Stock market news that you should not miss today

28 Jan 2022 , 07:58 AM

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

• Markets to open on a flat to positive note; support @16,800, resistance at 17,500.
• FIIs sold shares worth Rs6266.75cr (cash), bought Rs2881.32cr in index futures.
• US markets closed mixed. Asian Markets opened in the green.
• Brent crude was trading 0.32% higher at $89.63 per barrel.
• Punjab National Bank: The bank reported a profit of Rs1,126.8cr for Q3FY22 against Rs506cr in Q3FY21. The net interest income fell to Rs7,803.2cr from Rs8,345.8cr yoy.
• RBL Bank: The bank reported higher profit at Rs156.1cr in Q3FY22 against Rs147.1cr in Q3FY21, net interest income rose to Rs1,010.4cr from Rs908.2cr yoy.
• Larsen & Turbo, Dr. Reddy’s, Kotak Bank, Britannia Industries, and many more companies will announce their quarterly earnings on Friday.
• Indus Towers: The company reported higher profit at Rs1,570.8cr in Q3FY22 against Rs1,558.5cr in Q2FY22, revenue rose to Rs6,927.4cr from Rs6,876.5cr qoq.
• KEI Industries: The company reported sharply higher profit at Rs101.2cr in Q3FY22 against Rs76.2cr in Q3FY21, while revenue jumped to Rs1,563.8cr from Rs1,152.9cr yoy.
• Route Mobile: The company posted higher profit at Rs48.2cr in Q3FY22 against Rs37.6cr in Q3FY21, revenue surged to Rs562.7cr from Rs384.8cr yoy.
• Home First Finance Company: The company posted sharply higher profit at Rs45.9cr in Q3FY22 against Rs15.9cr in Q3FY21, revenue increased to Rs151.68cr from Rs110.26cr yoy.
• KPR Mill: The board of directors will consider buyback of shares on February 7.