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Market Opening - An Overview
SGX Nifty futures were trading 0.17% higher at 16,630.50, signalling that Dalal Street was headed for a positive opening on Wednesday.
Indian rupee lost 11 paise to close at 74.35 against the US dollar on Tuesday.
Asian markets were positive in early trade on Wednesday as Japan’s Nikkei index rose 0.57%, Hong Kong’s Hang Seng index was 0.43% up and China’s CSI 300 index edged up 0.12%.
US markets ended in the red on Tuesday as investors were worried about a quicker economic recovery as the country’s retail sales slumped.
FII/DII trading data on Tuesday (18-08-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 9253.8 | 9597.53 | (343.73) |
| DII | 5521.8 | 5255.37 | 266.43 |
| *All numbers are in INR crore | |||
Stocks in News Today
HDFC Bank: RBI has partially lifted some restriction imposed on the bank and allowed to issue new credit cards, according to news reports. RBI in December directed the bank not to issue any new cards after outages in the bank’s digital payments platforms. The bank remains the largest issuer of credit cards in the country even though it has lost market share.
Canara Bank: The public-sector lender is planning to raise Rs 2500 crore through Qualified Institutional Placement, according to its regulatory filing. The issue’s floor price has been set at Rs 155.58 per equity share. The bank said it may offer a discount of up to 5% on the floor price. A sub-committee of the board will meet on August 23 to determine the issue price and the number of shares that must be allotted to qualified institutional buyers.
Ruchi Soya: The company owned by Patanjali Ayuved has received SEBI’s approval to raise Rs 4300 crore through follow-on public offer. The development comes after SEBI has mandated a minimum public shareholding of 25% in a listed entity. The proceeds from the offer will be used for expanding its business, repayment of outstanding loans, working capital requirement and general corporate purposes.
Infosys Ltd: The IT major has made an investment of about $0.45 million in TidalScale, a California-based company, taking the total investment to $3.45 million. The company in its regulatory filing said it holds a minority stake in TidalScale that is not more than 20% of the outstanding share capital.
HCL Tech: The IT services firm signed a 5-year deal with Wacker Chemie AG, a German-based chemical company. The deal will modernize Wacker’s digital workplace and improve its quality of service delivery. The deal will also help Wacker to reduce costs through standardisation of processes and automation. HCL will leverage its AI-enabled virtual assistants to achieve the goal for Wacker.