Here is the important stock market news to watch out for today.
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Markets to open on a positive note; support @14,700, resistance at 15,100.
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FIIs sold shares worth Rs1142.75cr (cash), bought Rs1468.09cr in index futures.
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US markets closed with gains. Asian Markets opened in the green.
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Brent crude was 1.08% higher at $69.02 per barrel.
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Hero MotoCorp has decided to extend the shutdown at its manufacturing facilities across India, its Global Parts Center (GPC) in Neemrana and its R&D facility – the Centre of Innovation and Technology (CIT) in Jaipur – by another week, till May 16, 2021.
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Maruti Suzuki India Ltd. (MSIL) realised the critical importance of rapidly installing Oxygen PSA plants, both to produce life-saving oxygen as well as reduce the immense logistical problems.
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Housing Development Finance Corporation Ltd. (HDFC), in accordance with the direction of Reserve Bank of India to reduce its shareholding in HDFC ERGO to 50% or below, has entered into a share purchase agreement for the sale of 44,12,000 equity shares of Rs10 each, representing 0.62% of the issued and paid-up share capital of HDFC ERGO.
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SBI: IRDAI has imposed a penalty of Rs30.00 lakhs on SBI Generat lnsurance Company Limited (an unlisted subsidiary of State Bank of lndia) due to non-compliance in minimum obligations under Motor Third party Business.
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Amara Raja Batteries resumes production; says committed to environment and sustainability.
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Tata Metaliks: In line with the order of the Government of West Bengal vide notification dated May 05, 2021 for restricting operations in industries, factories, mills & manufacturing units to 50% of total strength as a measure against the Covid pandemic, the Company has taken steps to comply with this directive. This would have some impact on the production of its finished goods especially that of DI Pipes.
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Godrej Agrovet: For the fourth quarter ended March 31, 2021, consolidated total income was Rs1,472cr and profit before tax (excluding non-recurring and exceptional items) was Rs79cr. Profit before tax has grown more than three times year-on-year, despite a marginal 2.4% decline in total income.
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Computer Age Management Services (CAMS), India’s largest registrar and transfer agent of mutual funds, commenced trading on NSE at Rs2219.50 per share and closed at Rs2210 per share.
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DCB Bank reported higher profit at Rs77.9cr in Q4FY21 against Rs68.8cr in Q4FY20; net interest income fell to Rs311.2cr from Rs323.7cr yoy.
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Avenue Supermarts reported sharply higher consolidated profit at Rs414.2cr in Q4FY21 against Rs271.5cr in Q4FY20, revenue rose to Rs7,411.7cr from Rs6,255.cr yoy.
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Bandhan Bank reported sharply lower profit at Rs103cr in Q4FY21 against Rs517.3cr in Q4FY20; net interest income climbed to Rs1,757cr from Rs1,680cr yoy.
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CSB Bank reported profit at Rs42cr in Q4FY21 against loss of Rs59.7cr in Q4FY20; net interest income jumped to Rs275cr from Rs157.5cr yoy.
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IDFC First Bank reported sharply higher profit at Rs127.8cr in Q4FY21 against Rs71.54cr in Q4Y20; net interest income rose to Rs1,960.26cr from Rs1,699.98cr yoy.
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Jubilant Pharmova-led arm Jubilant Pharma received a favourable and unanimous judgment from the United States Court of Appeals summarily affirming Jubilant's earlier favourable rulings from the US Patent Office and the US International Trade Commission. These two rulings by the Appellate Court deny the appeals filed by Bracco Diagnostics, Inc.
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