Stock market news that you should not miss today

3 Feb 2022 , 07:55 AM

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

• Markets to open on a negative note; support @17,400, resistance at 17,900.
• FIIs sold shares worth Rs183.6cr (cash), bought Rs425.96cr in index futures.
• US markets closed higher. Asian Markets opened in the red.
• Brent crude was trading 0.50% lower at $89.02 per barrel.
• Zee Entertainment Enterprises: The company reported lower consolidated profit at Rs298.98cr in Q3FY22 against Rs398.01cr in Q3FY21, revenue fell to Rs2,130.44cr from Rs2,756.93cr yoy.
• Tata Consumer Products: The company reported a higher consolidated profit at Rs265.05cr in Q3FY22 against Rs218.17cr in Q3FY21, revenue jumped to Rs3,208.38cr from Rs3,069.56cr yoy.
• Triveni Engineering & Industries: The company clocked consolidated profit of Rs130.12cr in Q3FY22 against Rs94.66cr in Q3FY21, revenue rose to Rs1,235.44cr from Rs1,123.08cr yoy.
• Timken India: The company reported sharply higher profit at Rs69.8cr in Q3FY22 against Rs37.2cr in Q3FY21, revenue jumped to Rs510cr from Rs383cr yoy.
• Punjab National Bank: HSBC Insurance (Asia Pacific) Holdings to acquire bank’s stake in Canara HSBC OBC Life Insurance Company.
• Apollo Tyres: The company reported lower consolidated profit at Rs223.54cr in Q3FY22 against Rs443.8cr in Q3FY21, revenue jumped to Rs5,707.47cr from Rs5,194.66cr yoy.
• Cupid: The company has received an allocation for 2022-2023 from the South African Government for supply of male condoms worth Rs31.94cr and female condoms worth Rs68.70cr.
• Bharat Dynamics: The company signed contract worth Rs3,131.82cr, for supply of Konkurs-M anti-tank missiles to Indian Army.