Stock market news that you should not miss today

20 Jan 2022 , 07:42 AM

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

• Markets to open on a muted note; support @17,800, resistance at 18,250.
• FIIs sold shares worth Rs2704.77cr (cash), sold Rs195.07cr in index futures.
• US markets closed lower. Asian Markets opened muted.
• Brent crude was trading 0.95% lower at $87.60 per barrel.
• Larsen & Toubro Infotech (LTI): The company’s profit rose 11% at Rs612.5cr in Q3FY22 versus Rs551.1cr in Q3FY21 and revenue was up 9.8% at Rs4,137.6cr versus Rs3,767cr qoq.
• Bajaj Auto: The company reports a 22% yoy decline in net profit at Rs1,214.19cr in Q3FY22 against Rs1,556.28cr in Q3FY21, while total revenues from operations rose 1.25% to Rs9,021.65cr against Rs8,909.88cr yoy.
• Tata Communications: The company’s net profit was down 7% at Rs395.21cr in Q3FY22 against Rs425.38cr in Q3FY21 and revenue was up at Rs4,184.89cr versus Rs4,174.02cr qoq.
• HCL Technologies: The company appointed Prabhakar Appana as Senior Vice President and the Global Head of its AWS Ecosystem Business Unit.
• Hindustan Unilever will announce its quarterly earnings on Thursday along with other major companies like Biocon, Asian Paints and Bajaj Finserv.
• Rallies India: The company reports 30% fall in consolidated net profit of Rs39.56cr in Q3FY22 versus Rs56.49cr in Q3FY21, and revenue was down 13% at Rs628.08cr against Rs727.80cr qoq.
• Nandan Denim: ICRA has upgraded the long term rating to BBB/positive from BBB-/stable and short term rating has been upgraded to A3+ from A3.
• Jet Airways: Kuldeep Sharma resigned as company secretary and compliance officer of the company.