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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.06% lower at 17,256 , signalling that Dalal Street was headed for a flat to negative start on Friday.
Asian stocks extended a selloff on Friday as investors were concerned over geopolitical risks from the Russia-Ukraine standoff after news reports of an exchange of fire in eastern Ukraine and fresh U.S. warnings of an imminent Russian invasion. Nikkei fell 0.51%, Topix dropped 0.43%, Hang Seng was down 0.49% and CSI 300 slipped 0.17%.
Indian rupee slipped 4 paise to 75.11 against the US dollar on Thursday.
FII/DII Trading Data (17-02-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 6078.38 | 7320.48 | (1242.1) |
| DII | 4617.33 | 3716.23 | 901.1 |
| *All numbers are in INR crore | |||
Stocks in News Today
Indian Oil Corporation (IOC): The oil marketing company raised Rs 1,500 crore debt through a bonds issue at a coupon rate lower than government bonds. IOC priced its five-year rupee bonds at a coupon rate of 6.14 per cent tighter than a similar maturing government bond that is trading at an annualised yield of 6.29 per cent. IOC Director (Finance) Sandeep Gupta said that the money raised is for general corporate purposes.
Ambuja Cements Ltd: The company’s consolidated profit fell by 55.5 percent to Rs 431 crore in Q4CY21, against Rs 968 crore in Q4CY20. Its revenue rose 2.3 percent to Rs 7,625 crore, against Rs 7,453 crore during the same period a year ago. The company approved final dividend at Rs 6.30 per share.
The company has approved an investment of Rs 3,500 crore, for a cement grinding expansion plan. The expansion plan of potential 7 million tonnes will be across their existing grinding units at Sankrail and Farakka as well as at a greenfield location at Barh in Bihar.
Ashok Leyland: The truck maker is expecting a strong comeback in the commercial vehicle segment this year as it looks to consolidate its position in the intermediate commercial vehicle (ICV) segment and reap benefits of enhanced demand for its modular AVTR range. The company is also betting on overall improvement in the economic situation and a gradual easing of supply chain issues to cross 30 per cent market share in the commercial vehicle (CV) segment in FY23.
Future Retail: The company has approached lenders with a plea to allow it to make interest payments of about $ 14 million on the foreign currency denominated bonds. The company has already missed repayment due last month and the 30-grace period is expected to end early next week.
Hero MotoCorp: The Delhi High Court has formed an arbitral tribunal in a dispute between Hero Electric and Hero MotoCorp. The court has formed a arbitration panel of three retired judges — Indu Malhotra, Deepak Mishra and Indermeet Kaur — to decide on whether Hero Electric has exclusive rights to use the Hero trademark for its electric vehicles.
Lupin Ltd: The pharma company said it has received an approval from the US health regulator for its supplemental New Drug Application (sNDA) for usage of its antibiotic Solosec in adolescents for treatment of both bacterial vaginal infection in females and sexually transmitted infection, trichomoniasis.
Apollo Hospitals: The company has signed a pact with Marafon Group for setting up a first-of-its kind tertiary care hospital in Uzbekistan. The partnership will provide quality healthcare for over 60 million people of Uzbekistan and bordering regions of Kyrgyzstan, Kazakhstan and Tajikistan.