Stock market news that you should not miss today

9 Feb 2022 , 07:35 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 17,700.
• FIIs sold shares worth Rs1967.89cr (cash), bought Rs1115.00cr in index futures.
• US markets closed with gains. Asian Markets opened in the green.
• Brent crude was trading 0.30% higher at $91.05 per barrel.
• Bharti Airtel: The company reported a lower profit at Rs829.6cr in Q3FY22 against Rs1,134cr in Q2FY22, revenue increased to Rs29,866.6cr from Rs28,326.4cr qoq.
• Vedanta: The company completed a reorganization review and concluded that the current structure is optimal. It also announced the Capital Allocation policy.
• Jindal Steel & Power: The company posted lower profit at Rs1,621.68cr in Q3FY22 against Rs2,439.89cr in Q3FY21, revenue increased to Rs12,524.86cr from Rs9,280.54cr yoy.
• Lupin: The company has received approval from US FDA for the Arformoterol Tartrate inhalation solution.
• Power Grid Corporation of India will announce its quarterly earnings on Wednesday.
• Bata India: The company recorded sharply higher profit at Rs72.32cr in Q3FY22 against Rs26.4cr in Q3FY21, revenue surged to Rs841.3cr from Rs615.6cr yoy.
• Latent View Analytics: The company recorded profit of Rs49.92cr in Q3FY22 against profit of Rs22.45cr in Q3FY21, revenue spiked to Rs107.75cr from Rs78.25cr yoy.
• Data Patterns (India): The company clocked profit of Rs8.96cr in Q3FY22 against loss of Rs4.4cr in Q3FY21, revenue nearly doubled to Rs43.84cr from Rs22.41cr yoy.
• IRCTC: The company posted a sharp rise in net profit at Rs208.8cr in Q3FY22 against Rs78.08cr in Q3FY21, revenue more than doubled to Rs540.21cr from Rs224.37cr yoy.