for Retail Payments with RBI.
  • Wonderla Holidays: Wonderla Bangalore announced the closure of water rides effective from April 7 till further notice, following the government directive. All land rides will be functional as normal.
  • Somi Conveyer Beltings has secured major orders worth Rs30.68cr from March till date.
  • CARE revised credit rating on the Punjab Chemicals & Crop Protection’s long term bank facilities to 'BBB' from 'BBB-', with a stable outlook, and also revised rating on short term bank facilities to 'A3+' from 'A3'.

Related Story

Get Access to Stock Reports+ and Customised Investment Ideas