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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.17% higher at 17,298.50, indicating that Dalal Street was headed for a positive start on Thursday.
Most Asian share markets were trading in the positive territory tracking Wall Street which rose amid light volumes. Japan’s Nikkei edged down 0.07% , Topix inched up 0.05%. Hang Seng rose 0.62% and CSI 300 gained 0.97%.
Indian rupee slipped 9 paise to close at 74.74 against the US dollar on Wednesday.
FII/DII Trading Data on Wednesday (29-12-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 3417.8 | 4393.03 | (975.23) |
| DII | 5016.04 | 4009.11 | 1006.93 |
| *All numbers are in INR crore | |||
Stocks in News Today
IRB Infrastructure Developers Ltd: The company said it has completed its fund raising of Rs 5,347 crore from Cintra INR Investments BV and Bricklayers Investments Pte Ltd. The company in a statement said Cintra has invested Rs 3,180 crore through preferential placement, holding up to 24.9% stake in the company, while, Bricklayers Investment has invested Rs 2,167 crore through preferential issue, holding up to 16.9% stake in the company.
SJVN: The State-owned hydroelectric power producer said it will invest Rs 60,000 crore to harness 5,097 megawatts (Mw) of hydropower in Arunachal Pradesh. SJVN Chairman and Managing Director Nand Lal Sharma held a meeting with Arunachal Pradesh Deputy Chief Minister Chowna Mein in New Delhi to discuss a road map to develop hydroelectric projects, according to a statement.
Varun Beverages: The beverage maker has incorporated a new entity ‘Varun Beverages RDC SAS’ in the Democratic Republic of Congo to start the business of manufacturing, selling, trading and distribution of carbonated and non-carbonated beverages.
RBL Bank Ltd: Depositors of the bank need not worry about the safety of their money as Section 45 of Banking Regulation Act will protect their interests, said C.H. Venkatachalam, General Secretary, All India Bank Employees’ Association (AIBEA). He also said that the branch expansion by RBL Bank within a short span of time — from 92 branches in 2010 to 462 in 2021 — resulted in increased operational expenses, deposits as well as loans and finally the non-performing assets (NPA).
Bharat Petroleum Corporation: Life Insurance Corporation of India acquired a 2.02% stake in the company via open market transactions. With this it has increased its shareholding to 7.03% from 5.01% earlier.
HP Adhesives: Foreign investor Nexus Global Opportunities Fund exited the company by selling 3.04 lakh equity shares in the company at Rs 369.2 per share on the BSE, according to bulk deals data.
Sigachi Industries: Foreign investor 3 Sigma Global Fund sold 2.46 lakh equity shares at Rs 403.4 per share on the NSE, and offloading 3 lakh equity shares at Rs 402.01 per share on the BSE, the bulk deals data showed.
NTPC Limited: The state-owned company said it has received around Rs 135 crore as interim dividend from a joint venture company. In a statement, the power giant said this is the second interim dividend paid by NTPC Tamil Nadu Energy Company Limited (NTECL) in the current fiscal. NTECL is a 50:50 joint venture between NTPC and TANGEDCO.