Stock market news that you should not miss today

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

Jul 07, 2020 07:07 IST India Infoline News Service

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Here is the important stock market news to watch out for today.
  • Markets to open on a flat note; support @10,650, resistance 11,000.
  • FIIs bought shares worth Rs348cr (cash), bought Rs263cr in index futures.
  • US indices were closed higher; Asian markets trade mixed.
  • Brent crude trades lower at USD 42.90/bbl.
  • Greaves Cotton's subsidiary Ampere Vehicles to acquire shares of Bestway Agencies on a fully diluted basis through secondary purchase.
  • Shriram Transport Finance fixed the issue price at Rs570 per share for its Rs1,500cr rights issue.
  • At a consolidated level, Godrej Consumer Products expects absolute sales in Q1FY21 to be marginally lower compared to the base quarter.
  • Karur Vysya Bank has partnered with Star Health & Allied Insurance to sell its health insurance products.
  • Hindustan Unilever moves Bombay High Court seeking injunction against threats by Emami over the Glow and Handsome trademark.
  • PVR sets the rights issue price at Rs784 per share, a 25% discount to Monday's closing price.
  • Shriram Transport Finance Board approves rights issue worth Rs1,500cr.
  • SAT has allowed Axis Bank to sell securities in its clearing account to recover dues worth Rs21cr in the Modex International Securities case.
  • Infinity Holdings acquired 6.64 lakh shares or 0.55% stake of Camlin Fine Sciences at Rs56 per share.
  • Punjab National Bank to consider raising capital on July 9.
  • Canara Bank to consider raising capital for FY21 on July 10.
  • Adani Transmission Promoter SB Adani Family Trust revoked pledge of 20 lakh shares on July 4.
  • Results today: Shree Renuka Sugars, GKB Ophthalmics, Bazel International, Best Agrolife, Best Eastern Hotels, Bhanderi Infracon, Indian Acrylics, Marg Techno Projects and Polymac Thermoformers.

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