Stock market news that you should not miss today

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

Mar 30, 2020 02:03 IST India Infoline News Service

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  • Markets to open to negative; support @8,300, resistance 9,000.
  • FIIs bought shares worth ~Rs356cr (cash), bought Rs1,704cr in index futures.
  • US indices end lower on Friday; Asian indices open in the red.
  • Brent crude trades at USD23.31/bbl.
  • Rupee ends 27 paise higher at 74.89/$.
  • Forex reserves fall by $12 bn, as per RBI data on Friday.
  • As per media reports, TRAI grants 6-weeks additional time to telcos to file monthly, quarterly reports.
  • FPIs pull out over Rs1 lakh cr in March.
  • SBI cuts lending rates by 75bps to 7.05%. Repo linked lending rate reduced to 6.65%. New lending rates to be effective from April 1.
  • Sun Pharma gets OAI from USFDA for its Halol facility.
  • Coffee Day Enterprises gets first tranche payment of Rs2,000cr after divesting the Global Village Tech Park to entities belonging to Blackstone Group and Salarpuria Sattva Group for Rs2,700cr.
  • Delta Corp Board approves buyback of shares worth Rs125cr at a price of Rs100/share.
  • IndusInd Bank makes timely interest payment of Rs156.4cr towards additional Tier-1 bonds.
  • Future Retail clarifies that there is no such activity of Kishore Biyani selling stake. S&P Global has downgraded the company's US denominated notes to B- from BB-.
  • CARE Ratings downgrades long-term banking facilities of Future Supply Chain Solutions to CARE A+ from CARE AA-. Outlook has been revised to credit watch with negative implications from stable.
  • Tata Power JV with International Finance Corporation in Georgia begins commercial operation of 178 MW Hydro Power Project.
  • Godrej Agrovet signs sale deed with Godrej Properties to sell land parcel in Bengaluru for Rs134.68cr.
  • Lupin along with Mylan has stated that the European Medicines Agency's Committee for Medicinal Products for Human Use have recommended the approval of Nepexto, used in the treatment of Arthritis.
  • Grasim to consider NCD issue of up to Rs1,000cr on April 1.
  • Moody's assigns Ba1 corporate family rating (CFR) on Motherson Sumi while outlook has been revised to 'under review' from negative.
  • Fitch revises long-term issuer default rating on Muthoot Finance to BB from BB+ with outlook revised to watch negative from stable.
  • Fitch places long-term issuer default rating on Manappuram Finance on Rating Watch Negative from BB-.
  • Fitch revises long-term issuer default rating on Shriram Transport Finance to BB from BB+.
  • M&M suspends all manufacturing operations across India. Duration of the shutdown will depend upon directives issued by respective government authorities.
  • Maruti Suzuki enters into an arrangement with AgVA Healthcare to scale up production of Ventilators.
  • Tata Coffee, Tata Consumer shut down manufacturing and plantation operations.
  • Tata Metaliks suspends production of Pig Iron and DI Pipes at Kharagpur plant.
  • IDBI Bank withdraws bond issue of Rs1,000cr due to cuts in repo rate, CRR and other measures announced on March 27 which led to significant fall in interest rates in the market.
  • Hero Motocorp extends suspension of closure of its manufacturing plants till April 14.
  • SEBI provides extension for dispatching letter of offer for NIIT Tech's buyback and tender form till April 30.

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