Stock market news that you should not miss today

19 Apr 2022 , 08:22 AM

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

• Markets to open on a flat note; support @ 17,067, resistance at 17,700.
• FIIs have sold shares worth Rs6387.45 crore (cash) and bought Rs3341.96 crore in index futures.
• US markets close on a volatile note. Asian markets are trading mixed.
• Brent crude was trading 0.39% up at $113.55 per barrel.
• Mindtree on Monday recorded an 8.1 per cent QoQ growth in profit at Rs473 crore with revenue rising 5.4 per cent to Rs2,897.4 crore. Revenue in dollar terms grew by 4.8 percent QoQ to $383.8 million and the growth in constant currency terms was 5.2 per cent for Q4FY22.
• Wipro has appointed Satya Easwaran as the Country Head for India.
• Sanofi India has appointed Rodolfo Hrosz as the Additional Director and the Managing Director of the company, with effect from June 1 for a period of three years.
• Rail Vikas Nigam has entered into a memorandum of understanding (MoU) with Mahanadi Coalfields (MCL), a subsidiary of Coal India. MCL has given project management consultancy contract for rail infrastructure works to Rail Vikas from concept to commissioning.
• SJVN has achieved financial closure by signing of a loan agreement of Rs494 crore with Himachal Pradesh State Co-Operative Bank for development of 66 MW Dhaulasidh HEP (DSHEP), in Himachal Pradesh.
• Mishtann Foods board has recommended issue of bonus equity shares in the proportion of one bonus equity share for every one share held by shareholders.
• Salasar Techno Engineering on April 30 will consider the proposal of sub-division of existing equity shares having face value of Rs10 each.
• Promoter INEOS Styrolution APAC Pte Ltd has proposed to sell 25.32 lakh equity shares (14.4 per cent stake) of the company via offer for sale issue. It has also kept an option open, to additionally sell 16,88,220 equity shares (9.6 percent stake) vis OFS. The OFS will open for two days - April 19 and April 20.
• Asahi Songwon Colors acquired a 78 per cent stake in Atlas Life Sciences, a manufacturer of bulk pharmaceutical ingredients (APIs).
• Ujjivan Financial Services board has appointed Radhakrishnan Ravi, as Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) of the company.
• Life Insurance Corporation of India sold a 2.04 per cent equity stake in Tamil Nadu Newsprint & Papers via open market transactions. With this, its shareholding in the company stands reduced to 5.95 percent, down from 8 per cent earlier.
• Jwalamukhi Investment Holdings sold 32,62,840 equity shares in TVS Motor Companyvia open market transactions. These shares were sold at an average price of Rs 650 per share on the NSE.
• Puran Associates Pvt Ltd and others acquired 76,534 equity shares in Eveready Industries India through open market transactions on April 18. With this, their stake in the company stands increased to 20.07 percent, up from 19.96 percent earlier.
• Results today: ACC, Larsen & Toubro Infotech, Mastek, Tata Steel Long Products, PCBL, Benares Hotels, Godavari Drugs, and Longview Tea Company