Stock market news that you should not miss today

21 Apr 2022 , 08:10 AM

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

• Markets to open on a positive note; support @16800, resistance at 17,400.
• FIIs have sold shares worth Rs3009.26 crore (cash) and bought Rs2645.82 crore in index futures.
• US markets close mixed. Asian markets are trading higher.
• Brent crude was trading 1.34% up at $108.14 per barrel.
• Tata Elxsi clocked 39 percent year-on-year growth in Q4FY22 profit at Rs 160 crore on healthy growth in revenue that increased 31.5 percent YoY to Rs 682 crore backed by strong double-digit growth in transportation, media and communications, and healthcare segments. EBITDA grew by 32 percent YoY to Rs 221.2 crore in the March quarter.
• Kotak Mahindra Mutual Fund bought additional 21,566 equity shares in Persistent Systems via open market transactions on April 18. With this, Kotak MF’s shareholding in the company stands increased to 5 percent, up from 4.97 percent earlier.
• Infosys has completed the acquisition of Germany-based digital experience and marketing agency, oddity.
• Ambalal Sarabhai Enterprises said that CoSara Diagnostics got permission to manufacture and sell its SARAQ Hepatitis C (HCV) viral load kit as an in vitro diagnostic (IVD) from Central Drugs Standard Control Organisation. CoSara is a joint venture of a subsidiary of Ambalal Sarabhai Enterprises, and Co-Diagnostics, Inc, USA.
• Everest Kanto Cylinder subsidiary EKC International FZE (Dubai) has entered into a joint venture agreement with Dr. Mohamed Saad Eldin. The company intends to become the market leader in CNG cylinder manufacturing in the Middle East and North Africa (MENA) region by 2026 leveraging on the strong track record and the know-how of EKC International Dubai and the high potential in the Egyptian and African markets.
• Atul Auto joined hands with Valeo and Honda Power Pack Energy India for electric vehicles with battery swapping solutions. Subsidiary Atul Greentech (AGPL), engaged in designing and developing innovative solutions for last-mile electric mobility for domestic and export markets, would launch the e-vehicle after the successful completion of field trials.
• Results today: HCL Technologies, Nestle India, ICICI Lombard General Insurance Company, L&T Technology Services, Tata Communications, CRISIL, Cyient, Rallis India, Sasken Technologies, Shiva Cement, Betala Global Securities, Rajratan Global Wire, Roni Households, Shukra Jewellers, S&T Corporation, and Trident Texofab.