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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.73 per cent higher at 17,673.50, signalling that Dalal Street was headed for a positive start on Monday.
Asian stocks opened higher on Monday as investors were optimistic about an economic recovery. Japan’s Nikkei rallied 0.91%, Topix was up 0.37%. Hang Seng rose 0.92% and CSI 300 jumped 1.13%.
FII/DII Trading Data on Friday (10-12-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 5595.06 | 6687.46 | (1092.4) |
| DII | 4477.51 | 4090.88 | 386.63 |
| *All numbers are in INR crore | |||
Stocks in News Today
Reliance Industries Ltd and Sintex Industries Ltd: The conglomerate along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Ltd., according to a stock exchange filing by Sintex. RIL is partnering with Assets Care & Reconstruction Enterprises Ltd. to bid for Sintex Industries under a court-designated bankruptcy resolution process.
Bank of Maharashtra: The state-owned lender has slashed lending rates on retail loans such as home and vehicle by up to 40 basis points. The revised rates are linked to borrowers’ credit score and come into effect on December 13. The new home loan rate would be 6.4 per cent as against 6.8 per cent for those with credit score above 800. Also, vehicle loans would be available at 6.8 per cent as against the old rate of 7.05 per cent for those with high credit score.
Minda Industries: The company has entered into a joint venture agreement with FRIWO AG Germany to manufacture and supply various electric vehicle components in the Indian subcontinent and it has a planned capital expenditure of Rs 390 crore in the next six years. Minda will hold a majority stake of 50.1 per cent, while the rest will be held by FRIWO AG Germany.
Power Finance Corporation (PFC): The PSU said it has paid the second interim dividend of Rs 369.57 crore to the government for the fiscal 2022. The second interim dividend at the rate of 25 per cent, that is Rs 2.50 per equity share of face value Rs 10 each, was declared by the Board of Directors in its meeting held on November 11, 2021, PFC said in a statement.
Vedanta Ltd: The company’s board has approved an interim dividend of Rs 13.50 per equity share for the financial year 2021-22. The record date for the purpose of payment of dividend has been set as December 18, while the total interim dividend will amount to Rs 5,019 crore, the company said in a regulatory filing.
Sterlite Technologies: The technology-based company unveiled its 5G portfolio at the IMC 2021. The company expects that the end-to-end nature of solutions will fundamentally alter the game for super-fast and high quality 5G deployments. STL’s 5G portfolio caters to the needs of leading network creators across the globe.
Cadila Healthcare: The drug firm said it has received an approval from the US health regulator to market generic drug Cariprazine capsules, which are used in the treatment of schizophrenia. The drug production will be done at the group’s formulation manufacturing facility in the Special Economic Zone (SEZ), Ahmedabad.