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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.82 per cent lower at 17651.50 signalling that Dalal Street is likely to open gap-down on Friday.
Asian shares were trading lower following a negative lead on Wall Street amid lingering worries over rising global inflation and tension between the US and Russia. Nikkei 225 fell 1.43%, Topix dropped 1%, Hang Seng was little changed and CSI 300 was down 0.51%.
Indian rupee fell 8 paise to 74.50 against the US dollar on Thursday.
Upcoming Earnings
Reliance Industries, HDFC Life Insurance Company, SBI Life Insurance Company, JSW Steel, Hindustan Zinc, IDBI Bank, Vodafone Idea, Bandhan Bank, CSB Bank, California Software, Elixir Capital, Gland Pharma, Gokaldas Exports, Heritage Foods, Inox Leisure, Jyothy Labs, Kajaria Ceramics, L&T Finance Holdings, Max Ventures and Industries, Oriental Aromatics, Pioneer Distilleries, PNB Gilts, Polycab India, PVR, Ramco Industries, RattanIndia Power, Supriya Lifescience, Tanla Platforms and Vinyl Chemicals
FII/DII Trading Data (20-01-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 7974.39 | 12654.23 | (4679.84) |
| DII | 6385.75 | 5616.49 | 769.26 |
| *All numbers are in INR crore | |||
Stocks in News Today
Hindustan Unilever Ltd (HUL): The FMCG major said its standalone net profit for the quarter ended December rose 16.76 per cent year-on-year (YoY) to Rs 2,243 crore from Rs 1,921 crore in the corresponding quarter last year. The company said its total revenue including other income rose 10.23 per cent YoY to Rs 13,183 crore in Q3FY22 from Rs 11,959 crore in the same quarter a year ago.
Hero MotoCorp: The two-wheeler manufacturer said it has started accepting online bookings for the second batch of its latest motorcycle XPulse 200 4 Valve. Priced at Rs 1,30,150 (ex-showroom Delhi), the motorcycle can be booked on the company’s online sales platform — eSHOP — by making an advance payment of Rs 10,000, Hero MotoCorp said in a statement.
Biocon Ltd: Biotechnology major reported a 17.68 per cent increase in consolidated net profit at Rs 219.6 crore for the third quarter of FY22 compared with a consolidated net profit of Rs 186.6 crore in the same quarter of the previous fiscal. Consolidated total income in the third quarter this fiscal stood at Rs 2,222.5 crore as compared to Rs 1,885.3 crore in the corresponding period of FY21.
Reliance Industries Ltd (RIL): Reliance Jio’s Estonia arm and University of Oulu have signed an agreement to collaborate for development of 6G technology as well as to foster entrepreneurship. The collaboration with the Estonia-based university is expected to extend Jio’s 5G capabilities and will help explore use cases in the 6G era. Reliance Jio is the telecom arm of Reliance Industries Ltd.
Mphasis: The IT firm reported a 9.8 per cent increase in consolidated net profit at Rs 357.6 crore for the December 2021 quarter, as against a net profit stood of Rs 325.5 crore in the year-ago period. Revenue from operations grew 26.2 per cent to Rs 3,123.7 crore in the reported quarter from Rs 2,474.3 crore in the year-ago period. Adjusted for M&A charges, net profit grew 16.8 per cent year-on-year to Rs 380.2 crore, it added.
Persistent Systems: The IT firm reported a net profit of Rs 176.4 crore for the third quarter of FY22, up 45.9 per cent year-on-year. Revenue stood at Rs 1,491.7 crore, a rise of 38.7 per cent year-on-year. Margins for the reported quarter stood at 16.8 per cent.
Cyient: The IT company posted a 38 per cent jump in consolidated net profit at Rs 131.7 crore for December 2021 quarter compared with a net profit of Rs 95.4 crore in the year-ago period. Revenue from operations increased 13.3 per cent to Rs 1,183.4 crore during the quarter under review as compared to Rs 1,044.3 crore in the same period last fiscal year.
Container Corporation of India Ltd (Concor): The sate-owned company reported a 24.46 per cent rise in consolidated net profit to Rs 276.35 crore in Q3FY22 compared with a net profit of Rs 225.66 crore in the corresponding quarter a year ago. Total income during the reported quarter of the current fiscal rose to Rs 1,994.18 crore, from Rs 1,842.11 crore in the year-ago period.
Havells India Ltd: Consumer electrical goods maker reported a decline of 12.7 per cent in its consolidated net profit to Rs 305.82 crore for the third quarter of FY22 compared with a consolidated net profit of Rs 350.14 crore in the October-December quarter a year ago. Its revenue from operations was up 15.4 per cent at Rs 3,664.21 crore during the period under review as against Rs 3,175.20 crore in the corresponding period last fiscal.
Shoppers Stop Ltd: The retail chain on Thursday reported a consolidated net profit of Rs 77.32 crore for the third quarter ended December 2021 as against a net loss of Rs 25.11 crore in the same period a year ago. Its revenue from operations was up 33.82 per cent at Rs 958.11 crore during the period under review as against Rs 715.97 crore in the year-ago period.
PNB Housing Finance Ltd: The company’s net profit fell by 19 per cent year-on-year to Rs 188 crore in Q3FY22 on lower net interest income (NII). It had posted a net profit of Rs 232 crore in Q3FY21 and Rs 235 crore in Q2FY22. Its Net Interest Income (NII) declined by 26 per cent at Rs 439 crore in Q3FY22 from Rs 590 crore in Q3FY21.