Stocks in news: Wipro, Tata Tele, Cyient, HCC, Balkrishna Ind

Ratnamani Metals Q2-Net profit down 13.9 percent at Rs 28.5 crore versus Rs 33.1 crore (YoY)-Total income down 23.8 percent at Rs 336 crore versus Rs 441.2 crore (YoY)-EBITDA down 11.1 percent at Rs 51.8 crore versus Rs 58.3 crore (YoY)-EBITDA margin at 15.4 percent versus 13.2 percent (YoY)

OPEC says-Will reduce production by 1.2 million bpd (barrels per day) from January 1-Indonesia could not participate in deal as they are a net importer-Considered all factors, need for catalysing supply-demand process-Kuwait, Venezuela, Algeria to monitor compliance of OPEC agreement-Independent sources to be used for OPEC production figures-To meet on May 25 to review deal, may extend deal for 6 more months-Deal to be re-evaluated after 6 monthsIran oil minister Bijan Zanganeh says-OPEC likely to meet non-OPEC members next week-Iran allowed to increase oil production on averageQatar energy minister Mohammed bin Saleh al-Sada says-OPEC decision was unanimous-Russia has committed to reduce production by 300,000 bpd

Other stocks and sectors that are in news today:-Lupin's Swiss arm gets US FDA nod for Antara capsules (used to treat cholesterol issues)-Jet fuel prices cut by 3.7 percent (Rs 1,881) to Rs 48,379/kL in Delhi (Jet Airways, SpiceJet, InterGlobe Aviation in focus)-IOC hikes petrol prices by 13 paise per litre; cuts diesel by 12 paise per litre-Ambika Cotton Mills opens buy back today-Sunil Hitech's ex-date for bonus issue today-Reliance Communications - Moody's downgrades rating from Ba3 to B1-Birla Cable - CARE upgrades long term rating from A+ to AA- and short term rating from A1 to A1+-Vindhya Telelink - CARE upgrades long term rating from A+ to AA- and short term rating from A1 to A1+-HCC to get 75 percent arbitral award amount of around Rs 2,000 crore in 4-6 weeks-RBI approves RBL Bank's opening of international financial services centre at GIFT city-State Bank of Travancore revised MCLR (marginal cost of funds based lending rate) for various tenors starting from 8.85 percent to 9.6 percent-PNB cuts MCLR rate up to 10bps across all tenors starting from 8.9 percent to 9.45 percent-South Indian Bank revised MCLR for various tenors starting from 9 percent to 9.8 percent-Wipro signed agreement for sale of EcoEnergy division for USD 70 million to Chubb Alba Control Systems-Varun Beverages board meeting on December 3 to consider redemption of non-convertible debentures (NCDs)-Captain Polyplast board meeting on December 9 to consider listing on NSE-L&T Infotech completed 100 percent acquisition of AugmentlQ Data Sciences-Cyient signs pact to acquire 100 percent stake in UK-based Blom Aerofilms-Tata Metaliks commenced shutdown to modernise and expand the Mini Blast Furnace #1-Kallam Spinning Mills approved stock split from Rs 10 to Rs 2 per share-Vedanta approved issue of NCDs worth Rs 200 crore-Tata Teleservices in focus - Tata-Docomo deal illegal, RBI may tell HC: ET