Stock market news that you should not miss today

4 Feb 2022 , 07:57 AM

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

• Markets to open on a flat note; support @17,400, resistance at 17,800.
• FIIs sold shares worth Rs1597.54cr (cash), sold Rs370.58cr in index futures.
• US markets closed lower after Meta Platforms falls. Asian Markets opened mixed.
• Brent crude was trading 0.44% higher at $91.55 per barrel.
• ITC reported a sharply higher profit of Rs 4,156.20 crore in Q3FY22 against Rs 3,687.88 crore in Q3FY21, revenue climbed to Rs 15,862.32 crore, from Rs 11,969 crore YoY.
• OnMobile Global partnered with Dialog to launch the first mobile cloud gaming platform in Sri Lanka.
• Serum Institute of India sold 3.58 lakh equity shares in Panacea Biotec at Rs 278.15 per share on the NSE, the bulk deals data showed.
• India Pesticides reported higher consolidated profit at Rs 43.17 crore in Q3FY22 against Rs 42.08 crore in Q2FY22, revenue jumped to Rs 190.03 crore from Rs 178.47 crore QoQ.
• EIH reported a consolidated profit at Rs 40.8 crore in Q3FY22 against loss of Rs 55.78 crore in Q3FY21, revenue jumped to Rs 365.38 crore from Rs 179.16 crore YoY.
• Adani Power recorded profit at Rs 218.5 crore in Q3FY22 against loss of Rs 288.7 crore in Q3FY21, revenue fell to Rs 5,360.9 crore from Rs 6,894.8 crore YoY.
• Suryoday Small Finance Bank posted higher profit at Rs 4.72 crore in Q3FY22 against Rs 1.04 crore in Q3FY21, revenue rose to Rs 273.21 crore from Rs 234.46 crore YoY.
• 7NR Retail board of directors of the company, on February 19, to consider proposal of split of stock.
• SIS reported higher profit at Rs 100.6 crore in Q3FY22 against Rs 99 crore in Q3FY21, revenue jumped to Rs 2,600.8 crore from Rs 2,357.5 crore YoY.