Get App
Market Opening - An Overview
Nifty futures on the Singapore Exchange traded 0.42% higher at 16,899, signalling that Dalal Street was headed for a positive start on Wednesday.
Asian shares were trading in the positive territory extending gains from the previous session as the global markets recovered from Omicron-fuelled sell-off. Japan’s Nikkei rose 0.11%, Topix was flat, Hang Seng was up 0.62% and CSI 300 edged up 0.09%.
Indian rupee gained 31 paise to close at 75.60 against the US dollar on Tuesday.
Mumbai-based footwear retailer Metro Brands will make its stock market debut on December 22. Metro Brands raised Rs 1,367.5 crore through its public issue.
FII/DII Trading Data on Tuesday (21-12-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 5883.4 | 7093.22 | (1209.82) |
| DII | 6138.6 | 4733.71 | 1404.89 |
| *All numbers are in INR crore | |||
Stocks in News Today
ITC: The conglomerate has raised its stake to 27.34% in Delectable Technologies, a company that operates the Azgo app and vending machines selling snacks and other fast-moving consumer goods. ITC announced that it has acquired 1964 Compulsorily Convertible Preference Shares of Rs 10 each of Delectable Technologies.
YES Bank: The lender is planning to raise funds up to Rs 10,000 crore through various instruments, including equity and bonds, to support business growth. The bank said in a regulatory filing that its board gave a nod for the fundraising proposal.
Indian Oil Corp (IOC), IEX: Indian Oil Corporation (IOC) said it has acquired a nearly 5 per cent stake in IEX’s subsidiary – Indian Gas Exchange Ltd (IGX) – the country’s first automated national level exchange for the trading of natural gas. IOC joins the likes of oil and gas explorer ONGC, gas utility GAIL Torrent Gas Pvt Ltd and Adani Total Gas Ltd which already have acquired 5 per cent equity each in IGX.
In other news, the CAG said IOC collected Rs 262.60 crore of turnover tax from consumers in Andhra Pradesh in violation of legal provisions of the Andhra Pradesh General Sales Tax Act, 1957. Afterwards, it settled the legal case with the Government of Telangana by making payment of Rs 65.65 crore against a total imposed penalty of Rs 262.60 crore. This resulted in “undue enrichment” to IOC by Rs 196.95 crore, the CAG said in a report tabled in Parliament.
ONGC: The company has been pulled up by the country’s apex auditor CAG or flaring of high-pressure gas valued at Rs 816.08 crore in the Mumbai High Field during 2012-13 to 2019-20, due to the non-availability of standby process gas compressors, power shutdowns and frequent tripping of process gas compressors. The CAG said that ONGC may also fix responsibility on the officials responsible for lapses which leads to avoidable flaring of high-pressure gas.