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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.

November 03, 2021 8:20 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 flat to positive note; support @17,800, resistance at 18,200.
  • FIIs bought shares worth Rs244.87cr (cash), sold Rs6cr in index futures.
  • US markets closed with new highs. Asian Markets opened mixed.
  • Brent crude was trading 1.42% lower at $83.52 per barrel.
  • Infosys Finacle and IBM collaborated to help banks accelerate cloud transformation journeys.
  • With the opening of the economy and customer cash flow improving on account of mobility, festival, and harvest, Mahindra & Mahindra Financial Services expects a gradual reduction in Stage 3 and Stage 2 to continue in the months to come.
  • The Competition Commission of India has approved the acquisition of 100% shareholding in Exide Life Insurance Company by HDFC Life Insurance Company.
  • Poonawalla Fincorp approved divestment of its direct and indirect shareholding in Magma HDI General Insurance to comply with IRDAI regulations. Sanoti Properties LLP will acquire the company’s stake in Magma HDI.
  • Info Edge (India) has entered into an agreement to invest about Rs 41.2 crore in Metis Eduventures through a mix of primary and secondary acquisition of shares. The acquisition is expected to be completed on or before November 30.
  • Sesa Mining Corporation, an indirect wholly owned subsidiary of Vedanta, to acquire Desai Cement Company for Rs 14 crore.
  • Wipro partnered with TEOCO to develop next-generation network solutions for communication service providers.
  • eClerx Services reported sharply higher profit at Rs100.7cr in Q2FY22 against Rs61.4cr in Q2FY21, revenue jumped to Rs523.2cr from Rs360.7cr yoy.
  • Padmaja Gangireddy has tendered her resigned as the Managing Director of Spandana Sphoorty Financial with immediate effect.
  • Saregama India launched its QIP issue on Tuesday and approved the floor price of Rs4,264.68 per share. The floor price is at a discount of 1.53% to Tuesday's closing price.
  • Century Plyboards reported a sharply higher profit after tax of Rs99cr in Q2FY22 against Rs50.2cr in Q2FY21. Revenue spiked to Rs813.6cr from Rs522.2cr yoy.
  • Minda Corporation reported a higher profit at Rs39.1cr in Q2FY22 against Rs5.8cr in Q2FY21; revenue climbed to Rs731.3cr from Rs656.1cr yoy.
  • Bharti Airtel reported a higher profit at Rs1,134cr in Q2FY22 against Rs283.5cr in Q1FY22; revenue rose to Rs28,326.4cr from Rs26,853.6cr yoy.

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