Market Opening - An Overview
SGX Nifty futures were trading 0.57% higher at 17140.50, indicating that Dalal Street was likely headed for a positive start on Monday.
Asian shares fell in early trade on Monday fuelled by fears of the new Omicron variant of Covid-19. Jpan’s Nikkei fell 0.02%, Topix was down 0.39%. Hang Seng dropped 0.68% and CSI 300 index fell 0.30%.
The Indian rupee fell 37 paise to close at 74.87 against the US dollar on Friday.
FII/DII Trading Data on Friday (26-11-2021)
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|*All numbers are in INR crore|
Stocks in News Today
Paytm: The fintech company registered a net loss of Rs 481.7 crore in the second quarters of FY22, compared with a net loss of Rs 435.5 crore in the year-ago period. The losses were 28% higher than the Apr-Jun quarter of FY22. Revenue from operations grew 63.64% YoY to Rs 1086.4 crore in Q2FY22, while total expenses jumped to nearly Rs 1599.4 crore from Rs 1166.8 crore a year ago.
Reliance Jio: The telecom operator has increased its mobile tariff rates by 20% for its pre-paid users with effect from December 1. The new tariff plans are in-line with its commitment to further strengthen a sustainable telecom industry, said Jio, adding, the revised plans can be opted from all existing touchpoints and channels.
Punjab National Bank: The public-sector lender has put up National Steel and Agro Industries Ltd for sale to recover its outstanding of nearly Rs 200 crore. National Steel and Agro is a Madhya Pradesh-based steel and agriculture company with an outstanding balance of Rs 199.90 crore to the bank. The lender has set the reserve price (on cash basis) at Rs 95 crore for the sale process.
Macrotech Developers: The realty firm is planning to enter the Bengaluru market to tap the huge property demand in the IT city. The company will invest Rs 3,000 crore equity capital for growth as it aims to increase its annual sales bookings by almost three times to Rs 20,000 crore by 2025-26, a top company official said.
Godrej Properties: The company said it has bought a 16-acre land parcel in Bengaluru to develop primarily residential properties, as part of its strategy to expand business in major cities. The land parcel is located at Sarjapur and it planning to develop a mid-income project with developable potential of about 1.5 million square feet saleable area.
YES Bank and Dish TV: The lender has moved its legal dispute with Dish TV India over voting rights to the Supreme Court after the Allahabad High Court on Thursday dismissed a petition filed by YES Bank. The petition will be heard by the SC on Monday.
Hero MotoCorp: The two-wheeler maker has appointed former SBI chairman Rajnish Kumar as an independent director of Hero MotoCorp. The company has also appointed marketing strategist and entrepreneur Vasudha Dinodia on the board as an independent director, Hero MotoCorp added.
Airtel: The telco has withdrawn certain data benefit coupons it was offering through its app on some of the prepaid plans. It said that the move will help to avoid any confusion among consumers about the offerings and comparisons between various plans.