Market Opening - An Overview
SGX Nifty futures were trading 0.18% lower at 16,934, signalling that benchmark Indian indices are expected to open lower.
The Indian rupee appreciated 42 paise to 73.27 against the US dollar on Monday.
Asian markets were trading lower in early trade on Tuesday as data showed that China’s economic recovery was happening at a slower pace and Japan’s industrial output shrank in July as car production fell due to a spike in coronavirus cases casting doubt over a faster economic rebound. Japan’s Nikkei fell 0.21% and Topix dropped 0.31%. China’s Hang Seng and CSI 300 slipped 1.26% and 0.85%, respectively.
FII/DII trading data on Monday (30-08-2021)
|Category||Buy Value||Sell Value||Net Value|
|*All numbers are in INR crore|
Stocks in News Today
Tata Power & Adani Power: The power ministry is probably expected to allow Tata Power and Adani Power to sell electricity on the power exchanges like IEX amid a shortage in coal and power supply. It is also possible for Tata Power and Adani Power to make profit on selling on the power exchanges, as they are not selling power to any state on a long-term basis due to uncertainty on tariffs.
Shriram City Union Finance: The company is aiming at a total disbursement of about Rs 23000 crore in the current fiscal year, according to its MD and CEO Y S Chakravarti. The NBFC disbursed Rs 4,560 crore in the first quarter of FY22, compared with Rs 6,570 crore in March quarter of 2021. The collection efficiency also touched approximately 100% in July compared to 93% in June.
Future Retail & Reliance Industries: The US e-commerce giant Amazon has asked SEBI, India’s market regulator, to take the required action to comply with Supreme court’s order with respect to the $3.4-billion merger deal between Future Group and Reliance. Amazon has asked SEBI to order the Indian stock exchanges to withdraw the Observation Letters related to the $3.4-billion deal with immediate effect.