Stock market news that you should not miss today

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

May 18, 2021 7:58 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a positive note; support @14,750, resistance at 15,200.
  • FIIs sold shares worth Rs2255.84cr (cash), bought Rs1948.48cr in index futures.
  • US markets closed with minor losses. Asian Markets opened with gains.
  • Brent crude was 0.30% higher at $69.67 per barrel.
  • HCL Technologies announced the expansion of investment in the United Kingdom with the hiring of 1,000 technology professionals to support its clients in the UK and around the world.
  • Bharti Airtel reported consolidated profit at Rs759.2cr in Q4FY21 against Rs853.6cr in Q3FY21, revenue fell to Rs25,747.3cr from Rs26,517.8cr qoq.
  • Strides Pharma Science: Promoter Group of the company have released substantial pledge of over 38 percent, taking the current overall promoter group pledge at 25.98% of the promoter holding and 7.71% of the paid up capital of the company.
  • Hero MotoCorp has extended the duration of all its warranty and free services.
  • Tata Motors will announce its quarterly financial results on Tuesday.
  • Orient Cement reported sharply higher profit at Rs99.87cr in Q4FY21 against Rs44.06cr in Q4FY20, revenue jumped to Rs831.61cr from Rs654.52cr yoy.
  • Wabco India reported higher profit at Rs47.63cr in Q4FY21 against Rs31.49cr in Q4FY20, revenue jumped to Rs712.32cr from Rs404.85cr yoy.
  • Gland Pharma reported higher consolidated profit at Rs260.4cr in Q4FY21 against Rs194.79cr in Q4FY20, revenue rose to Rs887.7cr from Rs635.2cr yoy

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