Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.73 per cent higher at 17,336.50, signalling that Dalal Street was headed for a positive start amid investors keenly awaiting RBI’s interest rate policy decision on Wednesday.
Asian shares were trading higher, tracking the US markets as concerns over the Omicron variant of the coronavirus waned. Japan’s Nikkei was up 1.12%, Topix rose 0.63%, Hang Seng gained 0.28% and CSI 300 climber 0.895.
Indian rupee inched down 2 paise to close at 75.44 against the Us dollar on Tuesday.
FII/DII Trading Data on Tuesday (07-12-2021)
|Category||Buy Value||Sell Value||Net Value|
|*All numbers are in INR crore|
Stocks in News Today
Reliance Industries Ltd: The conglomerate said that it will partner with Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) to invest $2 billion in setting up a petrochemical production facility in the UAE. The new joint venture will construct and operate a chlor-alkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC) production facility, with an investment of more than $2 billion.
Reliance Capital: The company said that the National Company Law Tribunal (NCLT) has admitted the case of the company for the corporate insolvency procedure. Shares of the company fell over 4 per cent to close at Rs 14.10 on Tuesday. Nageshwar Rao Y has been appointed as the administrator of the company, through an order dated December 6, 2021, it said further.
Hindustan Zinc: The company said its board has approved an interim dividend of Rs 18 per equity share for 2021-22, amounting to Rs 7,605.57 crore. The interim dividend will be paid within stipulated timelines, the company said in a regulatory filing. The record date for purpose of determining the eligibility for payment of the interim dividend is December 15.
Brightcom Group: The company has bought 100 per cent stake in MediaMint, a digital marketing company, for Rs 566 crore. As per the deal, MediaMint shareholders will get Rs 360 crore in cash, Rs 170 crore in Brightcom stock and Rs 36 crore will be paid within six months from closing of the deal.