Stock market news that you should not miss today

7 Feb 2022 , 07:50 AM

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

• Markets to open on a flat to negative note; support @17,300, resistance at 17,800.
• FIIs sold shares worth Rs2267.86cr (cash), bought Rs621.98cr in index futures.
• US markets closed mixed. Asian Markets opened mixed.
• Brent crude was trading 0.55% higher at $93.78 per barrel.
• City Union Bank: The bank reported higher profit at Rs196.11cr in Q3FY22 against Rs169.93cr in Q3FY21, net interest income rose to Rs489.97cr from Rs489.05cr yoy.
• State Bank of India (SBI): The Bank reported a 62.26% yoy rise in standalone net profit at Rs8,431.88cr compared with Rs5,196.22cr in the corresponding quarter last year. Net interest income rose 6.48% yoy to Rs30,687cr from Rs28,820cr.
• Minda Corporation: The company reported higher profit at Rs69.9cr in Q3FY22 against Rs49.5cr in Q3FY21, revenue fell to Rs738.3cr from Rs739.8cr yoy.
• Shree Cement: The company reported a lower profit at Rs482.70cr in Q3FY22 against Rs631.58cr in Q3FY21, revenue rose to Rs3,637.11cr from Rs3,557.21cr yoy.
• Tata Steel: The company reported sharply higher profit at Rs9,572.67cr in Q3FY22 against Rs3,697.22cr in Q3FY21, revenue jumped to Rs60,783.11cr from Rs41,935.21cr yoy.
• CMS Info Systems: The company clocked strong profit at Rs60.24cr in Q3FY22 against Rs40.7cr in Q3FY21, revenue climbed to Rs403.65cr from Rs332.53cr yoy.
• InterGlobe Aviation: The company recorded profit at Rs129.78cr in Q3FY22 against loss of Rs620.14cr in Q3FY21, revenue jumped to Rs9,294.77cr from Rs4,909.98cr yoy.
• Cipla: Kedar Upadhye has resigned from the position of Global Chief Financial Officer of the company to pursue his professional aspirations beyond pharmaceutical and healthcare sector.
• FDC: The company on February 9, will consider the proposal for buyback of shares.