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Market opening - An Overview
Nifty futures on Singapore Exchange traded 62.20 points, or 0.40per cent, Lower at 15,668.80 signaling that Dalal Street was headed likely to have a negative opening on Friday.
The Indian rupee traded 74.71 against the US currency on Thursday.
Shares in News today:
Tata Consultancy Services: The company reported lower consolidated profit at Rs 9,008 crore in Q1FY22 against Rs 9,246 crore in Q4FY21, revenue increased to Rs 45,411 crore from Rs 43,705 crore YoY.
Bharat Dynamics: The company has signed a contract worth about Rs 499 crore with Ministry of Defence for manufacturing and supply of Akash Missiles to the Indian Air Force.
Sangam Renewables:The company divested its entire stake in its subsidiary Waacox Energy to Aditya Birla Renewable at an enterprise value of Rs 81,57,55,500 on the transaction. The company will use these proceeds to reduce its short-term debt by Rs 40,32,92,379 on a standalone basis.
Elgi Equipments: The company’s wholly-owned subsidiary in USA, ‘Elgi Compressors USA Inc.’ has formed a joint venture company in the USA by the name ‘Gentex Air Solutions, LLC.’ as a North Carolina limited liability company, along with James Gery and Diego Hernandez. Elgi Compressors USA Inc. has invested $95,000 in the share capital of Gentex Air Solutions, LLC.