Get App
Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.24 per cent lower at 17,960.50, signalling that Dalal Street was headed for a negative start on Friday.
Most Asian were trading slightly higher as investors bought on dip. Japan’s Nikkei 225 index inched up 0.08% and Topix increased by 0.25%. China’s Hang Seng advanced 0.31%, while CSI 300 index fell 0.25%.
Indian rupee fell 23 paise to 79.67 against the US dollar on Thursday.
FII/DII Trading Data
Stocks in News Today
Reliance, ONGC and Oil India: The government on late Thursday increased windfall profit tax on diesel export to Rs 7 per litre from Rs 5 per litre earlier. Besides, the government has again imposed Rs 2 per litre tax on export of aviation turbine fuel after scrapping it earlier this month. However, the government has reduced the windfall tax on domestically produced crude oil to Rs 13,000 a tonne from Rs 17,750 a tonne earlier.
IEX and Power companies: Power System Operation Corporation has asked three power exchanges including IEX, PXIL and HPX to restrict electricity trading by 27 discoms in 13 states having outstanding dues towards gencos, PTI reported.
Wipro: The IT company has bagged a multi-year contract to deliver service integration and management services to the UK government treasury. The service will enable seamless integration of IT services across multi-functional suppliers and partners, enhancing the user experience across Her Majesty’s Treasury and its arm’s length bodies.
NHPC: The state-owned company and Nepal government have signed a pact to develop a hydroelectric plant in Nepal after a Chinese firm backed out, officials said. Under the MoU, NHPC will study details like feasibility, environmental impact, inundation of land and construction costs for two projects – West Seti (750 megawatts) and SR 6 (450 megwatts).
Lupin: The pharma company said that it has received approval from the US health regulator to market its generic rufinamide tablets used in the treatment seizures. The product will be manufactured at Lupin’s facility in Goa. Rufinamide tablets had estimated annual sales of $164 million in the US, according to IQVIA MAT June 2022 data.
Nykaa: Nykd, the athleisure brand from Nykaa Fashion, has opened its first stand-alone, physical retail space in New Delhi’s Rajouri Garden. The store has a wide array of products across the innerwear, sleepwear, athleisure, and loungewear categories.
JK Tyre & Industries: The company said that it has increased price by 6-7 per cent and a further hike is under consideration to offset higher raw material cost. The leading tyre maker said operating profit has started improving and it is likely to be better in the forthcoming quarters.
Max Healthcare Institute: HDFC Asset Management Company has bought 0.4 percent equity stake in the company via open market transactions on August 16. With this, its shareholding in the company increased to 5.18 percent, up from 4.78 percent earlier.
Metropolis Healthcare: Vijender Singh has resigned as the Chief Executive Officer of the company. He will join Jashvik Capital, an India-focused growth private equity firm, as Operating Partner.
Talbros Engineering: The company has commenced construction on land acquired admeasuring 2.2 acre in Faridabad for setting up of new production unit.