Stock market news that you should not miss today

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

Jun 16, 2021 07:06 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 @ 15,750, resistance at 15,950.
  • FIIs bought shares worth Rs633.69cr (cash), sold Rs666.36cr in index futures.
  • US markets closed in the red. Asian markets were trading marginally lower.
  • Brent crude was 0.85% higher at $74.62 per barrel.
  • KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs937cr across its various businesses.
  • Senior officials of the Finance Ministry will hold a meeting with software major Infosys on June 22, 2021, on issues and glitches related to the new e-filing portal of the Income Tax Department,
  • Entertainment Networks: Mirchi reports Rs99cr revenue in tough 4th quarter.
  • Newgen Technologies: Diwakar Nigam, Chairman & Managing Director and Mr. T S Varadarajan, Whole Time Director, (jointly referred as “Promoters”) of Newgen Software Technologies Limited (“Company”), announced a sale of an aggregate 10.57% equity stake in the Company.
  • Jubilant HollisterStier LLC, a wholly-owned subsidiary of Jubilant Pharma, Enters into Manufacturing Partnership for Production of COVID-19 Vaccine Candidate, COVAXIN in the US.
  • Sumant Patel announces succession, Krishna Patel to take over as Executive Chairman of Nesco Limited.
  • RITES Limited has emerged as Lowest bidder for a tender called by Railway Board, Ministry of Railways for railway electrification work on turnkey basis.
  • Wipro collaborates with FEV to open Innovation Lab for developing Software Defined Vehicles.
  • Wipro joins Growing Ecosystem of partners using IBM Cloud Paks with Red Hat OpenShift to Modernize Mission-Critical Workloads.
  • KPI Global Infrastructure signed new long term Power Purchase Agreement (PPA) with Polycab India, Vadodara for sale of 5.70 MW solar power for their different units for a period of 20 years under Independent Power Producer business vertical.
  • LIC Housing Finance reported lower standalone profit at Rs398.92cr in Q4FY21 against Rs421.43cr in Q4FY20; revenue rose to Rs4,967.69cr from Rs4,920.17cr YoY.
  • Hindustan Organic Chemicals reported consolidated profit at Rs7.5cr in Q4FY21 against loss of Rs20.39cr in Q4FY20; revenue increased to Rs110.55cr from Rs92.75cr YoY.
  • Flexituff Ventures International: The company reported loss at Rs1.33cr in Q4FY21 against Rs7.82cr in Q4FY20; revenue rose to Rs265.5cr from Rs178.35cr YoY.
  • Lupin: Life Insurance Corporation of India acquired 2.019% stake in Lupin via open market transaction, raising stake to 6.629% from 4.61% .
  • Results today: RITES, Asahi India Glass, CESC, Commercial Syn Bags, DIC India, Kakatiya Cement Sugar, Manaksia Steels, Nureca, Pritika Auto Industries, Somany Ceramics and Welspun Enterprises.

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