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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.71 per cent higher at 16,958, signalling that Dalal Street was headed for a positive start.
Most Asian shares were trading lower as investors were concerned over the Russia-Ukraine crisis. Nikkei 225 was down 0.26%, Topix fell 0.21% and Hang Seng lost 0.16%. Benchmark index in China rose after the country’s monetary authority injected a net about $15.7 billion into the banking system through its medium-term lending facility. CSI 300 rose 0.81%.
Indian rupee fell 23 paise to 75.61 against the US dollar on Monday.
India’s headline inflation rate based on the Consumer Price Index (CPI) jumped to 6.01 percent in January 2022, as per data released by the National Statistical Office on February 14. CPI inflation was 5.66 percent in December 2021.
FII/DII Trading Data (14-02-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 5457.75 | 9711.45 | (4253.7) |
| DII | 7698.04 | 5527.75 | 2170.29 |
| *All numbers are in INR crore | |||
Stocks in News Today
Reliance Industries Ltd: The telecom arm of RIL, Reliance Jio Platforms, is investing $200 million (around Rs 1,500 crore) in Glance, the AI-driven lock-screen platform from InMobi. Glance has also entered into a partnership with Reliance Retail that aims to provide Glance’s ‘lock-screen platform’ on JioPhone Next smartphones.
Adani Enterprises Ltd: The company posted a consolidated net loss of Rs 11.63 crore, attributable to owners of the company, for the third quarter of FY22, as against an attributable profit after tax (PAT) of Rs 296.81 crore in Q3FY21. Its consolidated revenues from operations stood at Rs 18757.87 crore in Q3FY22, compared with Rs 11620.45 crore in Q3FY21.
Coal India Ltd (CIL): The PSU announced a 48% jump in consolidated net profit at Rs 4,558 crore in Q3FY22, as against a net profit of Rs 3,085 crore in the year-ago period. Consolidated revenue from operations rose 20% to Rs 28,434 crore in the reported quarter from Rs 23,686 crore in Q3FY21. The company’s board approved payment of interim dividend of Rs 5 per share.
Vedanta Group: The Anil Agarwal-led group and Foxconn have formed a joint venture (JV) to manufacture semiconductors in India. This is the first JV in the electronics manufacturing space after the PLI policy, a joint statement issued by the companies said. Vedanta will hold majority in the JV while Foxconn will be the minority shareholder. The Vedanta Group had in January shared its intent to invest $15 billion for making displays and semiconductor chips in India over the coming five years.
Eicher Motors: The automaker said its consolidated net profit declined by 14.44 per cent to Rs 456.13 crore in Q3FY22 on account of lower sales due to semiconductor shortage. In the year-ago period, it had posted a consolidated net profit of Rs 532.59 crore. Total revenue from operations increased marginally to Rs 2,880.65 crore in the third quarter from Rs 2,828.26 in the same period of the previous fiscal.
Oil and Natural Gas Corporation (ONGC): The company’s delayed Krishna Godavari basin KG-D5 project is likely to hit peak oil and natural gas output in 2023-24 and will help the firm to reverse the downward slide in its overall production, said Anurag Sharma, director (onshore) and interim director (finance) of ONGC, in an investor call. He added that the company hopes to arrest the decline in crude oil production in the next fiscal while natural gas output is likely to see a rise.
Future Retail Ltd (FRL): The company reported the widening of its consolidated net loss to Rs 1,063.36 crore in Q3FY22, as against a net loss of Rs 846.92 crore in the corresponding quarter last year. Its total income in the reported quarter jumped 86.85 per cent to Rs 2,815.68 crore, from Rs 1,506.87 crore in the year-ago period.
Dish TV India Ltd: The direct-to-home company reported a 7.17 per cent decline in its consolidated net profit to Rs 80.21 crore for the third quarter of FY22, from a net profit of Rs 86.41 crore in the year-ago period. Its revenue from the operation was down 12.87 per cent to Rs 710.67 crore during the quarter under review as against Rs 815.67 crore of the corresponding quarter a year ago.
Manappuram Finance Ltd: The company’s consolidated net profit fell by 46 per cent year on year (YoY) to Rs 261 crore in Q3FY22, from Rs 483 crore the year-ago period. The company said that the PAT has been affected temporarily due to the shift from high-yield to lower-yielding gold loans as well as aggressive marketing spending. The net interest income (NII) for the reporting quarter declined by 12.3 per cent YoY at Rs 953 crore from Rs 1,086 crore in Q3FY21.
Natco Pharma: The company said that its consolidated net profit increased by 27 per cent to Rs 80.4 crore in Q3FY22, as against a net profit of Rs 63.4 crore in the year-ago period. Revenue from operations rose to Rs 560.5 crore in the period under review from Rs 355.2 crore in the same period of the previous fiscal.
Jet Airways: The airline, which is working to restart operations that were grounded nearly three years ago, will receive Rs 50 crore as inter-corporate deposit from a company owned by Jalan group for certain expenses. Ankit Jalan is a member of the monitoring committee constituted under the resolution plan for the airline.
MTNL: The state-run telecom company reported widening of consolidated loss to Rs 659.28 crore in Q3FY22, as against a loss of Rs 637.78 crore in the same period a year ago. The consolidated revenue from operations declined by about 16 per cent to Rs 303.56 crore during the reported quarter from Rs 360.49 crore in the December 2020 quarter.