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Market Opening - An Overview
Benchmark Indian indices are likely to open higher on Friday, tracking SGX Nifty futures which was trading 0.31% higher at 16,692.
The Indian rupee gained 3 paise ended almost flat at 74.22 against the US dollar on Thursday.
Asian shares were mixed as Japan’s Nikkei and Topix was trading 0.33% down and 0.32% lower, respectively, as investors awaited Fed Chair Jerome Powell’s address for clues about bond tapering. China’s Hang Seng rose 0.79% and CSI 300 was 1.28% higher.
FII/DII trading data on Thursday (26-08-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 6663.43 | 8637.91 | (1974.48) |
| DII | 6544.18 | 5488.97 | 1055.21 |
| *All numbers are in INR crore | |||
Stocks in News Today
Infosys: A subsidiary of the company, Infosys Public Services, has won a contract from Manitoba Public Insurance to digitise driver licensing, vehicle registration, and International Registration Plan (IRP) services for over 9 lakh Manitobans. The technology services company has joined hands with Celtic Systems, a leading DMV solutions provider, to implement the Infosys Celtic Vehicle and Licensing Solution.
SAIL: The company plans to decrease its borrowings to Rs 20,000 crore by the end of the FY22. Soma Mondal, chairman SAIL, said that the construction activities are improving as domestic demand increases and the price trend is stable. The company’s net debt had decreased by Rs 16,131 crore to Rs 35,350 crore as of December end 2020.
ONGC: The company said it will get its second oil rig operational at Kalol within twenty days after it decided to replace old rigs with 47 new rigs. The company plans to add another 65 drilling and more than 60 workover rigs in the next 10 years, according to sources. The company selected Megha Engineering & Infrastructure Ltd (MEIL), an Indian equipment manufacturer, to provide cutting edge technology based latest oil rigs.
Indigo: The airlines owned by InterGlobe Enterprises said the Indigo will start eight new domestic flights connecting cities including Dehradun, Indore and Lucknow in the first week of September. Sanjay Kumar, Chief Strategy and Revenue Officer, IndiGo, said these new flights will improve accessibility and also cater to the increased travel demand from Delhi, Dehradun, Lucknow, Jaipur, and Indore.