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Market Opening - An Overview
SGX Nifty futures were trading 0.76 per cent lower at 17,883.50, signalling that Dalal Street was headed for a negative start on Wednesday.
Asian stocks were trading lower after hawkish comments from a Federal Reserve official, who hinted at a rapid paring of its balance sheet to fight inflation. Japan’s Nikkei fell 1.89%, Topix dropped 1.37%. Hang Seng lost 1.85% and CSI 300 was down 0.82%.
Indian rupee closed 22 paise higher at 75.32 against the US dollar on Tuesday.
FII/DII Trading Data (5-4-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 7096.6 | 6721.71 | 374.89 |
| DII | 6384.18 | 6278.76 | 105.42 |
| *All numbers are in INR crore | |||
Stocks in News Today
Tata Steel: The company said its consolidated steel output stood at 7.57 million tonnes (MT) for the quarter ended March 31, 2022, a fall of about 3 per cent year-on-year. The company had produced 7.80 MT of steel during the January-March quarter of financial year 2020-21. Its total sales rose by over 4 per cent to 7.82 MT in the fourth quarter, from 7.51 MT in the year-ago period.
TVS Motor Company: The two-wheeler manufacturer and Jio-bp announced that they have agreed to explore the creation of a robust public EV charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp’s growing network in this space. The customers of TVS electric vehicles are expected to get access to the widespread charging network of Jio-bp, which is also open to other vehicles.
NTPC: State-run power giant has inked a pact with Gujarat Gas Ltd for an initiative to blend green hydrogen with the piped natural gas (PNG) supplied by the latter. Green hydrogen will be produced by using electricity from the existing 1 MW floating solar project of NTPC Kawas and this will be blended with PNG in a pre-determined proportion, which will be used for cooking applications in NTPC Kawas Township.
Bandhan Bank: The private bank’s overall collection efficiency ratio (CER) stood at 96 per cent at the end of financial year 2021-22, against 93 per cent in the preceding third quarter. Loans and advances of the bank grew 16 per cent year-on-year at Rs 1,01,359 crore at the end of March 31, 2022, while its total deposits increased to Rs 96,331 crore year-on-year at the end of last quarter on 2021-22.
Poonawalla Fincorp Ltd: The company’s assets under management (AUM) rose by 17 per cent to Rs 16,575 crore in FY22. The AUM for the housing finance subsidiary Poonawalla Housing Finance crossed the Rs 5,000 crore milestone. The disbursements for Q4FY22 were about Rs 3,330 crore and for FY22 they stood at Rs 9,490 crore.
Marico: FMCG major said its domestic business in the January-March quarter stayed relatively firm, helped by “low single-digit” revenue growth and marginally positive volumes. The company expects a “marginal growth” in profits in Q4 due to a rise in input costs, higher advertising and promotional spending.
Wipro: The company will continue to invest in Telangana as the state government here is progressive, Founder-Chairman of Wipro Group, Azim Premji, said. The company has invested Rs 300 crore to set up the facility and is creating direct and indirect employment for about 900 people, with over 90 per cent of employment opportunities for the locals.
Dr Lal PathLabs: Diagnostic services provider said it has launched a pilot project to use drones for transporting blood samples. The use of drones would expand the company’s services to inaccessible locations, the company said.
Torrent Power: The company has raised Rs 600 crore through the issuance of 6,000 non-convertible debentures (NCDs) on a private placement basis. The issue is expected to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Ltd.