Stock market news that you should not miss today

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

Oct 14, 2021 07:10 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a positive note; support @18,000, resistance at 18,200.
  • FIIs bought shares worth Rs937.31cr (cash), sold Rs431.72cr in index futures.
  • US markets closed flat. Asian Markets opened in the green.
  • Brent crude was trading 0.16% higher at $83.31 per barrel.
  • Infosys reported higher consolidated profit at Rs5,421cr in Q2FY22 against Rs5,195cr in Q1FY22, revenue jumped to Rs29,602cr from Rs27,896cr qoq. Dollar revenue increased to $3,998 million from $3,782 million in the same period.
  • Wipro reported a 6.9% qoq growth in IT services segment revenue at $2,580 million in Q2FY22, and its constant currency IT services segment revenue increased by 8.1% qoq in the same period. It expects 2-4% growth in constant currency IT services segment revenue in Q3FY22.
  • Mindtree net profit increased by 16.2% to Rs399cr and revenue grew by 12.8% to Rs2,586.2cr in Q2FY22 on sequential basis. The dollar revenue at $350.1 million grew by 12.8% sequentially.
  • UltraTech Cement commissioned 1.2 mtpa cement capacity in October 2021, which will help the company to service the fast-growing cement demand in the Eastern markets.
  • KEC International has completed the acquisition of Spur Infrastructure and hence, Spur Infrastructure is now a wholly owned subsidiary of the company.
  • DB Realty: Income Tax authorities carried out search and seizure operations at the premises of the company and key managerial personnels from October 7, 2021 upto October 12.

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