What not to miss today

Here is the important news to watch out for today.

Jul 22, 2019 02:07 IST India Infoline News Service

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-Markets to open lower; Nifty support @11350, resistance 11550.

-FII sold -950cr (cash), bought ~734cr in index futures. 

-US, Asian markets trade lower on global cues. 

-Brent crude above 63/bbl as Gulf tanker seizure raises tensions.  

-Brookfield to invest Rs25,215cr in Tower Infra Trust of RIHL.

-Jet Airways' lenders approved resolution to raise interim finance.

-Gruh Finance boards approves to increase total shareholding of all registered FPIs/FIIs from 24% to 40%.

-BHEL bags order worth Rs486cr for erection work from NPCI.

-Crisil re-affirms credit rating of 'Crisil A1+' on short term borrowing programmes of Edelweiss Financial Services.

-Brickwork Ratings revised ratings on Cox & Kings' NCDs worth Rs50cr to BWR-D from BWR-C on delay in servicing debt obligations.

-Strides Pharma announced successful completion of USFDA inspection at Bangalore facility.

-USFDA inspection at Cipla's Virgonagar, Bangalore facility ends with 7 observations.

-Dr Reddy's announced closure of transaction with Upsher-Smith Laboratories, LIC.

-Citi hikes TP on Dabur to Rs485, Jefferies to Rs480.

-Citi cut TP on L&T Infotect to Rs1,825.

-Q1FY20 Results review: RIL (Cons. PAT at Rs10,104cr, up 6.8% yoy), HDFC Bank (PAT at Rs5,568cr, up 21% yoy), Interglobe Aviation (PAT surges to Rs1,203cr)

-Results today: Kotak Mahindra Bank (expect PAT at Rs1,429cr), United Spirits (PAT at Rs129cr), DHFL, CanFin Homes, TVS Motor (PAT at Rs144cr), ICICI Securities, GSK Pharma.  

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