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Market Opening - An Overview
SGX Nifty futures were trading 0.19% lower at 16,528, signalling Dalal Street was headed for a negative start.
Asian shares were mixed with the Nikkei 225 and Topix rising 0.71% and 1.31%, respectively, while China’s Hang Seng falling 0.84% and CSI 300 losing 0.17%.
India’s GDP is estimated to have grown by 8.7 percent in FY22 after growth slid to 4.1 percent in January-March quarter (Q4FY22), according to data released by the Ministry of Statistics and Programme Implementation.
India’s eight core sectors grew 8.4 percent in April, quickening from a revised 4.9 percent in March, the commerce ministry said on May 31.
The Indian rupee ended 10 paise lower at 77.64 against the US dollar on Tuesday.
eMudhra, India’s largest licensed certifying authority will make its stock market debut today. The company raised Rs 412.79 crore through initial public offering (IPO). The issue price was fixed in the range of Rs 243-256 apiece. The issue was overall subscribed 2.72 times.
FII/DII Trading Data
Stocks in News Today
Bharat Dynamics Limited (BDL): The company and the Ministry of Defence (MoD) have signed a contract for building Astra Mark-1 beyond visual range air-to-air missiles (BVRAAMs) worth Rs 2,971 crore for the Indian Air Force (IAF) and the Navy.
Bata India: The parent company of footwear maker will sell 2.8% stake via block deal. The floor price is set at Rs 1,750 per share (6.8% discount to current market price). Deal size would be Rs 630 crore.
HFCL: The telecom gear maker said it has bagged an order worth Rs 237.25 crore from a private telecom operator for supplying optical fibre cables. The order is expected to be executed by October 2022.
Hitachi Energy India: The utility firm announced the reappointment of N Venu as its Managing Director and CEO. He has been re-appointed for a term of five years commencing December 2, 2022.
Religare: The NBFC and its subsidiary Religare Finvest have settled with markets regulator Sebi a case pertaining to alleged financial mismanagement and diversion of funds after collectively paying Rs 10.5 crore towards settlement fees.
Nxtdigital: The Hinduja group firm and Thaicom have signed a memorandum of understanding to form a strategic partnership to enter the broadband-over-satellite market and related services in India. The partnership includes deployment of broadband-over-satellite (BoS) systems on India-focused capacity.
AU Small Finance Bank (AUSFB): The bank has fixed June 10 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus shares in the ratio of 1:1.