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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.24% higher at 17,605.50, signalling that Dalal Street was headed for a higher start on Wednesday.
Asian shares were trading higher amid concerns over rapidly increasing inflation and escalating geopolitical tensions. Japan’s Nikkei rose 1.6% and Topix increased 1.01%. Hang Seng inched up 0.1% , while CSI 300 was down 0.35%.
The US Labor Department said on Tuesday that its consumer price index jumped 8.5 percent in March from 12 months earlier, the sharpest year-over-year increase since December 1981.
India’s benchmark inflation, as measured by the Consumer Price Index (CPI) jumped to 6.95% in March, the highest in 17 months.
Indian rupee closed 18 paise lower at 76.13 against the US dollar on Tuesday.
Upcoming Results
Infosys, Den Networks, and Lesha Industries will release its quarterly earnings on April 13.
FII/DII Trading Data (12-04-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 7047.27 | 10175.66 | (3128.39) |
| DII | 6629.33 | 5759.32 | 870.01 |
| *All numbers are in INR crore | |||
Stocks in News Today
Tata Power: The Delhi High Court agreed to hear Tata Power Delhi Distribution Ltd in connection with BSES Rajdhani Power Limited’s challenge to an order of the Ministry of Power on the transfer of power generated by a Dadri thermal station from the national capital to Haryana. Tata Power Delhi Tata Power Delhi Distribution Ltd is a subsidiary of Tata Power.
SpiceJet: The Supreme Court asked the low-cost airline to consider “giving some interest” to Kalanithi Maran and his Kal Airways for settling the dispute relating to a share-transfer issue. Senior advocate Mukul Rohatgi, appearing for the Spicejet, sought some time for either settling the dispute or arguing the matter.
TVS Motor Company: The company said its subsidiary Swiss E-Mobility Group (Holding) AG has acquired 100 percent shareholding in Alexand’Ro Edouard’O Passion Vélo Sàrl for 2.79 million Swiss Francs. The acquired company is primarily engaged in the sale of e-bikes as well as e-bike accessories across a range of premium e-bike brands such as TREK, Riese & Muller, Cannondale, Moustache and others.
Anand Rathi Wealth: The company reported an over three-fold jump in its profit after tax at Rs 35 crore for the quarter ended March 2022. Revenue rose by 49 per cent to Rs 115 crore in the quarter under review compared to Rs 77 crore in the year-ago period. For the entire financial year 2021-22, the company posted a PAT of Rs 127 crore and a revenue of Rs 426 crore.
Future Enterprises Ltd (FEL): The debt-ridden company said it has defaulted on payment of Rs 9.10 crore interest on non-convertible debentures. The payment was due on April 11.
Tinplate Company of India Ltd (TCIL): The company reported a two-fold jump in its profit at Rs 114.41 crore for the quarter ended March 2022. The company had posted a profit of Rs 56.15 crore in the year-ago period, TCIL said in an exchange filing. The total income of the company during January-March quarter increased to Rs 1,238.35 crore compared to Rs 762.86 crore in the year-ago period, the filing said. TCIL is a subsidiary of Tata Steel Ltd.
Hathway Cable & Datacom: The company recorded lower consolidated profit at Rs 28.42 crore for quarter ended March 2022, down 60.6 percent compared to Rs 72.14 crore profit in year-ago period due to tepid revenue growth. Revenue during the quarter increased by 2.3 percent YoY to Rs 448.8 crore in Q4FY22.
Simplex Infrastructures: The company in a BSE filing said the board has approved raising of funds up to Rs 421.8 crore by issuing equity shares and warrants at a price of Rs 56.61 per share, to Swan Constructions.