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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.31 per cent lower at 16,967, signalling that Dalal Street was headed for a negative start on Monday.
Asian share markets fell as rising Omicron cases triggered tighter restrictions in Europe and due to fears over its negative impact on global economic recovery. Japan’s Nikkei fell 1.72% and Topix was down 1.61%, Hang Seng dropped 1.14% and CSI 300 index was down 0.84%.
Indian rupee closed at 76.09 against the US dollar on Friday.
FII/DII Trading Data on Friday (17-12-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 13370.05 | 15439.95 | (2069.9) |
| DII | 9499.96 | 8021.44 | 1478.52 |
| *All numbers are in INR crore | |||
Stocks in News Today
ICICI Bank: The lender has raised Rs 5,000 crore through 10-year bonds at a coupon rate of 6.96 per cent to fund its regular business operations. The bonds are rated “AAA” with stable outlook, the bank informed the stock exchange. The money was raised through private placement of bonds.
IRB Infrastructure Developers Ltd: The company said it has received a letter of award from the Uttar Pradesh Expressways Industrial Development Authority for developing the Group 1 of Ganga Expressway greenfield project. The company said it will develop the 129.7-km stretch from Meerut to Badaun under Group 1 of the four groups of the project, with cost outlay of Rs 6,555 crore, under the Design, Bid, Finance, Operate and Transfer (DBFOT) model.
Jet Airways: The winning consortium of the company said it wants to infuse funds in the airline and has approached the NCLT to fast-track implementation of the resolution plan approved by the insolvency court in June this year. The consortium, in a statement, also said it plans to restart domestic operations at the earliest in 2022 as a full-service carrier.
Brookfield India Real Estate Trust: the company will acquire 100 per cent stake in Seaview Developers Private Limited, which owns Candor TechSpace N2, for a total acquisition price of Rs 3,970 crore, the company said. The acquisition will be financed through a combination of preferential issue of Rs 950 crore at a price of Rs 294.25 per unit, and a property level debt issue of Rs 2910 crore at 6.78 per cent per annum.
Airtel: The telco has acquired an additional 2.86% stake in software development firm Vahan after acquiring 8.8 per cent stake in Vahan in 2019. The transaction is expected to conclude by June next year. Vahan leverages artificial intelligence to match job seekers with employers.
ITC Ltd: The FMCG-to-agri company on Saturday said it has bought 8.7 per cent equity stake in Mother Sparsh Baby Care, a direct-to-customer ayurvedic and natural personal care brand. It has acquired 100 equity shares of Rs 10 each and 940 compulsorily convertible preference shares of Rs 10 each of Mother Sparsh Baby Care in the first tranche.
Union Bank of India: The public-sector lender raised Rs 1,500 crore in capital through additional tier I bonds (AT1 bonds). The issue size was Rs 500 crore with a green shoe option of Rs 1,000 crore. The coupon rate was 8.4 per cent, according to a filing with the BSE.
Gujarat Alkalies and Chemicals Ltd and GAIL India: Both the companies signed a memorandum of understanding to set up a 500 KLD (kilolitre per day) bioethanol plant at an estimated investment of Rs 1,000 crore in Gujarat. This plant will be using corn or rice husk as feedstock to produce 500 KLD bioethanol. The estimated project cost is Rs 1,000 crore, and it is expected to generate an annual turnover of Rs 1,500 crore.