Stock market news that you should not miss today

19 Jan 2022 , 07:35 AM

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

• Markets to open on a negative note; support @18,000, resistance at 18,400.
• FIIs sold shares worth Rs1254.95cr (cash), sold Rs220.2cr in index futures.
• US markets closed lower. Asian Markets opened in the red.
• Brent crude was trading 1.63% higher at $88.94 per barrel.
• Bajaj Finance: Profit after tax for Q3FY22 increased by 85% to Rs2,125cr from Rs1,146cr in Q3FY21. Net interest income increased by 40% to Rs6,000cr as against Rs4,296cr yoy.
• Bajaj Auto Limited will announce its quarterly earnings on Wednesday.
• ICICI Prudential Life Insurance Company: The company reported a higher profit at Rs310.62cr in Q3FY22 against Rs305.55cr in Q3FY21; net premium income rose to Rs9,073.97cr from Rs8,970.84cr yoy.
• L&T Technology Services: The company reported a sharply higher consolidated profit at Rs249.6cr in Q3FY22 against Rs186.9cr in Q3FY21. Revenue jumped to Rs1,687.5cr from Rs1,400.7cr yoy. The company bagged a $45 million EV (electric vehicle) deal from US Auto Tier 1.
• Tata Elxsi: The company reported higher profit at Rs150.95cr in Q3FY22 against Rs105.20cr in Q3FY21. Revenue jumped to Rs635.41cr from Rs477.09cr yoy.
• Alok Industries: The company reported consolidated loss at Rs0.09cr in Q3FY22 against loss of Rs35.12cr in Q3FY21; revenue jumped to Rs2,129.60cr from Rs1,201.80cr yoy.
• DCM Shriram: The company reported higher consolidated profit at Rs349.79cr in Q3FY22 against Rs253.45cr in Q3FY21. Revenue rose to Rs2,790.78cr from Rs2,158.74cr yoy.
• Shalimar Paints: Hella Infra Market, the parent company of Infra.Market, will invest Rs270cr through a combination of equity and debentures in Shalimar Paints.