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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.15% higher at 18,280, signalling that Dalal Street was headed for a positive start on Thursday.
Asian stocks fell as investors were worried that higher inflation tighter monetary policy will slowdown the economic recovery from the pandemic.
The Indian rupee lost 7 pasie to close at 75.03 against the US dollar on Wednesday.
Upcoming Earnings
NTPC, Tata Power, Bajaj Finserv, Adani Green Energy, InterGlobe Aviation, Adani Total Gas, AU Small Finance Bank, Blue Star, Marico, DLF, RBL Bank, AAVAS Financiers, APL Apollo Tubes, CarTrade Tech, Chalet Hotels, Chemcon Speciality Chemicals, Dishman Carbogen Amcis, Edelweiss Financial Services, Gujarat Gas, HSIL, Indian Bank, Infibeam Avenues, JK Tyre & Industries, Laurus Labs, Mahindra & Mahindra Financial Services, Motilal Oswal Financial Services, Reliance Infrastructure, SBI Cards and Payment Services, Sudarshan Chemical Industries, UCO Bank, UTI Asset Management Company, Welspun Corp, and Westlife Development
FII/DII trading data on Wednesday (27-10-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 9323.8 | 11237.16 | (1913.36) |
| DII | 7986.46 | 7513.98 | 472.48 |
| *All numbers are in INR crore | |||
Stocks in News Today
ITC: The conglomerate posted a 10.09% increase in consolidated profit after tax (PAT) at Rs 3,763.73 crore in the September quarter of FY22, helped by a recovery across all segments. The PAT stood at Rs 3,418.69 crore in the year-ago period. Its operating revenue was at Rs 14,844.38 crore, up by 12.9% from Rs 13,147.81 crore in the same period last year.
Adani Enterprises: The company posted a 55.3% decline in consolidated profit at Rs 194.54 crore in Q2FY22, hit by higher expenses, as against a consolidated profit of Rs 435.73 crore in the year-ago period. Its consolidated total income during the second quarter increased to Rs 13,597.10 crore from Rs 9,312.14 crore in the same period last year. Total expenses increased to Rs 13,408.53 crore in the quarter from Rs 8,788.59 crore in the corresponding period last year.
Larsen & Toubro: The infrastructure and engineering company reported a consolidated net profit of Rs 1,819.5 crore in Q2FY22, down 67 per cent year-on-year (YoY), as against Rs 5,520 crore in the year-ago period. Its revenue from operations increased 12% to Rs 34,772 crore as compared to Rs 31,034 crore in the corresponding quarter of last year. The company bagged orders worth Rs 42,140 crore during the September quarter.
IndusInd Bank: The lender’s net profit rose 73% to Rs 1,147 crore in Q2FY22, helped by steady increase in net interest incomes and fees. Its net profit in the year-ago period stood at Rs 663 crore. Its Net Interest Income (NII) rose 12% in the reporting quarter at Rs 3,658 crore in Q2FY22 from Rs 3,278 crore in the year-ago period. Net NPA ratio rose marginally to 0.8% in September 2021 from 0.52% a year ago.
Maruti Suzuki: The automaker plans to launch electric vehicles in India after 2025 as demand for such vehicles at the moment is less, according to company Chairman RC Bhargava. He added that it would like to sell around 10,000 units a month whenever it enters the electric mobility space.
Titan: the company’s consolidated net profit jumped 270.5% to Rs 641 crore in the quarter ended September 2021, compared with Rs 173 crore in the same period last year. Revenue from sales of products and services rose 77.83% to Rs 7,243 crore in Q2FY22, as against Rs 4,127 crore in Q2FY21.
Baja Auto: The company’s net profit at the Pune-based automotive firm rose to Rs 1,275 crore in Q2FY22, as against Rs 1,138 crore in the year-ago period. Net sales in the same period rose 22% to Rs 8,762 crore, from Rs 7,156 crore in the corresponding quarter. The earnings were attributed to robust exports of motorcycles and three-wheelers and an improved product mix.
United Spirits: The company’s consolidated net profit jumped two times to Rs 286.4 crore in Q2FY22, boosted by robust sales. The net profit was Rs 125.1 crore in the year-ago period. Revenue from operations was up 9.31% to Rs 8,208.8 crore during the quarter, as against Rs 7,509.4 crore in the same period last year.
Tata Chemicals: The company posted an 88% jump in its consolidated net profit to Rs 248 crore in Q2FY22, due to a recovery in soda ash volumes in the US and India. Net profit stood at Rs 132 crore in the same period last financial year. On a consolidated basis, net income rose to Rs 3,023 crore in Q2FY22, from Rs 2,509 crore in the year-ago period.
SBI Life Insurance: The company reported a 17.7% decline in its net profit to Rs 247 crore in Q2FY22, as against Rs 300 crore in the corresponding quarter of the previous financial year. Total income rose to Rs 25,404.10 crore, compared with Rs 18,458.25 crore. Its net premium rose to Rs 14,660.64 crore in Q2FY22, from Rs 12,857.95 crore in the corresponding period of FY21.
Torrent Power: The company’s profit after tax (PAT) stood at Rs 368.84 crore in Q2FY22, as against PAT of Rs 202.17 crore in the corresponding period last year. Its revenue from operations was up 17% to Rs 3,648 crore in Q2FY22, from Rs 3,129 crore in the year-ago period. The increase in profit was attributed to higher demand for electricity from commercial and industrial customers.
Future Retail: The company has requested the Delhi High Court to quash a decision by a Singapore arbitration panel that has kept the deal between the company and Reliance Industries pending, while the panel hears objections from the US-based e-commerce giant Amazon.com.
Airtel: The telecom operator is expected to have garnered over Rs 5,200 crore from the first round of payment in its recently-concluded rights issue, as the company’s special committee approved allotment of 39.2 crore equity shares to eligible applicants. The applicants paid Rs 133.75 per share on application, while the remaining sum to be paid in two more additional calls as may be decided by the board.