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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 1.11% higher at 16,794, signalling that Dalal Street was headed for a gap-up start on Friday.
Tokyo stocks were trading higher, extending rallies on Wall Street ahead of US jobs data due later in the day. The Nikkei 225 index was up 1.09%, while the Topix rose 0.27%.
Indian rupee fell 8 paise to 77.60 against the US dollar on Thursday.
Aether Industries, a speciality chemical maker, will make its debut on the bourses today. The issue price has been fixed at Rs 642 per share.
FII/DII Trading Data
Category | Net Value (INR in Cr) |
FII/FPI | (451.82) |
DII | 130.63 |
Stocks in News Today
UltraTech Cement: The company’s board has approved an investment of Rs 12,886 crore ($1.66 billion) to increase its annual capacity by 22.6 mtpa with a mix of brownfield and greenfield expansion. The company in an exchange filing said that this would be achieved by setting up integrated and grinding units as well as bulk terminals.
Airtel and Muthoot Finance: Airtel Payments Bank said it has partnered with Muthoot Finance to offer gold loans through Airtel Thanks app. There will be no-processing charge on the loan and Muthoot Finance will provide up to 75 per cent of the pledged gold value as a loan, the payments bank said.
Coal India: The company will issue a short-term and a medium-term tender next week to import coal for utilities, Reuters reported citing two senior officials at the company, as shortages raise concerns about renewed power outages. The short-term tender will seek delivery of imported coal between July and December, while the medium term tender will demand supplies between July 2022 to June 2023, the officials said.
Castrol India: The company and MG Motor India are set to collaborate with Jio-bp to explore mobility solutions for electric cars. Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol’s existing auto service network to cater to EV customers.
Deepak Nitrite: The company’s manufacturing facility in the Nandesari GIDC area in Vadodara caught a massive fire after five chemical blasts. The company said in a statement that it was monitoring the situation and that loss of property was insured.
YES Bank: The lender plans to buy back overseas bonds worth up to $200 million and issued under the Medium Term Note Programme. The bank will do the repurchase at 97% of the principal amount of the notes, which tendered after the end of the early tender offer period but at or before the expiry of the tender offer.
ITC: The company’s IT arm ITC Infotech said it has paid an amount of $33 million (around Rs 256 crore) to PTC as part of an agreement to acquire a substantial portion of the American company’s product lifecycle management implementation services.
Godrej Industries: The company has invested Rs 690 crores in its arm Godrej Capital. With this, it has increased its holding from 87.11 per cent to 91.81 per cent in the latter.
MTAR Technologies: The defence company has entered into a share purchase agreement with sellers and GEE PEE Aerospace & Defence for acquisition of a 100 percent stake in GEE PEE Aerospace & Defence. The acquisition cost is Rs 8.82 crore.
Hindalco Industries: The company has completed the divestment process for Hindalco Do Brazil Industria Comercia de Alumina LTDA.
GR Infraprojects: The company has signed a concession pact with National Highways Authority of India for a Rs 1,577 crore road project.