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Market opening - An Overview
Nifty futures on Singapore Exchange traded 100 points, or 0.64 per cent, lower at 15,521.50 signaling that Dalal Street was headed for a negative start on Wednesday.
The Indian rupee gain by 34 paise to close at 73.24 against the US currency on Wednesday.
Shares in News today:
ITC: The company reported lower standalone profit at Rs 3,748.4 crore in Q4FY21 against Rs 3,797 crore in Q4FY20, revenue jumped to Rs 13,294.66 crore from Rs 10,842.28 crore YoY.
IRB Infrastructure Developers: HDFC Mutual Fund acquired additional 24,62,680 equity shares in IRB Infrastructure at Rs 111.34 per share on the NSE. Silvertoss Shoppers net sold 32,74,750 equity shares at Rs 111.86 per share, the bulk deals data showed.
Hero MotoCorp: The world’s largest motorcycles and scooters manufacturer sold 1,83,044 units of two-wheelers in May 2021, against 1,12,682 units sold in May 2020.
Eicher Motors: The company sold 27,294 motorcycles in May 2021, against 19,113 motorcycles sold in May 2020.
Gujarat Gas: The company reported sharply higher consolidated profit at Rs 350.86 crore in Q4FY21 against Rs 250.46 crore in Q4FY20, revenue jumped to Rs 3,489.31 crore from Rs 2,722.17 crore YoY. The company approved the acquisition or transfer of city gas distribution business for Amritsar and Bhatinda Geographical Area as a going concern, on slump sale basis, from Gujarat State Petronet (GSP) for Rs 163.31 crore.