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Market Opening - An Overview
SGX Nifty futures were trading 0.58% higher at 17,201.00, signalling Dalal Street was headed for a positive start on Wednesday.
Asian stocks were mixed as investors evaluated Western sanction on Russia in the ongoing stand-off between Russia and Ukraine. Nikkei fell 1.71%, Topix was down 1.55%, Hang Seng rose 0.57% and CSI 300 was up 0.41%.
Indian rupee fell 35 paise to 74.88 against the US dollar on Tuesday.
FII/DII Trading Data (22-02-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 8614.37 | 11859.89 | (3245.52) |
| DII | 8143.69 | 4035.11 | 4108.58 |
| *All numbers are in INR crore | |||
Stocks in News Today
Hero MotoCorp and BPCL: Two-wheeler manufacturer Hero said it has joined hands with Bharat Petroleum Corporation Ltd (BPCL) to set up charging infrastructure for two-wheeled electric vehicles (EVs) across the country. In the first phase, charging stations will be set up across nine cities starting with Delhi and Bengaluru. The network will be then expanded across the country with the aim to establish a high density of charging stations.
Mahindra & Mahindra Financial Services (MMFS): The company’s board approved the allotment of 3,000 secured redeemable non-convertible debentures (NCDs) of a face value of Rs 10 lakh each, aggregating to Rs 300 crore through private placement. The bonds are set to mature on February 22, 2024, and its coupon rate is 5.98 per cent per annum.
Mahindra CIE Automotive: The company’s profit for the Oct-Dec quarter fell 28 percent year-on-year to Rs 80 crore, compared to Rs 112 crore profit reported in the corresponding period last fiscal. Revenue increased 5.4 percent to Rs 2,064 crore in the reported quarter, against Rs 1,958 crore YoY. The firm said the board of directors has approved a dividend of Rs 2.50 per share for the financial year ended December 31, 2021.
Crompton Greaves: The company will acquire a controlling stake of 55% in Butterfly Gandhimathi Appliances for Rs 1,380 crore. Crompton said the transaction will accelerate its long-term goal of becoming a leading player in the small domestic appliances segment.
Aditya Birla Fashion and Retail Ltd (ABFRL): The company said it has collaborated with IT firm Accenture for deployment of an enterprise resource planning (ERP) system that will enhance customer service. The system will be designed to enhance customer service by combining ABFRL’s manufacturing and retail functions into a digital core for fashion and vertical business, it said.
SJVN: The company signed papers to get a Rs 6,333.4 crore loan from a consortium of banks in India and Nepal for funding of its Arun-3 power project in Nepal. The consortium, led by SBI India and PNB, have Exim Bank, Canara UBI & Everest Bank, Nepal & Nabil Bank, Nepal as consortium members. The project is in an advanced stage of construction and is expected to be completed in FY24.
Dilip Buildcon: The firm has won a road project in Chhattisgarh. It has been declared as L-1 bidder for a new Hybrid Annuity Mode project under Raipur-Visakhapatnam in the state and the order is worth Rs 1,141 crore.