Here is the important stock market news to watch out for today.
- Markets to open on a flat to positive note; support @17,216, resistance at 17,800.
- FIIs sold shares worth Rs5122.65cr (cash), bought Rs3809.62cr in index futures.
- US markets close steady. Asian Markets open in the green.
- Brent crude was trading 0.12% higher at $82.35 per barrel.
- CyberTech Systems and Software: India Rating & Research (Fitch Group) has upgraded the rating of CyberTech Systems from Long-Term Issuer Rating at 'BBB-/Stable/A3' to 'BBB/Stable/A3+'.
- Capri Global Capital: The company entered into a co-lending agreement with the Union Bank of India to offer MSMEs loans.
- Siemens: The company has recommended a dividend of Rs8 per equity share for the financial year ended September 2021.
- Tube Investments of India: ICRA has reaffirmed the long-term rating at AA+ and the short-term rating at A1+ in respect of the bank fund based and non-fund based limits of the company. The long-term rating has been removed from watch with developing implications and 'Stable' outlook has been assigned.
- Grasim Industries: Life Insurance Corporation of India sold 2.02% stake in the company via open market transactions, reducing shareholding to 9.83% from 11.85% earlier.
- Pidilite Industries: Subsidiary Madhumala Ventures has agreed to make an investment of Rs1.56cr in Constrobot Robotics which is engaged in the business of research, development, manufacturing and trading of robotic equipment and related software to be used in construction activities. The investment would be done through primary and secondary purchase of shares to acquire 19.51% of Constrobot Robotics.
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