Market opening - An Overview
Nifty futures on Singapore Exchange traded 21 points, or 0.13 per cent, Lower at 15,833 signaling that Dalal Street was headed likely to negative opening on Wednesday. Asia-Pacific struggled for direction on June 16, as investors looked ahead to data releases in China as well as the U.S. Federal Reserve’s interest rate decision.
The Indian rupee traded 73.95 against the US currency on Tuesday.
Shares in News today:
LIC Housing Finance: The company reported lower standalone profit at Rs 398.92 crore in Q4FY21 against Rs 421.43 crore in Q4FY20, revenue rose to Rs 4,967.69 crore from Rs 4,920.17 crore YoY.
Lupin: Life Insurance Corporation of India acquired 2.019% stake in Lupin via open market transaction, raising stake to 6.629% from 4.61%.
Wipro: The company collaborated with Aachen, Germany headquartered FEV to open Innovation Lab for developing Software Defined Vehicles. The company expanded partnership with Levi Strauss & Co. to support digital commerce.
Globus Spirits: Templeton Strategic Emerging Markets Fund IV LDC sold 2.36 lakh equity shares in Globus Spirits at Rs 430.18 per share on the NSE, the bulk deals data showed.
Jagran Prakashan: Franklin Templeton Mutual Fund sold 16,17,687 equity shares in Jagran Prakashan at Rs 61.79 per share on the NSE, the bulk deals data showed.
Dodla Dairy IPO:
The initial public offering of Dodla Dairy will open for subscription today. The price band for the offer is at Rs 421-428 per share.
Krishna Institute of Medical Sciences (KIMS Hospitals) on June 15 raised Rs 955.68 crore from 43 anchor investors, a day ahead of public issue opening. The IPO which opens for subscription today, June 16. The price band for the offer is at Rs 815-825 per share.