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Stock market news that you should not miss today

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

October 28, 2021 7:58 IST India Infoline News Service

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Here is the important stock market news to watch out for today.
  • Markets to open on a positive note; support @18,050, resistance at 18,400.
  • FIIs sold shares worth Rs1913.36cr (cash), bought Rs472.48cr in index futures.
  • US markets close mixed. Asian Markets opened mixed.
  • Brent crude was trading 2.40% lower at $82.55 per barrel.
  • Future Retail: Future Retail has approached the Delhi High Court against the Singapore-based arbitral tribunal’s order which declined to vacate the status quo on its Rs27,513cr transaction with Reliance Retail Ltd.
  • Indian Overseas Bank to raise Rs500cr as Tier 2 capital in FY22. The bank may also look at equity fundraising in FY23, bank’s MD and CEO Partha Pratim Sengupta said.
  • Bank of Baroda stock in focus as Capital Raising Committee to meet on November 1 to consider raising funds through issue of capital debt instruments.
  • Wipro has partnered with Micro Focus to streamline legacy apps migration to cloud. Further it has appointed Kimberly Watson as Country Head and Managing Director for Canada.
  • Zomato Ireland (Lebanon Branch) will shut down operations from December 15, 2021.
  • Jubilant FoodWorks to acquire a 35% stake in Hashtag Loyalty Pvt Ltd for Rs24.75cr. The acquisition is expected to be completed within 60 days from the execution of the share subscription agreement and share purchase agreement.
  • Rajiv Anand was elevated to deputy managing director of Axis Bank. Anand was ED- wholesale banking at Axis Bank. In addition to wholesale banking, Anand will also work on strengthening control and governance aspects.
  • Bharti Airtel approved the allotment of 39.23 crore rights equity shares.
  • Krishna Institute of Medical Sciences (KIMS Hospitals) has entered into definitive agreements to acquire 51.07% stake in Sunshine Hospitals (M/s Sarvejana Healthcare private Limited) at an enterprise value of Rs 730 crore.
  • Monte Cello BV, a subsidiary of Vedanta, has entered into a term sheet agreement to divest copper mines of Tasmania by way of an option agreement with New Century Resources. MCBV is 100% owner of the Mt Lyell Copper Mine in Australia

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