Pre Market Analysis 13-10-2021

Market Opening - An Overview

Nifty futures on the Singapore Exchange was trading 0.27% higher at 18,053, signalling that Dalal Street was headed for a positive start on Wednesday.

Asaina shares were trading lower as rising power prices and higher inflation weighed on investors’ sentiment. Japan’s Nikkei fell 0.22% and Topix was down 0.23%. Hang Seng plunged 1.43% and CSI 300 was 0.03% marginally higher.

Indian rupee fell 15 paise to 75.51 against the US dollar on Tuesday.

Upcoming Earnings

Infosys, Wipro, Mindtree, Advik Laboratories, Aditya Birla Money, Morarka Finance, National Standard, Perfect-Octave Media Projects, Plastiblends India, Raghav Productivity Enhancers and SDC Techmedia

FII/DII trading data on Tuesday (12-10-2021)

CategoryBuy ValueSell ValueNet Value
*All numbers are in INR crore

Stocks in News Today

Tata Motors: The company has raised Rs 7500 crore for its electric vehicle business from TPG Rise Climate and Abu Dhabi’s ADQ at a valuation of up to $9.1 billion. The automaker is expected to invest more than Rs 16,000 crore over next five years. Under the agreement, TPG Rise Climate along with its co-investor ADQ, will invest in a subsidiary of Tata Motors that will be newly incorporated, the company said in a statement.

Reliance Industries: The company’s solar unit Reliance New Energy Solar Ltd (RNESL) will buy preferred shares of German firm NexWafe worth $29 million. The investment by Reliance will accelerate product and technology development for NexWafe, including completion of the commercial development of NexWafe’s solar photovoltaic products on prototype lines in Freiburg.

Zee Entertainment Enterprises: The company has said that its shareholders, Invesco, had approached its managing director and chief executive officer, Punit Goenka, with a merger proposal in February on behalf of a rival company. The company in a communication to the exchange filing also siad that if the merger proposal had been accepted, it would have led to a loss of Rs 10,000 crore for the company’s shareholders.

Power Finance Corporation: The company has been accorded the ‘Maharatna’ status by the Government of India that will pave the way for the company’s greater financial and operational efficiency, according to a company statement. The ‘Maharatna’ status to PFC will give enhanced powers to PFC’s board while taking financial decisions.

NTPC: The PSU company said it has been making electricity available to the national capital but the distribution companies have been scheduling only 70% of power made available to them. According to the data provided by NTPC for eleven days, the discoms in the Delhi scheduled 38.81 million units (MU) against the 54.83 MU declared capacity entitlement.

Saregama India: The company posted a 16.87% increase in its consolidated net profit at Rs 33.80 crore for the second quarter of FY22, compared with a net profit of Rs 28.92 crore in the same period last fiscal. According to its regulatory filing, the company’s revenue from operations was up 34.21% at Rs 145.09 crore during the quarter, as against Rs 108.11 crore in the corresponding period of FY21.