Get App
Market Opening - An Overview
SGX Nifty futures were trading 0.33% higher at 17430, signalling Dalal Street was headed for a positive start.
The Indian rupee plunged 26 paise to close at 73.74 against the US dollar on Monday.
Japan’s stock indices opened lower, tracking US markets which closed lower on Monday. Nikkei opened 2.07% lower and Hang Seng was down 1.08%. Other financial markets in Asia like China, Taiwan and South Korea were closed for holidays.
The Wall Street indices closed about 2% lower on Monday following the crisis in China’s Evergrande Group and as investors keenly await Fed’s monetary policy decision amid rising Covid-19 cases and looming debt ceiling deadline.
FII/DII trading data on Monday (21-09-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 7779.47 | 7686.93 | 92.54 |
| DII | 6026.53 | 7653.11 | (1626.58) |
| *All numbers are in INR crore | |||
Stocks in News Today
Nestle India: The company’s Chairman and Managing Director Suresh Narayanan said the country is expected to witness the worst with respect to food inflation. In the coming quarters, there would be a further increase in prices of commodities like milk, coffee and palm oil derivatives, he added. Narayanan noted that Nestle has seen an average price hike of 1-3 per cent in the last six to eight months.
SBI Cards: Private equity firm Carlyle Group will sell 3.4% stake in SBI Cards through block trade on Tuesday. A subsidiary of Carlyle – CA Rover Holdings – will sell 32 million shares in the price band of Rs 1021 to Rs 1072.3 apiece. On the lower end of the price band, it will raise Rs 3267.2 crore.
SpiceJet: The airline has finalised its settlement with two major lessors of MAX aircraft that will result in savings of about Rs 300 crore. Top sources in the airline said that the carrier is hopeful of saving around Rs 1,000 crore in all, once the settlements are finalised with other MAX lessors.
Sundaram Finance: The NBFC have partnered with MSME Development Institute, Chennai, to create awareness on government schemes such as MSME Samadhaan and Credit Linked Capital Subsidy Scheme (CLCSS). The schemes were launched to address the problem of delayed-payment for micro and small industries and for their technology upgradation.
Cadila Healthcare: The company which owns Zydus has decided to sell two of its brands – Mifegest and Cytolog – to PR firm True North. The transaction is expected to be completed within 30 days from the date of execution of agreement, according to its regulatory filing.
Poonawalla Fincorp: The company will close some of its operations and stop selling some products that have shown default. Its chairman, Adar Poonawala, will increase his responsibilities in the company’s operations following the departure of its managing director Abhay Bhutada.