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Market opening - An Overview
Nifty futures on the Singapore Exchange traded 26 points, or 0.17 per cent, higher at 15,061 signaling that Dalal Street was headed for a positive start on Thursday.
The dollar held an advance on Thursday. On Wednesday, the rupee galted a three-day winning run and declined by 13 paise to close at 73.18 against the US dollar in line with the fall in the domestic equity market.
Snapping its three-day winning run, the rupee on Wednesday declined by 13 paise to close at 73.18 against the US dollar in line fall in Asian currencies ahead of the release of US Fed minutes.
Shares in News today:
Indiabulls Housing Finance: Mortgage financier Indiabulls Housing Finance reported a two-fold jump in its profit after tax to Rs 276 crore in the quarter ended March 2021 helped by stable asset quality. The lender had reported a profit after tax of Rs 137 crore in the corresponding quarter of FY20.
Tanla Platforms: Cloud communications firm Tanla Platforms reported a consolidated net profit of Rs 102.54 crore for the fourth quarter ended March 2021. The company had posted a consolidated net loss of Rs 89.12 crore in the year-ago period.
JK Tyre and Industries: The company reported a consolidated profit after tax of Rs 194.96 crore for the March quarter of the previous fiscal against a consolidated loss of Rs 52.78 crore in the year-ago period. Revenue from operations in the quarter under review rose by 63.21 per cent to Rs 2,927.28 crore compared to Rs 1,792.56 crore in Q4FY20, the company said.
DHFL: The National Company Law Tribunal (NCLT) directed the administrator of DHFL to present the settlement offer of the non-banking financial company’s ousted promoter Kapil Wadhawan before the creditors for their consideration.