Pre Market Analysis: Dalal Street may open higher; Reliance Capital, Coal India and Indiamart in news today

Market Opening - An Overview

SGX Nifty futures were trading 0.21% higher at 17,126.50, signalling that Dalal Street was headed for a positive start on Tuesday.

India’s GDP data is expected today after market hours. 

Asian shares were mixed as investors were cautiously optimistic amid easing concerns over the omicron coronavirus strain. Japan’s Nikkei was up 0.81% and Topix was 1.09% higher. Hang Seng fell 1.24% and CSI 300 was 0.21% down.

Indian rupee fell 23 paise to 75.10 against the Us dollar on Monday.

Go Fashion is expected to debut with a 65-70 per cent premium on the stock exchange today based on the IPO subscription and grey market premium.  

FII/DII Trading Data on Monday (29-11-2021)

CategoryBuy ValueSell ValueNet Value
*All numbers are in INR crore

Stocks in News Today

Reliance Capital: The NBFC’s board has been superseded by the Reserve Bank of India due to defaults and governance issues. The RBI said the company would go for insolvency proceedings shortly. The central bank has appointed Nageswar Rao Y, former executive director of Bank of Maharashtra, administrator of Reliance Capital.

Coal India Ltd: The company will pay the Indian government an interim dividend of Rs 3667 crore for the current fiscal year. The PSU announced a 90 per cent interim dividend for the fiscal year 2022, and the total outgo for the purpose will be around Rs 5,546 crore. The government holds a 66.13 per cent stake in Coal India. The price for the interim dividend was fixed at Rs 9 per equity share for a face value of Rs 10.

IndiaMART InterMESH: The e-commerce company has acquired a stake in trade receivable discounting system services firm M1xchange for Rs 32.4 crore. The deal would provide a part exit to SIDBI Venture Capital Limited, an early-stage investor in M1xchange.

Punjab National Bank: The public-sector lender will invest in Open Network for Digital Commerce by buying more than 9 per cent stake in the company, which is yet to be incorporated. PNB in an exchange filing said that Open Network for Digital Commerce (ONDC) Ltd is being established with a mandate to develop an open network for digital commerce.

HAL: The aerospace company will manufacture four light utility helicopters (LUHs) under limited series production by 2022-23. Ajay Bhatt, Minister of State for Defence, replying to a question in Rajya Sabha, said that another eight LUHs will be built by 2023-24. He added that two each will go to the Indian Army and the Indian Air Force while the two forces will get four LUHs each from the second batch.

Union Bank of India: The lender has been imposed a fine of Rs 1 crore by the Reserve Bank of India for deficiencies in regulatory compliance. The RBI said that the bank had violated certain provisions related to sale of stressed assets and reporting of frauds.