Stock market news that you should not miss today as per IIFL

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

As per India Infoline News Service

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

• Markets to open on a flat to a positive note ahead of RBI policy; support @11,064, resistance at 11,225.
• FIIs sold shares worth Rs60.18cr (cash), sold Rs425.98cr in index futures.
• US Indices close with gains; Asian markets opened in the green.
• Oil trades marginally higher at 45.23 USD/bbl.
• HDFC has launched QIP issue at a floor price of Rs1,838.94/share
• Apollo Tyres Board approved issue of NCDs worth Rs1,000cr to issue convertible preference shares up to Rs540cr to Emerald Sage Investment.
• Adani Gas CEO Suresh Manglani said that the Total-Adani Gas venture will apply for India’s fuel retail licensing in company’s conference call.
• Lupin on Wednesday launched its Favipiravir in India under the brand name Covihalt for the treatment of mild to moderate COVID-19. It will annouce its quarterly results today.
• HPCL and Vodafone Idea are slated to announce their June quarter earnings on Thursday.
• Vivimed Labs received an export order for the supply of 'Favulous' tablets 200 mg (Favipiravir) that is used for the treatment of mild to moderate cases of COVID-19.
• Birlasoft appointed Chandrasekar Thyagarajan as Chief Financial Officer.
• Xchanging Solutions to meet on Aug.13 to consider delisting offer.
• Inox Leisure Board has approved the enabling resolution for fund raising up to Rs250cr through the issuance of equity shares/other securities.
• National Fertilizers Q1FY21 sales up 20% at 18.79 lakh MT,Urea sales up 17% at 15.87 lakh MT.
• VIP Industries Board approved issue of NCDs worth Rs50cr on a private placement basis.
• Cera Sanitaryware to discontinue its business operations of its Dubai arm.
• Alkem Laboratories has launched Favipiravir under the brand name “Alfluenza”.
• GOCL Corporation Board approved to seek shareholders nod for raising of further capital/ resources in the form of debt, convertible debt or equity by way of various means such as QIPs, issue of ADRs/GDRs, etc up to $150 million.
• RBI has given in-principle approval to South Indian Bank for setting up of a wholly owned non-financial arm for undertaking activities permitted by RBI.
• India Ratings and Research has upgraded Eveready Industries’ long term credit ratings to ‘IND BB+’ from ‘IND BB’.
• InterGlobe Aviation to consider raising funds on Aug.10