Stock market news that you should not miss today

10 Feb 2022 , 07:40 AM

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

• Markets to open on a flat to negative note; support @17,200, resistance at 17,800.
• FIIs sold shares worth Rs892.64cr (cash), bought Rs1793.35cr in index futures.
• US markets closed with gains. Asian Markets opened in the green.
• Brent crude was trading 0.03% lower at $91.52 per barrel.
• Tata Power Company: The company reported a sharply higher profit at Rs551.8cr in Q3FY22 against Rs318cr in Q3FY21, revenue jumped to Rs10,913.4cr from Rs7,597.9cr yoy.
• Power Grid Corporation of India: The company reported lower profit at Rs3,292.9cr in Q3FY22 against Rs3,367.7cr in Q3FY21, revenue rose to Rs10,446.8cr from Rs10,142.4cr yoy.
• Nykaa: The company recorded a steep decline in profit at Rs27.9cr in Q3FY22 against Rs68.9cr in Q3FY21, revenue climbed to Rs1,098.3cr from Rs807.9cr yoy.
• Aurobindo Pharma: The company reported a sharply lower profit at Rs604.2cr in Q3FY22 against Rs2,947.9cr in Q3FY21, revenue declined to Rs6,002.2cr from Rs6,364.9cr yoy.
• Auto stocks are in focus as Hero MotoCorp, Mahindra & Mahindra and Bharat Forge will announce their quarterly earnings today.
• ACC reported lower profit at Rs280.9cr in Q4CY21 against Rs472.4cr in Q4CY20, revenue rose to Rs4,225.8cr from Rs4,144.7cr yoy.
• Engineers India: The company reported lower profit at Rs40.6cr in Q3FY22 against Rs88cr in Q3FY21, revenue declined to Rs692.1cr from Rs845.4cr yoy.
• Petronet LNG: The company clocked strong profit growth, rising to Rs1,143.5cr in Q3FY22 against Rs823cr in Q2FY22, revenue jumped to Rs12,597.2cr from Rs10,813cr qoq.