Stock market news that you should not miss today

10 Jan 2022 , 07:50 AM

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

• Markets to open on a flat to positive note; support @17,550, resistance at 18,100.
• FIIs bought shares worth Rs496.27cr (cash), sold Rs115.66cr in index futures.
• US markets end lower. Asian Markets opened mixed.
• Brent crude was trading 0.09% higher at $81.82 per barrel.
• Tata Steel: The company increased its stake in Medica TS Hospital (MTSHPL), a joint venture company, from 26% to 51%.
• Gulshan Polyols: The company has received, signed, and executed a Long Term Offtake Agreement, for setting up of upcoming standalone dedicated ethanol plant of 250 KLPD at Industrial Growth Centre, Matia, Goalpara, and 500 KLPD (kiloliters per day) at MPAKVN Industrial Area, Borgaon, Madhya Pradesh.
• Dilip Buildcon: Subsidiary Sannur Bikarnakette Highways Private Limited has received the financial closure letter from the National Highways Authority of India, for four Laning of Sannur to Bikarnakette section of NH-769 under Bharathmala Pariyojana on Hybrid Annuity Mode in Karnataka.
• Sobha: The company reported sales volume of 13,22,684 square feet of super built-up area valued at Rs1,047.5cr in Q3FY22, up from sales volume of 11,33,574 square feet of super built-up area valued at Rs887.6cr in Q3FY21. Sobha share of sale value stood at Rs908.2cr during the quarter, up from Rs677.7cr in same quarter last year.
• Cyient: Aditya Birla Sun Life AMC sold 21.16 lakh equity shares in the company via open market transactions on January 6, reducing shareholding to 33.93 lakh shares from 56.1 lakh shares earlier.
• Avenue Supermarts: The company reported 24.6% higher standalone profit at Rs586cr, and 22% higher revenue at Rs9,065cr in Q3FY22, yoy.
• CSB Bank: C VR Rajendran decided to take early retirement from the post of MD & CEO and to continue leading the bank till March 31, 2022.