Stock market news that you should not miss today

18 Apr 2022 , 08:15 AM

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

• Markets to open on a negative note; support @17,200, resistance at 17,750.
• FIIs on Wednesday has sold shares worth Rs2061.04 crore (cash) and bought Rs1410.85 crore in index futures.
• US markets close lower on Friday as the consumer price index. Asian markets trading in the red.
• Brent crude was trading 0.80% up at $ 112.50 per barrel.
• HDFC Bank’s profit in Q4 grew 22.8 per cent to Rs10,055.2 crore YoY as provisions declined 29.4 per cent in the same period.
• Infosys recorded lower-than-expected earnings growth in March 2022 quarter, with profit falling 2.1 per cent sequentially to Rs5,686 crore on lower-than-expected revenue growth (up 1.3 per cent QoQ) and a fall in operating margin, and dollar revenue growth of seven-tenth of a per cent QoQ at $4,280 million.
• Windlas Biotech received a certificate of good manufacturing practices (GMP) from the South African Health Products Regulatory Authority.
• UltraTech Cement UAE subsidiary, UltraTech Cement Middle East Investments (UCMEIL), has picked up a 29.39 percent stake in RAK Cement Company for White Cement and Construction Materials PSC (RAKWCT), a listed entity on Abu Dhabi and Kuwait stock exchanges.
• Alkem Laboratories Taloja unit has been cleared by the US health regulator as the unit has not received “Form 483” after inspection.
• BlackRock Real Assets, together with Mubadala, will invest Rs4,000 crore ($525 million) for a 10.53 percent stake in Tata Power’s subsidiary Tata Power Renewables.
• Mahindra & Mahindra has hiked the price of its vehicles by 2.5 per cent. The price revision is a result of a continuous increase in prices of key commodities such as steel, aluminium and palladium.
• Jubilant Ingrevia has received CDMO contract worth Rs270 crore in specialty chemicals business from an “international customer”.
• Results today: Mindtree, Star Housing Finance, Earum Pharmaceuticals, DRC Systems India, Mishtann Foods, Ramsarup Industries, Sheetal Cool Products, SE Power, SM Gold, and Swiss Military Consumer Goods.