Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.39% lower at 17,978, signalling that Dalal Street was headed for a negative start on Tuesday.
Asian shares were trading lower on growing concerns about inflation and the Fed’s plans to cut back its stimulus. Japan’s Nikkei was down 0.87%, Topix fell 0.72%. China’s CSI 300 dropped 0.35% and Hang Seng inched down 0.09%.
Indian rupee rose 27 paise to 74.04 against the US dollar on Monday.
FII/DII Trading Data (10-01-2022)
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Stocks in News Today
Reliance Jio, Airtel, Vodafone Idea: Telecom service providers’ gross revenue declined by 1.36 per cent on a year-on-year basis to Rs 67,300 crore in the July-September 2021 quarter, according to a Trai report released on Monday. Reliance Jio reported highest adjusted gross revenue (AGR) of Rs 18,467.47 crore during the reported quarter. It was followed by Bharti Airtel (Rs 14,730.85 crore), Vodafone Idea (Rs 6,337.58 crore)
Paytm: Digital payments firm Paytm posted over four-fold jump in loan disbursals from its platform both in terms of numbers and value in the quarter ended December 31, 2021. Paytm disbursed 44 lakh loans worth Rs 2,180 crore during the quarter as compared to 8.81 lakh loans worth Rs 470 crore disbursed from its platform in the year-ago period.
Larsen & Toubro (L&T): The company said its construction arm has bagged a significant order from National High Speed Rail Corporation Ltd (NHSRCL). The scope of the project comprises of designing and construction of civil and building works for a double-line Mumbai-Ahmedabad High Speed Rail Project of a length of 8.198 km, L&T said in a statement.
Reliance Industries Ltd: The conglomerate is the leading contenders to acquire bankrupt Sintex Industries, said the source. RIL, in partnership with Assets Care & Reconstruction Enterprise, has offered a Rs 2,863 crore resolution plan that includes 10% equity to lenders.
Future Group: The global e-commerce company Amazon has moved the Supreme Court against the Delhi High Court order, which stayed the ongoing arbitration proceedings with the Future Group, in connection with the 2019 deal between the firms, according to IANS news report. The sources said the counsel are trying to list this matter for this week.
SJVN Ltd: The company said it has been given category ‘I’ licence for the inter-state trading of power in the entire country by the Central Electricity Regulatory Commission. According to the CERC order, no objections were received on the petition of SJVNL for grant of a category ‘I’ licence for inter-state trading in electricity in the whole of India.
RailTel Corporation of India Limited (RCIL): The public-sector undertaking has declared an interim dividend at the rate of 17.5% of paid-up share capital for the financial year 2021-22, a statement from the organisation said on Monday. The total pay-out of the dividend is around Rs 56 crore, the central government public sector unit under the Ministry of Railways said.