Pre Market Analysis: Bajaj Electricals, HCL Tech and Reliance Capital in news today

Market Opening - An Overview

Nifty futures on the Singapore Exchange were trading 0.17% lower at 17,515, indicating that Dalal Street was headed for a negative start on Friday.

Asian stocks traded lower after the US stocks fell in the overnight trade ahead of key inflation numbers. Japan’s Nikkei fell 0.40% and Topix was down 0.27%. Hang Seng dropped 0.44% and CSI 300 lost 0.46%.

Indian rupee fell 7 paise to 75.52 against the US dollar on Thursday.


FII/DII Trading Data on Thursday (09-12-2021)

CategoryBuy ValueSell ValueNet Value
FII/FPI6194.937780.48(1585.55)
DII5623.944841.1782.84
*All numbers are in INR crore

Stocks in News Today

Bajaj Electricals: The company said that its board has approved a review of its corporate structure, including a move to hive off its power transmission and power distribution business verticals as an independent entity. The review will include an evaluation of full range of options and alternatives including demerger, subsidiarisation and strategic partnerships among other possibilities.

Reliance Jio: The company has received the highest ‘A-‘ rating, indicating the highest leadership level, in non-profit CDP’s 2021 global rating of companies based on the way they manage their environmental impacts. Jio is the only telecom and digital services firm in India to receive a leadership rating on CDP’s Global Environment Impact. Meanwhile, Bharti Airtel rating improved to C in 2021 from D- in 2020.

HCL Technologies: The IT company has named Santhosh Jayaram Global Head of Sustainability to refine and focus its existing agenda and strategy in the critical areas of Environmental, Social and Governance (ESG). It said Jayaram’s appointment will be instrumental in strengthening and scaling its current and future sustainability initiatives. Before joining HCL, Jayaram led the sustainability and climate change practices at KPMG and Det Norske Veritas.

Reliance Capital: The resolution plan for Reliance Commercial Finance by Authum Investment and Infrastructure has been voted with an majority of over 99 per cent by its debenture holders. Reliance Commercial is a subsidiary of Reliance Capital, which is facing bankruptcy proceedings in the NCLT Mumbai following an application by the RBI.