Stock market news that you should not miss today

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

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

• Markets to open on a flat note; support @11,127, resistance at 11,300.
• FIIs bought shares worth Rs637.43cr (cash), sold Rs468cr in index futures.
• US markets close with gains; Asian markets opened in the red.
• Oil trades marginally higher at 45.23 USD/bbl.
• Lupin signed exclusive distribution pact with ForDoz Pharma for two complex injectable assets under development in the US.
• Jubilant FoodWorks announced that it has forayed into the FMCG category with a range of ready to cook sauces, gravies and pastes.
• HPCL: Q1FY20 profit at Rs2,813.8cr, revenue at Rs37,721cr vs. Rs66,154.8cr qoq .
• Mahindra & Mahindra and Cipla will annouce their financial results today.
• Welspun Corp board has approved listing of Welspun Middle East Pipes in the local stock exchange at Saudi Arabia.
• Wipro has collaborated with Intel to enable Wipro’s digital workspace solution with the Intel platform
• NIIT: SBI MF decreased stake from 5.94% to 3.81% in the company on Aug. 5.
• Shriram Transport Finance: Board approved allotment of 2.62 crore shares at issue price of Rs 570 per share, which is at a discount of 14% to closing prices as on Aug. 6.
• Deepak Nitrite’s arm Deepak Phenolics is expanding its capacity of production of lsopropyl Alcohol at its manufacturing facitity situated at Dahej, Gujarat from 30,000 to to 60,000 tons per annum.
• PNB Housing Finance has appointed Hardayal Prasad as MD and CEO till Aug. 2023.
• Minda Industries: Board to meet on Aug.11 to discuss details about the rights issue.
• MCX has clarified that it has not entered any discussion with 63 Moons Technologies for development of any direct market access system.
• Prince Pipes and Fittings has entered into a technical collaboration with Tooling Holland BV, a global player in the international plastic injection moulding industry based in The Netherlands.
• Alembic Pharma: Board closed the QIP issue at a price of Rs 932 per share, which was at a discount of 4.97% to the floor price and discount of 14% to the closing prices as on Aug.6.