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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading marginally higher by 0.03% at 17825.50, indicating that Dalal Street was headed for a flat opening on Friday.
Asian shares were mixed as investors awaited the American labour market data. Japan’s Nikkei was down 0.41% and Topix fell 0.48%. Hang Seng index rose 0.62% and CSI 300 gained 0.32%.
Indian rupee fell 4 paise to 74.42 against the US dollar on Thursday.
FII/DII Trading Data on Thursday (06-01-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 6563.72 | 8490.49 | (1926.77) |
| DII | 6661.19 | 5860.28 | 800.91 |
| *All numbers are in INR crore | |||
Stocks in News Today
Reliance Industries Ltd: The company’s retail arm Reliance Retail has bought a 25.8% stake in Dunzo, India’s leading quick commerce player, for $200 million (about Rs 1,488 crore) as it looks to expand its presence in online grocery delivery business.
Meanwhile, the company’s telecom arm Jio said that its users can now set standing instructions for auto-debit for their tariff plans through UPI after a tie-up between the telecom player and NPCI. National Payments Corporation of India (NPCI) and Jio in a joint announcement said that UPI AUTOPAY has now been introduced for the telecom industry with Jio.
Titan Company Ltd: The firm witnessed strong demand across its consumer businesses and registered a 36% revenue growth over the festive quarter of 2021, the company said in the quarterly update. Its revenue from the jewellery segment during the October-December quarter surged by 37% YoY, the watches and wearables revenue segment grew by 28% YoY. Its eye-wear segment also saw a growth of about 27% YoY.
Larsen & Toubro (L&T): The construction’s water and effluent treatment business has secured a slew of orders from various clients. The Department of Water Supply and Sanitation, Punjab, has awarded two EPC (engineering, procurement and construction) orders for the bulk supply of treated water to 10 lakh people in the Fazilka and Ferozepur districts of the state on a design-build-operate-transfer (DBOT) basis, Larsen & Toubro (L&T) said in a filing to the BSE. The Department of Water Resources, Government of Odisha, has given a repeat EPC order to execute the Under Ground Pipeline Irrigation System for the Rengali Right Irrigation Project (Phase-I).
Airtel: The company’s Payments Bank announced a collaboration with Park+ to offer FASTag-based smart parking solutions to marquee commercial and residential properties across the country. The partnership aims to utilize the distribution reach and digital payments stack of Airtel Payments Bank to digitise the parking ecosystem using FASTag associated with the vehicle.
Tata Consumer Products: Tata Starbucks on Thursday announced entry into six new markets as part of its expansion into smaller cities in India. With these new additions, the company now operates 252 Starbucks stores in 26 cities. Tata Starbucks is a 50:50 joint venture between Tata Consumer and Starbucks Corporation.
HCL Technologies: The IT major said it has completed the acquisition of a 51 % stake in German IT consulting company Gesellschaft fr Banksysteme GmbH (GBS) for 99000 euros. Deutsche Apotheker- und rztebank eG (apoBank), the largest cooperative primary bank in Germany, will own the remaining 49 % stake.
ICICI Prudential: The company has announced the launch of country’s first silver ETF fund of fund, which is an open-ended fund, offering a good mix of all asset classes. The fund will open on January 13 and closes on January 27. The fund house said it was the first to launch a silver ETF in the country and has now launched the first silver ETF FoF–ICICI Prudential Silver ETF fund of fund.
Macrotech Developers (Lodha): The realty firm reported a 40 % increase in sales bookings to Rs 2608 crore during the quarter ended December from Rs 1862 crore in the year-ago period, on higher housing demand. This helped the company to trim net debt by 20 % to Rs 9925 crore from Rs 12477 crore at the end of September quarter.
Anand Rathi Wealth: The company reported an over two-fold jump in profit after tax (PAT) at Rs 32.04 crore for three months ended December 2021, from Rs 13.12 crore in the same quarter of the preceding fiscal. Total revenue rose by 55% to Rs 108.66 crore in the quarter under review from Rs 70.15 crore in the quarter ended December 31, 2020.
Colgate-Palmolive India: The distributors in Maharashtra have decided to resume the supply of the company’s products after the company gave an assurance to correct the issue of price parity on the ground between the traditional trade and organised distribution channel. The All India Consumer Products Distributors Federation (AICPDF) has decided to see if there are any changes on the ground over the next three months and will decide the future course of action accordingly.
Godrej Consumer Products: The company said it is expecting a low volume growth and margin dilution in Oct-Dec quarter due to inflation during the period. The Godrej group’s FMCG arm expects to deliver close to “high single-digit” sales growth in the domestic market, largely driven by pricing. GCPL’s total revenue from operations in Q3FY21 stood at Rs 3,055.42 crore.
SJVN: The state-run power stations have clocked the highest ever 1,480 MU (million units) of electricity generation in the October-December quarter of 2021-22. SJVN has surpassed the previous record of 1,343 MU in the corresponding period of FY 2019-20, from all its power stations, Nand Lal Sharma, Chairman and Managing Director, SJVN said in a statement.