Wednesday, August 5, 2020

stock market news to watch out for today.

Here is the important stock market news to watch out for today.As Per IIFL News
  • Markets to open on a flat note; support @11,000, resistance at 11,200.
  • FIIs bought shares worth Rs703.74cr (cash), sold Rs665.69cr in index futures.
  • US Indices close with gains; Asian markets opened mixed.
  • Oil trades marginally lower at 44.38 USD/bbl.
  • Axis Bank has launched QIP Issue at Rs442.19/share which is at a premium of 3% to the closing prices on Aug. 4. The issue opened on Aug. 4.
  • Tata Consumer Products Q1 profit at Rs327.6cr vs. Rs173.7cr; revenue at Rs2,713.9cr vs. Rs2,392.4cr yoy.
  • Unichem Laboratories revenue up 16.1% at Rs317.3cr and Net profit at Rs7cr.
  • Info Edge has launched QIP Issue at Rs3,177.18/share which is at a discount of 0.3% to the closing prices on Aug. 4. The issue opened on Aug. 4.
  • SAIL's July steel sales up 50% at 1.58 million tons.
  • Maruti Suzuki’s chairman R.C. Bhargava said that second half sales of fiscal will be near last year’s levels.
  • Sun Pharma Advanced Research stated that as on June 30, company’s current liabilities exceed current assets and it is in the process of raising funds for its operations.
  • Adani Ports & SEZ has raised $750 million via unsecured notes.
  • LIC increased stake in Yes Bank from 0.76% to 4.99% from Sept. 2017 till July 31.
  • Dixon Tech’s management stated in a concall that due to the announcement of moving to the import of television sets on restricted list, the company will further expand its capacity for LED TVs to 5.5 million units during the next 6 months.
  • SRF stated it has capitalized and commissioned its BOPET film line in Hungary by its European arm for Euro 80 million.
  • Havells to issue commercial papers worth Rs300cr to ICICI Bank and Rs200cr to ICICI Prudential Money Market Fund.
  • HPCL issued NCDs worth Rs1,200cr on a private placement basis.
  • SH Kelkar, on July 28, has completed acquisition Italy’s Creative Flavours and Fragrance for a total investment of Rs223cr.
  • Astral Poly Technik Board appointed existing Managing Director, Sandeep Engineer as the new chairman with effect from Aug. 25.

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