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Market Opening - An Overview
SGX Nifty futures were trading 1.70 per cent lower at 16,805.50, signalling that Dalal Street was headed for a gap-down start on Thursday.
Asian stocks were trading lower on worsening Russia-Ukraine crisis after the Kremlin said separatists in eastern Ukraine asked President Vladimir Putin for help. Nikkei fell 1.09%, Topix was down 0.71%, Hang Seng rose 1.61% and CSI 300 was up 0.56%.
Indian rupee rose 32 paise to 74.56 against the US dollar on Wednesday. Brent crosses $100 per barrel for the first time since 2014.
FII/DII Trading Data (23-02-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 4623.64 | 8040.8 | (3417.16) |
| DII | 6892.39 | 3868.02 | 3024.37 |
| *All numbers are in INR crore | |||
Stocks in News Today
Bharti Airtel, Indus Towers and Vodafone Idea: Vodafone, the UK-based parent company of Vodafone Idea, is in talks to sell around five per cent stake in Indus Towers to Bharti Airtel, according to industry sources. The stake is estimated to be valued at over Rs 3,300 crore, and the proceeds will be pumped into the Indian entity Vodafone Idea.
IndiaMart InterMesh: The B2B e-commerce company will acquire 26 per cent stake in industrial e-commerce firm IB Monotaro for Rs 104.2 crore, the company said in a regulatory filing. Japan-based Monotaro will hold a 51.6 per cent stake in IB Monotaro while Emtex Engineering, representing the promoter group and early investors, will hold a 22.4 per cent stake in the company.
Reliance Jio: Reliance Industries’ telecom arm Reliance Jio has launched two new prepaid plans for its users priced at Rs 1,499 and Rs 4,199, which come with a Disney+ Hotstar Premium subscription. The new plans will allow users to experience Disney+ Hotstar Premium on their Jio numbers.
Dabur India and Indian Oil Corporation: Both the companies have announced an exclusive partnership to provide direct access of Dabur’s range of products to around 140 million Indane LPG consumer households across India. The initiative will help Dabur leverage IndianOil’s reach to Indian households through booklets that will be given to consumers through IndianOil’s delivery personnel.
Vedanta Ltd: The company said its board will meet on March 2 to consider and approve third interim dividend for the current financial year. The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as March 10, the filing said.
Ujjivan Small Finance Bank: The company said that it will seek shareholders’ approval to raise up to Rs 600 crore as equity capital by issuing shares to qualified institutional buyers in order to meet the regulatory requirements for amalgamation with its parent company. The lender will seek approval of shareholders for appointment and re-categorisation of Sudha Suresh as an Independent Director of the bank from the next fiscal year.
Welspun India: The company said it plans to raise Rs 500 crore by issuing non-convertible debentures (NCDs) or commercial papers on a private placement basis.