Stock market news that you should not miss today

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

Mar 27, 2020 02:03 IST India Infoline News Service

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  • Markets to open to flat; support @8,300, resistance 9,000.
  • FIIs sold shares worth ~Rs484cr (cash), sold Rs770cr in index futures.
  • US indices end higher for the third consecutive session; Asian indices open in the green.
  • Brent crude trades at USD26.57/bbl.
  • Rupee ends 78 paise higher at 75.16/$.
  • US weekly jobless claims surge to record 3.28 million
  • Sebi further relaxes compliance norms for listed companies
  • G20 leaders to inject $5 trillion into the global economy in fight against coronavirus.
  • HDFC Life's Promoter Standard Life to offer up to 5 crore shares in a price range of Rs431-448.8/share.
  • Moody's places Tata Motors' Ba3 corporate family rating and Ba3 senior unsecured debt rating under review for a downgrade. The outlook has been revised to 'ratings under review' from negative.
  • CARE affirmed its AA/Stable credit rating for additional NCD of Piramal Enterprises of up to Rs1,000cr.
  • NTPC executed a share purchase agreement to acquire 100% stake in NEEPCO from the Government for Rs4,000cr.
  • Yes Bank looks to raise another Rs5,000cr in one or more tranches.
  • ICICI Bank invests Rs51cr in Balrampur Chini Mills’ NBFC arm-Auxilo Finserve for 9.9% stake.
  • L&T Infotech’s arm Syncordis bagged a new deal for digital banking solutions from Standard Chartered Bank.
  • GOCL Corporation board approved the issue of collateral security up to Rs1,000cr for loans sanctioned/to be sanctioned to Hinduja National Power Corporation by a bank.
  • ESAF Small Finance Bank gets SEBI approval for Rs976cr IPO.
  • Maharashtra Seamless has acquired an offshore drilling rig from the company’s Singapore associate company - Star Drilling for $100 million. The acquired rig is currently operating under contract with ONGC.
  • Arvind Fashions board has deferred the rights issue of the company.
  • United Spirits to close down its office and manufacturing units till April 14.
  • Bajaj Group has committed Rs100cr for a fight against Covid-19 through various initiatives.
  • SAIL capacity utilization is likely to go down during the period of lockdown, as per a company statement.

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