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Market Opening - An Overview
Nifty futures on Singapore Exchange were trading 0.07% higher at 17,420, signalling that Dalal Street was headed for a flat to positive start on Tuesday.
Indian rupee dropped 7 paise to trade at 73.10 against the US dollar on Monday.
Asian shares were higher in early trade on Tuesday as investors were buoyed by the prospects of fresh stimulus in Japan and easing concerns over China’s regulatory clampdown. Japan’s Nikkei and Topix rose 0.79% and 0.92%, respectively. China’s Hang Seng and CSI 300 were up 0.75% and 0.03%, respectively.
FII/DII trading data on Monday (06-09-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 5389.54 | 5978.9 | (589.36) |
| DII | 5825.04 | 5277.73 | 547.31 |
| *All numbers are in INR crore | |||
Stocks in News Today
Infosys Ltd: The IT major said it has almost completed its buyback programme and its buyback committee will meet on September 8 to consider closure of the buyback programme. The company’s board had approved up to Rs 9,200 crore buyback plan, which commenced from June 25 and the company had proposed to buy back shares at a maximum price of Rs 1,750 apiece.
Balaji Telefilms: The company’s shareholders have rejected remuneration deal of Shobha Kapoor and Ekta Kapoor, managing director (MD) and joint MD of the media firm, respectively. In its stock exchange disclosure, the two separate special resolutions on setting their salaries for the next years got 56.77% and 55.45% ‘against’ vote.
ONGC: The company including ONGC Videsh is planning to buy a stake in Russia’s Vostok oil project and a planned liquefied gas project Arctic LNG-2, Oil Minister Hardeep Singh Puri said. The oil project contains combined estimated resources of over 6 billion tonnes or around 44 billion barrels of premium crude.
NMDC: The mining company said it has cut prices of lump ore and fines by Rs 1,000 per tonne. In a filing to the exchange, the company said price of lump ore has been fixed at Rs 6,150 per tonne and that of fines at Rs 5,160 a tonne. The company said that the revised prices exclude royalty, District Mineral Fund, National Mineral Exploration Trust, cess, forest permit fee and other taxes.
Dish TV India: YES Bank has proposed the removal of five directors in the company, including Managing Director (MD) Jawahar Lal Goel. The bank said the current board of directors of the company had approved a rights issue process despite the bank’s objections. YES Bank holds 25.63% in Dish TV.