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Market Opening - An Overview
SGX Nifty futures were trading 1.53 per cent higher at 16,908 signalling that Dalal Street was headed for a gap-up start on Wednesday.
Asian stocks were trading higher, tracking the US markets, as oil prices fell and investors awaited the US Federal Reserve monetary policy decision. Japan’s Nikkie rose 1.67% and Topix advanced 1.53%. In China, CSI 300 index gained 0.48% and Hang Seng surged 2.79%.
The rupee slipped 5 paise to close at 76.61 against the US dollar on Tuesday.
FII/DII Trading Data (15-03-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 10,225.3 | 11,475.04 | (1,249.74) |
| DII | 6,957.09 | 6,858.84 | 98.25 |
| *All numbers are in INR crore | |||
Stocks in News Today
Tata Motors: The automaker is planning to invest Rs 15,000 crore in the EV segment in the next five years, a top company official has said. The company is also planning to develop around 10 more new offerings in the segment, President for Passenger Vehicles Business of Tata Motors Shailesh Chandra said.
Paytm and PB Fintech (Policy Bazaar): Softbank managing partner Munish Ravinder Varma has resigned from the board of the digital financial services company One97 Communications, which operates under the Paytm brand, and PB Fintech, according to regulatory filings by both companies. Varma tendered his resignation vide resignation letter dated March 14, 2022, with effect from the closure of business hours on March 14, 2022, due to personal commitments and other preoccupations,” Paytm said.
Zomato: Online food delivery platform said its board has approved granting a loan of up to USD 150 million (around Rs 1,145 crore) to digital grocery shopping player, Grofers India Pvt Ltd (GIPL). The board has also approved acquisition of 16.66 per cent take in food robotics and automation firm, Mukunda Foods Pvt Ltd, for an aggregate cash consideration of rupee equivalent of USD 5 million, Zomato said in an exchange filing.
ITC: The cigarette maker has acquired 1,040 compulsorily convertible preference shares worth Rs 10 each of Mother Sparsh Baby Care.
Punjab National Bank (PNB): The public-sector lender has reported a fraud of Rs 2,060.14 crore in IL&FS Tamil Nadu Power Company Ltd at a corporate branch in Delhi. The bank has already made provisions amounting to Rs 824.06 crore, according to RBI norms.
IndiGo (InterGlobe Aviation): The budget carrier has started flights between India and Thailand from Tuesday onwards after a span of two years, a statement said. “The flights will connect Bangkok with Delhi, Mumbai, Kolkata, Chennai and Bengaluru and Phuket with Delhi and Mumbai,” it stated. According to the new rules, travellers will need a negative PCR lab result before arrival and two more PCR tests after landing one upon entry and another on their fifth day in Thailand, it noted.
Eicher Motors: Mid-sized motorcycle maker of Royal Enfield on Tuesday launched its new bike model Scram 411 with introductory prices starting at Rs 2.03 lakh (ex-showroom Chennai). The Scram 411 is built on Royal Enfield’s LS-410 engine platform and the Harris Performance chassis and combines agility on urban streets with competent rough-roading capabilities, said the company.
Macrotech Developers: The realty firm said its arm Lodha Developers International Ltd, Mauritius has prepaid $170 million (approx. Rs 1,298 crore) of debt after recording better sales performances in its two projects in London. The redeemed Notes shall be cancelled and delisted from the Singapore Exchange Securities Trading Limited. The remaining Notes of $55 million continue to be listed on the Singapore Exchange Securities Trading Ltd.
India Power: The company and E2S Power have signed an MoU to work on transforming fossil fuel power station into thermal storage systems for renewable energy in the country. Under the MoU, India Power and E2S Power will work with major companies in the power and renewable energy sector in India to identify, evaluate and offer optimized integrated thermal energy solutions for existing plants and facilities being phased out, a statement said.