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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 1.08% higher at 18,026.50, signalling that Dalal Street was headed for a positive start on Monday.
Asian shares gain following US markets. Nikkei 225 index gained 1.59% and Topix gained 1.22%. Hang Seng low 0.11% and CSI 300 index lost 1.05%.
The Indian rupee was traded at 82.47 against the US dollar on Friday.
DCX Systems IPO open for subscription today. The company plans to raise Rs 500 crore through this public issue that includes a fresh issue of Rs 400 crore. The price band is fixed at Rs 197-207 per equity share and the face value of the share is Rs 2 per share.
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3i Infotech, Bharti Airtel, Birla Cable, Benares Hotels, Castrol, Data Patterns, Equitas Bank, Fino Payments, Larsen, Motherson SWI, Saregama India, Tata Steel.
Stocks in News Today
Maruti Suzuki India: The country’s largest car maker has announced to recall 9,925 units of Wagon R, Celerio and Ignis manufactured between August 3 and September 1. It is suspected that there is a possible defect in the rear brake assembly pin, which in a certain case, may break and cause a peculiar noise. There may be a possibility of impact on the brake performance in the long run.
Inox Wind: The company has raised Rs 75 crore through 750 non-convertible debentures with a face value of Rs 10 lakh each.
Himadri Speciality Chemical: The company has reported a 7% sequential decline in consolidated profit at Rs 35.88 crore for the quarter ended September FY23 impacted by exceptional item related to costing of non-compete agreement with outgoing promoters. Revenue from operations grew by 1.2% sequentially to Rs 1,059 crore for the quarter.
Indian Oil Corporation: The oil marketing company posted standalone loss of Rs 272.35 crore for the quarter ended September FY23, against profit of Rs 6,360 crore in year-ago period and loss of Rs 1,993 crore in previous quarter, despite getting Rs 10,800 crore of LPG subsidy from the government. More than 50% rise in other income helped the company minimise loss for the quarter. Revenue from operations grew by 34.5% YoY to Rs 2.28 lakh crore for the quarter.
NTPC: The company has reported a 7.4% year-on-year decline in consolidated profit at Rs 3,417.7 crore for the quarter ended September FY23 impacted by higher fuel cost, finance cost, loss at joint ventures and lower other income. Revenue grew by 36% to Rs 44,175 crore compared to year-ago period.
Zydus Lifesciences: The company has received approval from the United States Food and Drug Administration to market Acetaminophen injection in the US. Acetaminophen injection is indicated to relieve mild to moderate pain and to reduce fever.
Centrum Electronics: The company announced a strategic partnership with Israel headquartered Rafael Advanced Defense Systems. Both the companies will collaborate in the field of electronic warfare systems for the Indian Navy and the Indian Coast Guards.