Stock market news that you should not miss today

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

Jul 22, 2021 07:07 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 positive note; support @15,550, resistance at 15,850.
  • FIIs sold shares worth Rs2834.96cr (cash), bought Rs873.14cr in index futures.
  • US markets closed higher. Asian Markets opened with gains.
  • Brent crude was trading 0.37% lower at $71.96 per barrel.
  • Network18 Media & Investments reported a sharp increase in consolidated operating revenue at Rs1,214cr for Q1FY22 against Rs807cr in Q1FY21. Operating EBITDA jumped to Rs188cr from Rs27cr yoy.
  • TV18 Broadcast’s consolidated operating revenue for Q1FY22 came in at Rs1,155cr against Rs776cr in Q1FY21, operating EBITDA jumped to Rs188cr from Rs44cr yoy.
  • Jubilant Ingrevia: East Bridge Capital Master Fund sold a 2.4% stake in the company via an open market transaction on July 19, reducing shareholding to 5.61% from 8% earlier.
  • IDFC First Bank: The RBI said IDFC can exit as the promoter of IDFC FIRST Bank after the expiry of the lock-in period of 5 years. IDFC holds 36.56% in IDFC First Bank.
  • Havells India reported consolidated profit of Rs235.78cr in Q1FY22 against Rs63.98cr in Q1FY21, revenue rose to Rs2,609.97cr from Rs1,483.40cr yoy.
  • Gland Pharma reported higher consolidated profit at Rs350.65cr in Q1FY22 against Rs313.59cr in Q1FY21, revenue rose to Rs1,153.9cr from Rs884.2cr yoy.

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