Stock market news that you should not miss today

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

Oct 28, 2020 07:10 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 to negative note; support @11,800, resistance at 12,000.
  • FIIs shares  worth bought Rs3514.89 (cash), sold Rs1570.8cr in index futures.
  • US markets closed mixed on Tuesday; Asian markets opened flat.
  • Oil trades lower at 40.50 USD/bbl.
  • Axis Bank, L&T, Hero MotoCorp, Dr Reddy's Laboratories, Titan Company etc will announce their quarterly results today.
  • Hero MotoCorp announces agreements with Harley-Davidson for the Indian market.
  • JSW Steel has completed the acquisition of Asian Colour Coated Ispat through its wholly-owned subsidiary JSW Steel Coated Products.
  • Tata Motors Jaguar Land Rover sets aside 90 million pounds for potential European Union fines related to its fleet exceeding carbon dioxide limits.
  • Tata Motors reported a consolidated loss of Rs314.5cr in Q2FY21.
  • Cochin Shipyard signs MoU with Italy's Fincantieri for co-operation in areas of design, ship building, ship repair, marine equipment manufacturing along with training and skill development.
  • Bharti Airtel reported a consolidated loss of Rs763.2cr in Q2FY21.
  • ICICI Prudential Life Insurance Company reported a profit of Rs302.46cr in Q2FY21.
  • Network18 Media & Investments reported a Q2 profit of Rs68cr.
  • TV18 Broadcast reported higher profit of Rs115cr in Q2FY21.
  • Castrol India reported higher profit at Rs204.6cr in Q2.
  • The United States Securities and Exchange Commission (SEC) has concluded its investigation into the ICICI Bank’s loan impairment provisions under US GAAP and that the SEC does not intend to take any enforcement action against the lender.
  • Bharti Airtel to exit the Ghana market. The government of Ghana will acquire 100% stake in Airtel Ghana. To take an impairment hit of Rs184cr.
  • Adani Gas to consider raising up to $400 million through foreign currency bonds on November 3.
  • NACL Industries' arm has acquired Gujarat Industrial Development Corporation's industrial land, which will be used to set up a green-field project to manufacture agro chemicals, active ingredients and formulations.
  • Delta Corporation's Sikkim casino operations to resume from November 1.

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