Stock market news that you should not miss today

1 Feb 2022 , 07:42 AM

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

• Markets to open on a positive note; support @17,100, resistance at 17,900.
• FIIs sold shares worth Rs3624.48cr (cash), bought Rs3648.65cr in index futures.
• US markets closed higher. Asian Markets opened in the green.
• Brent crude was trading 1.31% higher at $91.21 per barrel.
• Auto Stocks: Tata Motors, Maruti Suzuki, Mahindra & Mahindra, Bajaj Auto, TVS Motor Company, Ashok Leyland, Eicher Motors, Escorts, and Hero MotoCorp will release their monthly sales numbers for January 2022.
• Bharat Petroleum Corporation (BPCL): The company reported consolidated profit at Rs2,805cr in Q3FY22 against Rs1,900.63cr in Q3FY21, revenue increased to Rs1,17,702.6cr from Rs87,292.62cr yoy.
• Hindustan Petroleum Corporation (HPCL): The company reported lower consolidated profit at Rs868.86cr in Q3FY22 against Rs2,354.64cr in Q3FY21, revenue jumped to Rs1,03,422.37cr from Rs77,412.68cr yoy.
• Indian Oil Corporation (IOC): The company recorded higher consolidated profit at Rs6,143.08cr in Q3FY22 against Rs4,359.11cr in Q3FY21, revenue jumped to Rs1,99,375.30cr from Rs1,47,676.04cr yoy.
• DLF: The company reported lower profit at Rs379.5cr in Q3FY22 against Rs449cr in Q3FY21, revenue increased to Rs1,549.7cr from Rs1,543cr yoy.
• Tech Mahindra will announce its quarterly results on Tuesday.
• Tata Motors: The company posted consolidated loss of Rs1,516cr in Q3FY22 against profit of Rs2,906.5cr in Q3FY21, revenue fell to Rs72,229.3cr from Rs75,653.8cr yoy.
• KEC International: The company recorded lower consolidated profit at Rs93.61cr in Q3FY22 against Rs145.07cr in Q3FY21, revenue rose to Rs3,340cr from Rs3,289.2cr yoy.