Stock market news that you should not miss today

22 Apr 2022 , 07:46 AM

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

• Markets to open on a negative note; support @17,150, resistance at 17,500.
• FIIs have sold shares worth Rs713.69 crore (cash) and bought Rs2823.43 crore in index futures.
• US markets saw a sharp selloff after 3 days of superb gains. Asian markets are trading lower.
• Brent crude was trading 1.08% down at $107.25 per barrel.
• Tata Communications recorded a profit in Q4FY22 which grew by 23.2 per cent YoY to Rs369 crore on higher other income. The board has recommended a dividend of Rs20.7 per share for the year, as a result of the company reporting strong profitability.
• HCL Technologies recorded a 4.4 per cent sequential growth in profit at Rs3,593 crore and 1.2 per cent QoQ growth in revenue at Rs22,597 crore. The dollar revenue growth was half a percent QoQ at $2,993 million and revenue in constant currency showed a 1.1 per cent increase QoQ.
• ICICI Lombard General Insurance Company reported a 9.6 per cent year-on-year decline in profit at Rs312.5 crore, but net premium earned during the quarter jumped 27 per cent to Rs3,318 crore.
• TVS Motor Company announced an additional investment of 100 million pound in Norton Motorcycle, Britain’s most iconic sporting motorcycle brand. Norton Motorcycle was acquired in April 2020.
• RailTel Corporation of India has received a work order worth Rs29.75 crore from National Informatics Centre Services. National Informatics Centre Services was incorporated in relation to assignment of work of immigration visa and foreigner registration & tracking.
• JSW Energy subsidiary JSW Neo Energy (JSWNEL) is going to set up 1,500 MW capacity of hydro pumped storage project (PSPs) – Komoram Bheem Pumped Storage Project, in Telangana.
• L&T Technology Services clocked 5.3 per cent sequential growth in profit at Rs262 crore on better EBIT that grew by 4.1 per cent with flat margin at 18.6 percent QoQ.
• Results today: Aditya Birla Money, Hindustan Zinc, Sundram Fasteners, Tata Metaliks, Tejas Networks, MMTC, Wendt (India), Bhakti Gems and Jewellery, Eiko Lifesciences, Jhandewalas Foods, Khaitan Chemicals & Fertilizers, Quest Capital Markets, RS Software India, and Sharad Fibres & Yarn Processors.