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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.20% higher at 18,348.5, signalling that Dalal Street was likely to open positively on Thursday.
Asian stocks were mixed on Thursday as investors were cautious over rising inflation and risk emanating from China’s property market, while weighing corporate earnings. Japan’s Nikkei was down 0.32% and Topix 0.22%. China’s CSI 300 was up 0.57% and Hang Seng rose 0.26%.
Indian rupee gained 47 paise to close at 74.88 against the US dollar on Wednesday.
Upcoming Earnings
Asian Paints, JSW Steel, TVS Motor Company, ICICI Lombard General Insurance Company, IDBI Bank, Indian Energy Exchange, IIFL Securities, Indian Hotels, IndiaMART InterMESH, Jubilant Industries, Lemon Tree Hotels, LIC Housing Finance, Bank of Maharashtra, Mphasis, Biocon, 63 Moons Technologies, Agro Tech Foods, Borosil Renewables, Can Fin Homes, CG Power and Industrial Solutions, Container Corporation of India, Duncan Engineering, Gateway Distriparks, Heritage Foods, Music Broadcast, Rane Engine Valve, Sasken Technologies, South Indian Bank, Sterlite Technologies, Tanla Platforms, Trident and VST Industries.
FII/DII trading data on Wednesday (20-10-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 15676.44 | 17519.53 | (1843.09) |
| DII | 7364.58 | 9045.31 | (1680.73) |
| *All numbers are in INR crore | |||
Stocks in News Today
L&T Finance Holdings: The company’s consolidated net profit fell 10% to Rs 223 crore in Q2FY22, as against Rs 248 crore in the year-ago period. Its total income during the quarter fell to Rs 3,134.46 crore, as against Rs 3,508.91 crore in the same period of last fiscal. Loan disbursement to Retail customers and rural market saw a rise during the reported quarter.
Tata Communications: The consolidated profit rose 10.6% YoY to Rs 425 crore in Q2FY22 due to lower operating cost and taxes, while consolidated revenue was down 5.2% YoY to Rs 4,174 crore, due to a decline in its voice business and moderation in the data segment. Data revenue stood at Rs 3,140 crore, which was 2.2% lower year-on-year.
TV18 Broadcast: The company witnessed over two-fold increase in its consolidated net profit to Rs 231.40 crore in Q2FY22, from a net profit of Rs 115.55 crore in the year-ago period. Consolidated operating from operations was up 29.14% to Rs 1,307.90 crore in the quarter, as against Rs 1,012.80 crore in the year-ago period. The company said that in the medium-term, its forecast looks promising.
Havells India: The electrical items maker posted a 7.34% decline in its consolidated net profit to Rs 302.39 crore in Q2FY22, compared with Rs 326.36 crore in the year-ago quarter. Its operating revenue rose 31.65% to Rs 3,238.04 crore during the quarter, as against Rs 2,459.49 crore in the corresponding period of last fiscal. The company’s outlook remains positive amid rising commodity cost which is likely to weigh on its margins.
Just Dial Ltd: The company reported a fall in operating revenue to Rs 156 crore in Q2FY22, from Rs 167.5 crore. Net profit was down 30.5% to Rs 32.9 crore in the quarter, from Rs 47.4 crore in the year-ago quarter. Net profit margin decline to 21.1% in the second quarter of FY22, from 28.3% in the same period last year.
Angel One Ltd: The company’s total income rose to Rs 533.98 crore in Q2FY22, from Rs 319.88 crore in the year-ago period. Profit after tax jumped to Rs 132.47 crore in the reported quarter, from Rs 79.2 crore in the same period last year.
Shoppers Stop: The company’s net loss declined to Rs 3.68 crore in the Jul-Sep quarter of FY22, compared with a net loss of Rs 97.7 crore in the same period last year, as sales improved. Its operating sales rose to Rs 642.07 crore in Q2FY22, from Rs 296.98 crore in the year-ago quarter. The company’s CEO said that August and September saw a sharp rebound in footfall.
SpiceJet: The airline said that it will start flight operation to the newly inaugurated Kushinagar airport in Uttar Pradesh from November 26. The airline plan to connect the destination with New Delhi from November 26 and also operate flights to Kushinagar from Mumbai and Kolkata starting from December 18.
Oriental Hotels: The company reported a consolidate net loss of Rs 4.97 crore in Q2FY22, as against a net loss of Rs 17.71 crore in the year-ago period. Its revenue rose to Rs 53 crore in the reported quarter, from Rs 17.93 crore in the same period a year ago. The company expects business to recovery driven by business tourism and domestic leisure.