Stock market news that you should not miss today

12 Jan 2022 , 07:35 AM

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

• Markets to open on a positive note; support @17,750, resistance at 18,250.
• FIIs bought shares worth Rs111.91cr (cash), bought Rs378.74cr in index futures.
• US markets end higher. Asian Markets opened in the green.
• Brent crude was trading 0.12% higher at $83.82 per barrel.
• Hindalco: Novelis to Build $365 Million Recycling Center to Support North American Automotive Customers and Reduce Carbon Emissions by More Than One Million Tons a Year.
• Mahindra & Mahindra: A consortium led by South Korean Electric Busmaker Edison Motors Co has agreed to acquire the debt-ridden SYMC for 304.858 billion won (equivalent to approx. USD 254.65 million or Rs1,882cr) through a primary equity investment in SYMC. The Court has also approved SYMC and Edison Motors signing a merger and acquisition (M&A) investment contract.
• DLF has clocked sales worth approximately 1500 crores for towers in the first phase of the newly launched luxury residential project, ONE Midtown.
• RITES signed a memorandum of understanding (MoU) with SMEC Group to cooperate and explore infrastructure projects.
• Ultratech Cement announced the commissioning of Line II of the Bara Grinding Unit in Uttar Pradesh, India, having cement capacity of 2 mtpa. Line I was earlier commissioned in January, 2020 and is already operating at a capacity utilisation in excess of 80%.
• Federal Bank: The Board of Directors of Fedbank Financial Services Limited (“FedFina”), a subsidiary of our Bank has approved initiating the process of an initial public offering (“IPO”) by way of fresh issue and offer for sale, subject to market conditions, receipt of applicable approvals including that of Securities and Exchange Board of India (“SEBI”) and other considerations.
• Securekloud Tech: Healthcare Triangle Announces the Appointment of Sanjay Dalwani as Chief Revenue Officer.
• KPI Global Infrastructure: The company has successfully commissioned 2.964 MWdc solar power project below mentioned clients under ‘Captive Power Producer (CPP)’ Segment.