Get App
Market Opening - An Overview
SGX Nifty futures were trading 0.96% higher at 15,821, signalling that Dalal Street was headed for a positive start on Thursday.
Most Asian shares were trading higher, tracking Wall Street, after the U.S. Federal Reserve increased the interest rate and cut its growth projections. Japan’s Nikkei 225 index rose 1.4% and Topix gained 1.26%. China’s Hang Seng slipped 0.04% and CSI 300 advanced 0.42%.
Wall Street rallied after a policy announcement by the Federal Reserve that raised interest rates by 75 basis points in line with market expectations as the central bank seeks to fight rising inflation without sparking a recession. It projected a slowing economy and rising unemployment in the months to come.
The Indian rupee ended flat at 74.40 against the US dollar on Monday.
India’s trade deficit hit a record $24.3 billion in May, higher than estimates, amid a sharp jump in gold imports to $2.8 billion, according to the latest data released by the commerce ministry.
FII/DII Trading Data
Stocks in News Today
Reliance Industries Litmited (RIL) and Zomato: Jio-bp, a joint venture between RIL and BP – and food delivery platform Zomato announced that they have entered into an agreement to support Zomato’s commitment towards having 100% EV fleet by 2030. Jio-bp will provide EV mobility services to Zomato along with access to ‘Jio-bp pulse’ branded battery swapping stations for last mile delivery.
YES Bank: The lender will seek shareholders’ approval in July to raise debt capital of Rs 10,000 crore through various modes on private placement basis. The bank’s annual general meeting is scheduled for July 15, 2022.
UPL: The company’s subsidiary USCL has acquired Kudos Chemie for Rs 40 crore, and is required to invest Rs 237 crore in Kudos over the next 2 years as per the resolution plan approved by NCLT. Kudos manufactures speciality chemicals used as beverage and pharmaceutical ingredients and has a manufacturing facility near Chandigarh.
State Bank of India (SBI): India’s largest public sector lender has increased minimum interest rate for home loan to 7.55%.
Tata Steel: The company through Tata Steel Mining has acquired 10% stake in Rohit Ferro-Tech for Rs 20.06 crore. Tata Steel has invested the same amount in Tata Steel Mining on rights basis.
Equitas Small Finance Bank: India’s central bank has approved the reappointment of Vasudevan PN as managing director and chief executive for one year effective July 23.
Indian Overseas Bank: The public sector lender said the board has approved the capital plan for FY23. The bank will raise up to Rs 1,000 crore by issuing equity shares and another Rs 1,000 crore by issuing bonds, in FY23.
Jyothy Labs: Nalanda India Equity Fund bought 6.55 lakh equity shares in the company via open market transactions. With this, its shareholding in the company stands increased to 5.06%, up from 4.88% earlier.
Voltamp Transformers: HDFC Mutual Fund through its several funds acquired 50,000 equity shares in the company via open market transactions on June 14. With this, its shareholding in the company increased to 5.25 percent, up from 4.91 percent earlier.
NBCC (India): The state-owned company has secured a total business of Rs 330.35 crore during May 2022.