Get App
Market opening - An Overview
Nifty futures on the Singapore Exchange traded 143.60 points, or 0.96 per cent, higher at 15,050 in signs that Dalal Street was headed for a gap-up start on Thursday.
Wall Street stocks declined as the Federal Reserve signaled a continuation of accommodative monetary policies, while leading Dow members tumbled after earnings reports. The Dow Jones Industrial Average index finished down 0.5 per cent at 33,820.38. The broad-based S&P500 index shed 0.1 per cent to 4,183.18, while the tech-rich Nasdaq Composite index lost 0.3 per cent at 14,051.03.
The rupee rose by 30 paise to close at a nearly two-week high of 74.36 against the US dollar on Wednesday, extending its gains for a third day on the back of a strong rally in domestic equities.
Shares in News today:
ONGC: India’s flagship oil and gas producer Oil and Natural Gas Corporation (ONGC) said it is seeking foreign partners for yet-to-be-developed fields in lesser prospective areas but is shackled by uneconomic gas prices and tax structure.
Morepen Laboratories: The drug firm Morepen Laboratories said its board has approved raising over Rs 433 crore through issue of shares to Switzerland’s private venture capital firm Corinth Investment Holdings and Liquid Holdings, a promoter group of the company, on a preferential basis
RattanIndia Enterprises: The company said it has acquired a substantial stake in EV two-wheeler maker Revolt Intellicorp for Rs 150 crore to foray into the fast-expanding electric vehicle business.
KPIT: Auto sector-focused software company KPIT reported a 23 per cent jump in its March quarter net profit to Rs 47.04 crore, driven by a higher profit margin. The company reported a post-tax profit of Rs 141.39 crore in FY21, compared to 146.7 crore a year ago.
Axis Bank: Public sector insurer The New India Assurance Co Ltd (NIACL) has been reclassified as a ‘public shareholder’ of Axis Bank from being a ‘promoter’ earlier, the private sector lender said on Wednesday. Last week, the country’s third-largest private sector lender had received a request from NIACL to reclassify it to public category from promoter category investor.