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Market Opening - An Overview
SGX Nifty futures were trading 1.01% lower at 17790, signalling Dalal Street was headed for a negative start.
Asian shares were trading lower tracking the US markets after the Fed took a hawkish stance and hinted in its minutes that it would raise interest rates sooner to fight inflation. Japan’s Nikkei plunged 2.07% and Topix fell 1.39%. Hang Seng dropped 0.61% and CSI 300 lost 1.38%.
Indian rupee rose 19 paise to 74.36 against the US dollar on Wednesday.
FII/DII Trading Data on Wednesday (05-01-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 7610.53 | 7273.7 | 336.83 |
| DII | 7001.1 | 5729.15 | 1271.95 |
| *All numbers are in INR crore | |||
Stocks in News Today
HDFC Bank: The private sector lender has sold Rs 2,188 crore of distressed retail loans to asset reconstruction companies (ARCs) in the last three quarters with the aim to clean its book, said people aware of the matter, according to a news report by Economic Times. The retail pool consisted mainly of personal and vehicle loans, the sources said.
RBL Bank: The lender said its gross advances grew 5% year-on-year to Rs 59,941 crore as of December 31, 2021. On a sequential basis, the gross advances jumped 3.5% from Rs 57,939 crore at the end of September 30, 2021, RBL Bank said in a regulatory filing. The retail to wholesale advances ratio stood at about 53:47.
Coal India Limited: The company said that it has incurred a capital expenditure of Rs 10,717 crore in the April-December period of FY22, a 37.4% year-on-year rise. The capex during April-December period of the last fiscal was at Rs 7,801 crore, according to a company statement. CIL’s capex expenditure during the referred period marks 86.3% of the progressive target achievement.
Motherson Sumi: The company has set January 17, 2022 as the record date for the demerger of its wiring business. The shareholders will get 1 equity share of Motherson Sumi Wiring India for every share of Motherson Sumi that they hold.
NHPC: Promoters Agreement has been signed between NHPC and Green Energy Development Corporation of Odisha (GEDCOL) for the formation of a joint venture company for the development of 500 MW floating solar power projects in various water reservoirs in Odisha.
Vedanta: The aluminium business of mining major has entered into a pact with GEAR India to deploy one of the largest fleets of lithium-ion battery-powered electric forklifts in the country. The company will commission 23 such forklifts in a phased manner over the next few months at its aluminium smelter in Jharsuguda, Odisha.
Colgate-Palmolive India: The oral care company said it has initiated talks with distributors who are boycotting some of its products in Maharashtra and a few other states over issues of price disparity between the traditional distributors and organized business-to-business channel.
Spandana Sphoorty Financial: The microfinance company announced its financial results with a delay and posted a consolidated loss of Rs 57.94 crore for the second quarter ended September 2021. The company had posted a net profit of Rs 66.76 crore in the year-ago period.