Get App
Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.71 per cent lower at 17,122.50, signalling that Dalal Street was headed for a negative start on Thursday.
Asian shares were mixed as investors were cautious over new cases of the Omicron coronavirus variant and a hawkish stance by the U.S. Federal Reserve. Japan’s Nikkei was down 0.66% and Topix was lower by 0.46%. Hang Seng edged up 0.13% and CSI inched higher by 0.01%.
Indian rupee rose 26 paise to 74.91 against the US dollar on Wednesday.
FII/DII Trading Data on Wednesday (01-12-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 8588.49 | 11354.33 | (2765.84) |
| DII | 6651.88 | 3184.86 | 3467.02 |
| *All numbers are in INR crore | |||
Stocks in News Today
Maruti Suzuki India (MSI): The country’s largest carmaker registered a 3 per cent drop in production in November. In a regulatory filing, the company reported total production of 1.45 lakh units in November compared to 1.50 lakh units in November 2020. “The shortage of electronic components had a minor impact on the production of vehicles during the month,” the automaker noted. MSI said total passenger vehicle production stood at 1,42,025 units in November 2021, as against 1,46,577 units in the year-ago period.
Reliance Jio, Vodafone Idea: Reliance Jio has complained to telecom regulator TRAI that the new tariff structure of Vodafone Idea allegedly restricts entry-level customers to port their mobile number from its network, PTI reported. This is because there is no outgoing SMS facility available in the entry level plans of Vodafone Idea.
Raymond Ltd: The company said that its board has approved the listing of its subsidiary JK Files & Engineering Ltd (JKFEL), which is in the business of auto parts manufacturing. The initial public offering (IPO) will also comprise an offer-for-sale (OFS) of Rs 800 crore. Moreover, the IPO will not have any fresh issuance of shares and will be undertaken subject to requisite regulatory approvals and market conditions.
NTPC Ltd: The company said that Aravali Power Company has paid an interim dividend of Rs 135 crore to NTPC for FY22. Aravali Power Company Private Limited (APCPL) is a joint venture company of NTPC, Indraprastha Power Generation Company Limited (IPGCL) and Haryana Power Generation Corporation Limited (HPGCL).
SJVN: The public-sector power producer requested the Uttar Pradesh government to allot the company more renewable power projects in the state, after bagging the 75 megawatts (MW) solar project in Jalaun. The development of the project will involve an investment of around Rs 392 crore and the project is scheduled to be commissioned by July 2022, according to the company.
IndiGrid: Infrastructure investment trust has received Letter of Intent (LoI) from REC Power Development and Consultancy (REC) to establish a transmission system for evacuation of power from renewable energy projects in Osmanabad area in Maharashtra, a statement said. The project is expected to be on build, own, operate and maintain basis for a period of 35 years through tariff based competitive bidding (TBCB), the statement added.
JMC Projects: The construction engineering company has secured two orders worth Rs 1,795 crore, including water supply projects worth Rs 1,085 crore. In addition, the company has also bagged an order for Buildings & Factories (B&F) projects worth Rs 710 crore in the country, it said in a statement. JMC Projects (India) Ltd is a subsidiary of Kalpataru Power Transmission Ltd and it is a leading civil construction and infrastructure EPC (Engineering Procurement and Construction) company.