Stock market news that you should not miss today

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

Jun 02, 2020 07:06 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a flat note; support @9,750, resistance 9,950.
  • FIIs bought shares was worth ~Rs1,575.46cr (cash), sold Rs459cr in index futures.
  • US indices closed with gains; Asian indices opened in the green.
  • Brent crude trades up at USD38.52/bbl.
  • Moody's downgrades India's rating to BAA3, maintains negative outlook
  • Union Cabinet clears a new definition of MSMEs, limit raised to Rs250cr.
  • Union Cabinet approved a minimum support price for 14 Kharif crops
  • Kotak Mahindra Bank Founder and CEO Uday Kotak plans to sell 5.6 cr shares or 2.83% equity through a 100% secondary placement.
  • Tata Power acquired 51% stake in TP Central Odisha Distribution for Rs178.5cr.
  • MOIL resuces prices of different grades of Manganese Ore and other products by 10% from June 1 as compared to the previous month.
  • SBI Cards informed 27,000 new cards were issued from applications already in the pipeline at a rate of 1,000 cards per day.
  • Max India gets NCLT nod for scheme to merge its healthcare assets into Max Healthcare.
  • NCC gets four new orders worth Rs1,136cr in May.
  • Eicher Motors nearly two-third of the dealerships are open for business, by May-end.
  • NMDC sale of iron ore in May fell 24% to 2.55 million tons, while production declined 25% to 2.29 million tons.
  • Coal India production in May fell 11.3% to 41.43 million tons, while offtake declined 23.3% to 39.35 million tons.
  • Bajaj Finance allotted NCDs worth Rs250cr.
  • Results today: Britannia Industries, InterGlobe Aviation, Spandana Sphoorty Financial, Sun Pharma Advanced Research Company, Motherson Sumi Systems, Dhampur Sugar Mills, Dolat Investments, Granules India, Marksans Pharma, Transport Corporation of India, Tata Teleservices, Vishnu Chemicals and Zydus Wellness.

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