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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.06% higher at 17,543.50, signalling that Dalal Street was headed for a flat to positive opening on Thursday.
Indian rupee closed 6 paise higher at 73.02 against the US dollar on Wednesday.
Asian shares pared earlier gains on Thursday and was trading lower. Japan’s Nikkei and Topix fell 0.59% and 0.50%, respectively. In China, investors were worried about the risks from the debt crisis at China Evergrande Group. China’s Hang Seng dropped 0.80% and CSI 300 lost 0.52%.
FII/DII trading data on Wednesday (15-09-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 11172.43 | 10939.59 | 232.84 |
| DII | 7452.63 | 7284.96 | 167.67 |
| *All numbers are in INR crore | |||
Stocks in News Today
Adani Transmission: The company plans to invest Rs 1,200 crore in eastern Madhya Pradesh (MP) to improve the power transmission system for MP Power Management Company Ltd (MPPMCL). The company will build, own, operate and maintain the transmission project in MP for a period of 35 years.
Tata Consultancy Services: The company’s market cap crossed the $200-billion-mark as the stock extended gains on Wednesday after it touched a record high of Rs 3980 apiece. The Indian IT sector has seen an upward trend during the pandemic due to an acceleration of digital transformation.
Embassy Office Parks REIT: Global fund manager Blackstone has sold about 5.7 crore units in the REIT estimated at Rs 2000 crore as the fund manager monetises a part of their investment. After this, Blackstone’s holding will decrease to 32% and Embassy Group will have has around 12% stake.
TVS Motor: The company’s chairman Venu Srinivasan said the central government’s PLI scheme announced for the auto industry would give a boost to the industry to move faster towards future technologies. The Union Cabinet approved a Rs 26,058 crore PLI scheme for auto, auto-components and drone industries to improve India’s manufacturing capabilities.
Bharti Airtel: The company’s chairman Sunil Mittal said the reforms announced by the Cabinet for telecom sector will ensure that the sector is able to invest fearlessly, and the company will respond to Prime Minister Narendra Modi’s call to invest and accelerate the country’s growth. In the PLI scheme, the Cabinet has approved the inclusion of revenues earned only from telecom services in the adjusted gross revenue (AGR), and it has removed any penalties on dues to be paid to the government prospectively.
Infosys: The IT major has tied up with Germany’s SAP, a market leader in enterprise application software, to provide Business Process Transformation-as-a-Service to enterprises. Infosys said it will leverage business process intelligence (BPI) from SAP to identify opportunities and obstacles in the transformation journey and create a roadmap for clients.
Glenmark Pharma: The company has successfully completed its post-marketing surveillance study on Favipiravir in India. Results showed no new concerns with the use of Favipiravir, and already-known side effects like weakness, gastritis, diarrhoea, vomiting etc were found to be mild in nature. The time for clinical cure was 7 days, while for fever resolution was 4 days, it said.