Stock market news that you should not miss today

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

Oct 29, 2020 07:10 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a negative note; support @11,600, resistance at 11,850.
  • FIIs shares worth sold Rs1130.98 (cash), bought Rs1.48cr in index futures.
  • US markets closed lower on Wednesday; Asian markets opened weak.
  • Oil trades higher at 39.41 USD/bbl.
  • Maruti Suzuki and BPCL are set to announce their quarterly results on Thursday.
  • Axis Bank posted a profit of Rs1,682.7cr.
  • Sun Pharmaceuticals Industries Ltd dropped for a fifth straight session on Wednesday and the stock will be under focus.
  • Hero MotoCorp Q2 net profit surges 9% to Rs964cr on robust sales
  • Cipla announced commercialisation of the antibody detection kits for Covid-19 in India, in partnership with KARWA Ltd.
  • NTPC enters into foreign currency loan agreement worth Rs 3,582 crore with various financial institutions in Japan.
  • HUDCO achieved loan sanctions worth Rs 2,628.2 crore and loan releases worth Rs 3,411.8 crore as on September 30, 2020.
  • GSK Pharma: Post the global voluntary recall of Zinetac, the company has decided to proceed with the sale of its manufacturing site at Vemgal and has classified the assets as 'held for sale.'
  • PNB Housing to get capital infusion worth Rs600cr from Punjab National Bank. Also approves fund raising worth Rs1,800cr through preferential issue, rights issue.
  • Max India Board approved giving corporate guarantee worth Rs170cr to Antara Senior Living.
  • HSIL Board approves setting up a specialty glass facility to meet the packaging requirements of segments like pharma, including vials, perfumery and other cosmetics along with high-end liquor.
  • Godrej Industries allotted NCDs worth Rs750cr.
  • VA Tech Wabag files writ petition in the Delhi High Court agains the Delhi Jal Board.
  • ICICI Lombard General Insurance Future and Options contracts will be available for trading from October 30.
  • Reserve Bank of India imposes a penalty of Rs22 lakh on DCB Bank in relation to para-banking activity.
  • RBL Bank reported sharply higher profit at Rs144.2cr in Q2FY21.
  • Ajanta Pharma will consider a share buyback proposal on November 3.
  • Larsen & Toubro (L&T) reported higher profit at Rs5,520.3cr in Q2FY21.
  • Can Fin Homes reported a profit of Rs128.4cr in Q2FY21.
  • ICICI Securities reported sharply higher profit at Rs278cr in Q2FY21.
  • PI Industries reported higher profit at Rs217.6cr in Q2FY21.

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