Stock market news that you should not miss today

11 Jan 2022 , 07:45 AM

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

• Markets to open on a positive note; support @17,650, resistance at 18,200.
• FIIs sold shares worth Rs124.23cr (cash), bought Rs481.55cr in index futures.
• US markets end mixed. Asian Markets opened lower.
• Brent crude was trading 0.26% higher at $81.06 per barrel.
• Karur Vysya Bank: Customers of KVB can now remit their customs duty payment online through the ‘ICEGATE’ portal of the Central Board for Indirect Taxes and Customs (CBIC). CBIC had earlier approved the inclusion of the Bank as one of the authorized bankers for the collection of taxes.
• Antony Waste Handling Cell: Total Operating Revenue (tipping revenue from C&T, Mechanical Power Sweeping, and Waste Processing) for Q3FY22 has improved by approximately 22% yoy, and on a sequential basis, has remained stable.
• Unichem Laboratories: Porinju Veliyath-owned Equity Intelligence India Pvt Ltd acquired 54,850 equity shares in the company via open market transactions, increasing shareholding to 5.01% from 4.93% earlier.
• Indo Count Industries: ICRA has upgraded credit rating for the company’s long term bank facilities and reaffirmed credit rating for the short term bank facilities.
• One 97 Communications (Paytm): Number of loans disbursed through its platform increased by 401% yoy to 0.44 crore loans in Q3FY22. In Q3FY22, the value of loans disbursed through platform was Rs2,180cr (run-rate of $1.2 billion), an increase of 365% yoy. The company has seen stellar growth in each of the lending products, i.e. Paytm Postpaid (Buy-Now-Pay-Later), Personal Loans and Merchant Loans.
• Gravita India: The company approved fund raising of Rs300cr.