Stock market news that you should not miss today
Here is the important stock market news to watch out for today.
Oct 05, 2020 07:10 IST India Infoline News Service
- Markets to open on a negative note; support @11,300, resistance at 11,550.
- FIIs bought shares worth Rs1632.25 (cash), bought Rs259.46cr in index futures.
- US markets closed lower on Friday; Asian markets opened in the green.
- Oil trades higher at 39.95 USD/bbl.
- Reliance Industries in focus as Mubadala Investment Company, GIC and TPG will invest Rs13,597.5cr into RIL's subsidiary Reliance Retail Ventures.
- Vedanta Ltd. posted a 23.5% drop in quarterly profit as lockdown hit production and demand. Vedanta had net debt of Rs24,787cr at the end of June.
- TCS would be providing Rs1,218cr as exceptional item, in the financial results for the three and six months ended September 30. (CNBC)
- Hero MotoCorp sold 7,15,718 units in September 2020, up 16.9% compared to 6,12,204 units YoY.
- Tata Motors sold 44,444 vehicles in September 2020 against 32,376 vehicles sold in September 2019, sales in Q2 increased 13% to 1,06,888 vehicles.
- Angel Broking to list shares on October 5. Issue price is fixed at Rs306 per share.
- Route Mobile completed the acquisition of primarily intellectual property (software) and associated identified customer contracts (business) of TeleDNA Communications, on a slump sale basis.
- AGC Networks Subsidiary Black Box Holdings has completed the acquisition of Fujisoft Technology LLC (Dubai) and Fujisoft Security Solutions LLC (Dubai).
- ITI signed contract with Ministry of Defense to implement Rs7,796cr ASCON Phase-IV project.
- VST Tillers and Tractors sold 2,246 power tillers in September 2020 against 1,292 tillers in September 2019. In same period, it sold 1,004 tractors against 669 tractors YoY.
- Zydus Healthcare launches Dapagliflozin tablets in India for treatment of Type-2 diabetes. (CNBC)
- Karur Vysya Bank revised its base rate to 8.10% and BPLR to 13.10%.
