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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.62 per cent lower at 15,744, signaling that Dalal Street was headed for a negative start.
Most Asian stock indices were trading in the negative territory as investors remained cautious amid the ongoing Russian-Ukraine crisis and higher oil prices. Japan’s Nikkie fell 0.34%, Topix was down 0.54%, and CSI 300 lost 0.80%, while Hang Seng edged up 0.19%.
Brent crude was trading at $124.46 per barrel and WTI crude was trading at $119.48 per barrel.
Indian rupee fell 80 paise to 76.96 against the US dollar on Monday.
FII/DII Trading Data (07-03-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 7443.11 | 14925.19 | (7482.08) |
| DII | 13168.04 | 7837.01 | 5331.03 |
| *All numbers are in INR crore | |||
Stocks in News Today
ICICI Bank: The private-sector lender is planning to raise up to Rs 8,000 crore through infrastructure bonds to finance projects in the transport and power and affordable housing sectors, according to a Business Standard news report. Debt market sources said that rating agency CRISIL has assigned “AAA/Stable” for Rs 10,000 crore of bonds.
Tata Motors: Auto major Tata Motors said it has bagged a contract for 65 electric vehicles (EVs) from Kerala State Electricity Board (KSEB). The order includes 60 Tigor EVs and 5 Nexon EV SUVs. It is part of a competitive pan-India tender floated by KSEB in line with the state’s vision ‘Go Green/Carbon Neutral’ by 2030, Tata Motors said in a statement.
Coal India Ltd: The mining company will not have luxury to retain its loss-making mines with its aim to remain competitive in the wake of privatisation of coal blocks, Coal Secretary A K Jain said on Monday. It is also expected that India will have a surplus of coal for thermal power plants by next year even though electricity demand grows by six per cent, he said.
Future Group: The group’s companies will hold meetings of their respective shareholders and creditors between April 20 and April 23, 2022 to get their approval for the proposed Rs 24,713 crore deal with Reliance Retail. Listed Future Group entities such as Future Consumer Ltd updated the exchanges about the dates of the meetings.
IIFL Wealth Management Ltd: Fairfax Financial Holdings is in talks with potential bidders for the sale of its stake in IIFL Wealth Management Ltd., according to people familiar with the matter. Other major shareholders including General Atlantic could also consider joining Fairfax in selling their own stakes, the people said.
Dish TV India Ltd: Capital markets regulator Sebi directed the company to immediately disclose the results of its annual general meeting (AGM) held on December 30, 2021 to the exchanges. The order comes after Sebi received complaints from Yes Bank Ltd (YBL), IndusInd Bank and other shareholders alleging that Dish TV has wrongfully withheld the results of voting on various proposals put forth in the AGM.
Shriram City Union Finance: The company’s subsidiary Shriram Housing Finance has said its AUM or live loan grew 45 per cent so far this fiscal to cross the Rs 5,000-crore-mark, making it the fifth-largest in the low-cost housing loan segment. Shriram Housing Finance missed the target by two months due to the third wave of the pandemic, which delayed collection and disbursals. Its Rs 5,000-crore AUM target was set for December 2021.
Lupin Ltd: The pharma company said it has signed six-time world boxing champion and Olympics bronze medallist Mary Kom as brand ambassador for its Shakti campaign. The campaign is aimed at increasing awareness about heart diseases among women through interactive social media sessions, sharing informative videos from doctors, and in-clinic awareness activities for patients, the company said in a statement.