Stock market news that you should not miss today

17 Feb 2022 , 07:42 AM

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

• Markets to open on a muted note; support @17,000, resistance at 17,600.
• FIIs sold shares worth Rs1890.96cr (cash), bought Rs1180.14cr in index futures.
• US markets closed lower. Asian Markets opened muted.
• Brent crude was trading 2.24% lower at $92.69 per barrel.
• Kalpataru Power Transmission: The company on February 19 will consider the proposal for reorganization.
• Tata Consultancy Services: The company announced a partnership with MATRIXX Software to offer a comprehensive next-gen subscription management platform for communication service providers.
• Wipro: The company received a five-year contract to drive transformation for ABB’s information systems digital workplace services. The agreement, worth over $150 million, will help ABB’s information systems deliver enhanced, consumer-grade digital experiences for its 1,05,000 employees in over 100 countries.
• Infosys: The company has been named a foundational partner for the launch of Google Cloud Cortex Framework. Infosys will help clients accelerate digital transformation and power new business capabilities with its market-leading data, analytics and AI expertise. The company will take advantage of Google Cloud Cortex Framework, along with its strong experience in SAP and Google Cloud ecosystems, to deliver better business outcomes.
• Best Agrolife: Subsidiary Best Crop Science (previously known as Best Crop Science LLP) has received a licence for indigenous manufacturing of spiromesifen technical, from Central Insecticides Board and Registration Committee.
• Southern Petrochemicals: Consolidated profit of the company in Q3FY22 grew significantly by 832% yoy to Rs59.6 crore compared to Rs6.4 crore in Q3FY21. Consolidated revenue grew by 15% to Rs492 crore from Rs427 crore during the same period.
• Compuage Infocom: The company received approval from the board of directors for fundraising up to Rs50 crore through a rights issue.