Stock market news that you should not miss today

6 Jan 2022 , 07:40 AM

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

• Markets to open on a negative note; support @17,900, resistance at 18,050.
• FIIs bought shares worth Rs336.83cr (cash), bought Rs1271.95cr in index futures.
• US markets closed lower. Asian Markets opened weak.
• Brent crude was trading 1.11% lower at $79.90 per barrel.
• RBL Bank Q3FY22: Retail advances were flat while wholesale advances grew 8% sequentially for the quarter ended December 31, 2021. The mix of retail: wholesale advances was approx. 53:47.
• NHPC: Promoters Agreement has been signed between NHPC and Green Energy Development Corporation of Odisha (GEDCOL) for the formation of a joint venture company for the development of 500 MW floating solar power projects in various water reservoirs in Odisha.
• GAIL: The company has acquired a 26% stake in ONGC Tripura Power Company (OTPC). OTPC owns and operates a 726.6 MW gas-based combined cycle power plant in Palatana, Tripura.
• Mahanagar Gas: Life Insurance Corporation of India acquired a 2% stake in the company via open market transactions, increasing shareholding to 7.01% from 5% earlier.
• Gautam Gems: The company on January 13 will consider the Right Issue of equity shares, along with unaudited financial results for the quarter ended on December 31, 2021.
• Palm Jewels: The company on January 13 will consider the Right Issue of equity shares, along with unaudited financial results for the quarter ended on December 31, 2021.