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Market Opening - An Overview
SGX Nifty futures rose 0.10% to 17,872.52, signalling that the benchmark Indian indices are likely to open higher on Tuesday.
Indian rupee fell 14 paise to 73.84 against the US dollar on Monday.
Most Asian shares were down, tracking the US markets where the Nasdaq and S&P 500 closed lower on Monday as Treasury yields jumped and as market participants continued to worry over the ongoing debt crisis of China’s Evergrande Group’s. Japan’s Nikkei was down 0.33% and Topix fell 0.48%. China’s CSI 300 edged up 0.11% and Hang Seng rose 1.26%. Australia’s main index ASX 200 was down 0.92%.
FII/DII trading data on Monday (27-09-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 8019.79 | 8614.42 | -594.63 |
| DII | 6910.79 | 5513.1 | 1397.69 |
| *All numbers are in INR crore | |||
Stocks in News Today
Reliance Industries Ltd: The company is in talks to acquire a stake in Glance InMobi Pte, an Indian mobile content provider, according to people familiar with the matter, Bloomberg reported. Reliance is planning to invest about $300 million in the unicorn backed by Google, the people said. The transaction is likely to be completed in the next few weeks, one of the people said.
HDFC Bank: The lender has raised Rs 5,000 crore by issuing bonds on a private placement basis. In a regulatory filing, the bank said it has issued unsecured redeemable long term fully paid up non-convertible bonds in the nature of debentures on private placement basis at a coupon rate of 6.44 per cent.
HDFC: The mortgage lender will raise up to Rs 6,000 crore by issuing bonds on a private placement basis to augment its long-term resources. The bonds are secured redeemable non-convertible debentures (NCDs) having a base issue size of Rs 3,000 crore with an option to retain oversubscription up to Rs 3,000 crore.
RBL Bank: The private sector lender has been fined Rs 2 crore by RBI for non-compliance of rules and provisions of the Banking Regulations Act. The action by the central bank was taken after the bank replied to a show cause notice, oral submissions made during the personal hearing and examination of additional submissions made by the bank.
Raymond Limited: The company said that its board has given approval to consolidate the tools, hardware and auto components businesses into engineering business to improve synergies and explore monetisation options for deleveraging the company. The company’s board has also approved the conversion of the real estate division into a wholly-owned subsidiary to achieve high growth momentum in realty business.
Bharat Petroleum Corp Ltd (BPCL): The company’s divestment process is expected to be completed by March 2022, according to BPCL Chairman Arun Kumar Singh. He said, “We wrote to SEBI seeking waiver for open offer and we are yet to hear from them. Based on response from the market regulator, DIPAM, Ministry of Petroleum, and all government bodies will take a decision on what to do.” Meanwhile, the company plans to invest over Rs 1 trillion in the next five years in raising petrochemical production capacity, gas business, clean fuel and augmenting marketing infrastructure, its chairman said.
Zee Entertainment Enterprises: The company said it will take “necessary action as per applicable law” as two institutional investors reiterated and demanded the ouster of Managing Director Punit Goenka. The two investment firms are Invesco Developing Markets Fund and OFI Global China Fund LLC, which together hold 17.88 per cent stake in the company.