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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.41% lower at 17,904, signalling that Dalal Street was headed for a negative start on Thursday.
Most Asian stocks rose on Thursday as traders and investors evaluated the latest cut in Chinese benchmark mortgage rates. Nikkei 225 rose 0.40%, Topix was up 0.41%, Hang Seng jumped 1.90% and CSI 300 gained 0.89%.
Indian rupee rose 15 paise to 74.43 against the US dollar on Wednesday.
Upcoming Earnings
Asian Paints, Bajaj Finserv, Hindustan Unilever, Biocon, Havells India, Persistent Systems, PNB Housing Finance, Agro Tech Foods, Bajaj Holdings & Investment, Century Textiles & Industries, Container Corporation Of India, Cyient, Datamatics Global Services, Hatsun Agro Product, Lyka Labs, Bank Of Maharashtra, Mphasis, Reliance Industrial Infrastructure, Sasken Technologies, Shoppers Stop, South Indian Bank, Vimta Labs and VST Industries
FII/DII Trading Data (19-01-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 7690.73 | 10395.5 | (2704.77) |
| DII | 7241.45 | 7436.52 | (195.07) |
| *All numbers are in INR crore | |||
Stocks in News Today
Bajaj Auto: The two-wheeler maker reported a consolidated total revenue from operations of Rs 9,021.65 crore in October-December 2021 quarter, up 1.25% from Rs. 8,909.88 crore in the same period last fiscal. Net Profit stood at Rs. 1,429.68 crore in Q3FY22, down 16.7% from Rs. 1,716.26 crore in the year-ago period.
Larsen & Toubro Infotech Limited (LTI): The company reported a consolidated net profit of Rs 612 crore in Q3FY22 compared with a net profit of Rs 518.7 crore in the year-ago period. Revenue from operations stood at Rs 4137.6 crore in Q3FY22 as against Rs 3152.8 crore in the year-ago period.
ICICI Lombard: The private-sector general insurer reported a PAT of Rs 318 crore in Q3FY22 as against Rs 314 crore in the corresponding quarter the previous year. The company said its Gross Direct Premium Income stood at Rs 4,699 crore, up 16% YoY from Rs 4,034 crore in the year-ago period.
State Bank of India (SBI): The government has approved a sanction of Rs 973.74 crore to the lender as reimbursement related to loan moratorium that was implemented in 2020 amid the pandemic. The Budget had made provision of Rs 5,500 crore for the scheme of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts, said Anurag Singh Thakur, Information and Broadcasting Minister.
Tata Communications: The company posted a 27.8 per cent increase in consolidated net profit at Rs 395.21 crore for the third quarter ended December 2021 as against a net profit of Rs 309.41 crore in the same period a year ago. Total income declined marginally during the reported quarter to Rs 4,203.69 crore from Rs 4,231.05 crore in the year-ago period. The good earnings were attributed to good sequential growth in its data business, with digital platforms and solutions delivering robust results.
Rallis India Ltd: The company which is a subsidiary of Tata Chemicals reported a 13.3 per cent fall in its consolidated net profit to Rs 39.56 crore for the third quarter ended December 2021. It had posted a net profit of Rs 45.64 crore in the October-December quarter last fiscal. Revenue from operations in Q3FY22 jumped 10.1 per cent to Rs 628.08 crore, from Rs 570.47 crore in the year-ago period.
Saregama India: The company reported a 37.78 per cent increase in its consolidated net profit to Rs 43.54 crore for Q3FY22, compared with a net profit of Rs 31.60 crore in the October-December quarter of the last fiscal. Revenue from operations was up 12.27 per cent to Rs 150.34 crore in Q3FY22, from Rs 133.91 crore in the corresponding period of the last fiscal. The board of the company has approved an interim dividend of Rs. 30 /- per share, which is 300 per cent.
JSW Energy: The company reported more than two-fold jump in its consolidated net profit to Rs 324 crore for the December 2021 quarter, as against a consolidated net profit of Rs 124 crore in the year-ago quarter. Its total revenue during the reported quarter rose to Rs 1,984 crore, from Rs 1,659 crore in the year-ago period.
JSW Ispat Special Products Limited: The company posted a consolidated net loss of Rs 28.24 crore in Q3FY22 compared with a net profit of Rs 29.49 crore in the year-ago period. Its total income increased to Rs 1,476.46 crore during the reported quarter from Rs 1,163.61 crore in the year-ago period.
PTC India Financial Services Ltd: Three independent directors of the company have resigned from the board with immediate citing instances of alleged serious lapses in corporate governance and compliance. The company informed BSE that Kamlesh Shivji Vikamsey, Thomas Mathew T. and Santosh B. Nayar on account of reasons as mentioned by them in their resignation letters.
Cholamandalam Investment and Finance Company: The company has launched three new business divisions for consumer and small and medium enterprises segment. They are Consumer and Small Enterprise Loan (CSEL), Secured Business & Personal Loan (SBPL) and SME Loan (SME). The company has also partnered with leading Fintech companies – BankBazaar, Kreditbee and Paytail –to make their service and products available to their potential customers.
Tata Investment Corp: The company reported a 42.86 per cent jump in consolidated profit after tax to Rs 39.73 crore in the third quarter of FY22, as against a consolidated profit after tax of Rs 27.81 crore in the corresponding quarter of the previous financial year. Its consolidated total revenue from operations during October-December 2021 stood at Rs 50.97 crore as against Rs 27 crore in the year-ago period.
CEAT: The tyre company reported a consolidated net loss of Rs 20 crore for the December 2021 quarter, due to muted demand. The company had posted a net profit of Rs 132 crore in the third quarter of FY21. Its revenue from operations rose to Rs 2,413 crore during the third quarter as against Rs 2,221 crore in the year-ago period.