Stock market news that you should not miss today

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

Jul 08, 2020 07:07 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a positive note; support @10,700, resistance 10,900.
  • FIIs bought shares worth Rs829.9cr (cash), sold Rs748.47cr in index futures.
  • US indices were closed lower; Asian markets trade mixed.
  • Brent crude trades lower at USD 43/bbl.
  • Birlasoft partnered with Innoveo to fast-track the journey to digital excellence.
  • Zuari Agro Chemicals plant has been shut down due to the non-availability of workers owing to COVID-19.
  • Magma Fincorp partnered with Wadhwani Foundation to provide pro-bono business consulting to SME customers.
  • Varun Beverages Promoter Vivek Gupta released a pledge on 2,06,800 equity shares of the company.
  • Adani Ports and SEZ Board approved raising up to $1.25 billion via dollar denominated foreign currency bonds.
  • Maruti Suzuki production levels in June stood at 50,742 units from 1,11,917 units, on yoy basis.
  • NCLT approves scheme of arrangement between CRISIL and CRISIL Ratings.
  • Bharti Airtel launches new prepaid pack with content from ZEE5.
  • Jwalamukhi Investments reduced stake in CEAT to 8.72% from 10.92% till July 6.
  • Coal India clarifies that the unions resorted to strike from 1st shift of July 2 to the 3rd shift of July 4. Normalcy has been restored from July 5.
  • RBI extends term of J&K Bank Chairman and Managing Director RK Chhibber by three more months, starting July 10.
  • Suzlon Energy's total default amount stood at Rs8,292.1cr as on June 30, and total outstanding from banks and financial institutions were at Rs13,185.5cr, as per the restructured resolution plan.
  • BEML Board has approved closure of its loss making arm Vignyan Industries.
  • Exchanges have issued their in-principle approval for Ineos Styrolution delisting offer.
  • Results today: South Indian Bank, Automotive Stampings, Dish TV India, Kokuyo Camlin, Prozone Intu Properties, Radha Madhav Corporation and Swelect Energy Systems.

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