Stock market news that you should not miss today

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

April 12, 2021 7:50 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a negative note; support @14,700, resistance at 14,950.
  • FIIs sold shares worth Rs653.51cr (cash), sold Rs271.26cr in index futures.
  • US markets closed higher on Friday. Asian Markets opened in the green on Monday.
  • Brent crude was 0.43% higher at $63.22 per barrel.
  • Infosys will consider the proposal for the buyback of equity shares of the company on April 14, the firm announced in its BSE filing on April 11.
  • Tata Consultancy Services will announce its financial results for the quarter Q4FY21.
  • JSW Steel: Life Insurance Corporation of India held a 4.80% equity stake (11,60,57,427 equity shares) in JSW Steel as of March 2021, increasing from 4.02% shareholding held by LIC itself the name of LIC New Endowment Plus-Growth Fund at the end of December 2020.
  • Tata Communications and Bahrain Internet Exchange join forces to enable next-generation OTN network for Bahrain.
  • Natco Pharma receives tentative approval for Ibrutinib tablets (generic for IMBRUVICA ANDA in the US market.
  • Solara Active Pharma Sciences’s board of directors approved the amalgamation of Aurore Life Science, Empyrean Lifesciences and Hydra Active Pharma Sciences with itself.
  • Barbeque Nation Hospitality: UTI Mutual Fund acquired 1.7752% equity stake in casual dining restaurant chain operator Barbeque Nation via open market operations on April 8, taking its total shareholding in the company to 5.0188%.
  • Castrol India and Ki Mobility Solutions have entered into an exclusive supply arrangement in India wherein Castrol shall supply lubricant products to Ki Mobility's multi-brand workshops.
  • Balrampur Chini Mills states that rating agency ICRA has re-affirmed the credit ratings for both long-term and short-term as 'AA' and 'A1+', respectively. However, the outlook on the long-term rating has been revised from Stable to Positive, it said

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