Stock market news that you should not miss today

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

Sep 17, 2020 07:09 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 negative note; support @11,500, resistance at 11,750.
  • FIIs bought shares worth Rs264.66cr (cash), sold Rs212.21cr in index futures.
  • US markets closed mixed on Wednesday; Asian markets opened muted.
  • Oil trades lower at 41.94 USD/bbl.
  • HCL Technologies and Google Cloud expanded partnership to deliver accelerated business intelligence platform.
  • ICICI Bank Board approved proposal to resume seeking approval from RBI for the appointment of Sandeep Batra as a wholetime director (designated as executive director) of the Bank, for a period of five years.
  • Suven Pharma Board sets record date for bonus issue at Sept.28. On Aug.17, board approved bonus issue of one share for every one share held in the company.
  • The meeting of the board of directors of HSIL is scheduled for September 21 to consider the proposal of buyback of the fully paid-up equity shares.
  • Aviation Stocks in focus as Airlines operators have sought government help to ask banks to defer loan repayments by six months, and not to classify such loans as non-performing, Civil Aviation Minister Hardeep Singh Puri said in written reply to parliament.
  • Action Construction Equipment: ICRA assigned a long-term rating of AA- with a stable outlook to Rs395cr bank facilities of the company.
  • Genus Paper & Boards: SEBI imposed a penalty on three erstwhile promoters (including the company) of Genus Prime Infra for certain non-compliances of regulations.
  • GMR Infrastructure Promoter entity GMR Enterprises created a pledge on 3.75 crore equity shares of the company.
  • Dhanuka Agritech approved the proposal of buyback of shares worth up to Rs100cr and fixed September 28 as record for determining the entitlement of equity shareholders.
  • Puravankara Board approved issue of raising Rs70cr via NCDs.
  • Intellect Design Arena’s banking platform has gone live for Bank of Bahrain and Kuwait.
  • Crisil has upgraded long term rating outlook of bank loan facilities of Rs 750 crore of Deepak Nitrite from CRISIL AA- to CRISIL AA- with outlook changing from stable to positive.
  • Sanofi India's Charles Billard resigned from the post of CFO with effect from Sept.30 to take up new role within Sanofi Group. He will continue to be the non-executive director of the company.

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