Stock market news that you should not miss today

17 Jan 2022 , 07:36 AM

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

• Markets to open on a muted note; support @17,950, resistance at 18,400.
• FIIs sold shares worth Rs1598.2cr (cash), bought Rs371.41cr in index futures.
• US markets end mixed. Asian Markets opened in the green.
• Brent crude was trading 0.59% higher at $86.57 per barrel.
• HCL Technologies reported a profit of Rs3,442cr for the December quarter, up 5.4% from the previous quarter. The IT firm's revenue came at Rs22,331cr, up 8.1% qoq. The company also acquired Starschema, a leading provider of data engineering services, based in Budapest, Hungary.
• HDFC Bank reported a higher standalone profit at Rs10,342.2cr in December 2021 quarter against Rs8,758.3cr in the year-ago period. Its net interest income rose to Rs18,443.48cr from Rs16,317.61cr yoy.
• Oil India:  Oil India (USA) Inc., A Texas, USA Corporation (Wholly Owned Subsidiary of Oil India Limited), divested its entire stake in Niobrara Shale Asset, USA.
• Maruti Suzuki has announced price increase across its vehicles. The weighted average price increase in ex-showroom Prices (Delhi) across Models is 1.7%. The new prices are effective from today i.e. January 15, 2022.
• Hero MotoCorp has announced a new investment of up to Rs420cr in Ather Energy. The company’s board has approved the investment in one or more tranches. Prior to the proposed investment, Hero MotoCorp’s shareholding in Ather Energy was 34.8% (on a fully diluted basis).
• Aster DM Healthcare: Malabar Institute of Medical Sciences Limited, a material subsidiary of the Company has signed lease agreement for a greenfield hospital project in Kasaragod district of Kerala.
• KPI Global has signed new long term Power Purchase Agreement (PPA) for sale of 3.10 MW (AC)/4.12 MW (DC) solar power.
• NXTDIGITAL board of directors accorded an in-principle approval for its expansive digital and media businesses to be acquired by Hinduja Global Solutions Limited (HGSL), subject to all statutory or regulatory approvals and approval of the shareholders.
• Sequent Scientific announced that its Board of Directors has appointed Rajaram Narayanan as Managing Director and Chief Executive Officer (“MD and CEO”), effective 11 April 2022.
• HSIL has approved the transfer of its business of manufacturing, on contract basis, of sanitaryware, faucets and plastic pipes (PVC and CPVC) and fittings (BPD undertaking) to Brilloca on a slump sale basis for Rs630cr.
• Dalmia Bharat: Dalmia Cement commenced commercial production at its Murli plant in Chandrapur district of Maharashtra, adding 2.9 million tonnes cement capacity.