Get App
Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.15 per cent lower at 18,724, signalling that Dalal Street was headed for a negative start on Wednesday.
Asian shares were mixed with Nikkie 225 index falling 0.47% and the Topix edging up 0.12%. The Hang Seng index was up 0.31% and the CSI 300 slipped 0.06%.
Indian rupee fell 82 paise to 82.62 against the US dollar on Tuesday.
FII/DII Trading Data
sss
Stocks in News Today
HDFC Asset Management Company: The UK-headquartered investment firm and promoter abrdn Investment Management plans to sell its entire 10.21 per cent stake in the mutual fund company on Wednesday via block deal and will cease to be a co-sponsor of the company.
Vedanta: The mining major said it is considering raising up to Rs 500 crore through debentures. The conglomerate will raise the amount in one or more tranches. The company said it is holding a meeting of its duly constituted Committee of the Directors on Friday
Bikaji Foods International: The ethnic snacks company reported a consolidated profit after tax of Rs 40.92 crore, up 43.5 per cent year-on-year, led by operating performance and top line. Revenue for the quarter grew by 32 per cent to Rs 577 crore compared to the year-ago period. EBITDA margin expanded to 11.1 per cent, from 10.4 per cent in same period last year.
Dynacons Systems and Solutions: The company has bagged a Rs 116 crore private cloud solution order from Union Bank of India. The order covers supply, installation, and maintenance for hyper-converged infrastructure and software solution for the bank’s on-Premises Private Cloud from Union Bank of India.
Jindal Stainless: Quant Mutual Fund has bought 0.5 per cent stake in the company via open market transactions. Quant Mutual Fund, through its Small Cap Fund, has acquired 26.3 lakh shares in the company at an average price of Rs 182.97 per share.
Siemens: The engineering firm has emerged as the lowest bidder for a project for manufacturing 1,200 electric locomotive of 9,000 HP (horse power) worth over Rs 20,000 crore at Dahod in Gujarat. Indian Railways had floated the tender for manufacturing and maintenance of 9,000 HP electric locomotives at Dahod in April this year.
Jammu & Kashmir Bank: The bank announced its partnership with Maruti Suzuki to ease car loan facilitation for its customers via the auto major’s smart finance digital platform. The partnership between Maruti Suzuki Smart Finance and J&K Bank will allow customers to avail hassle-free affordable financing options across 984 branches of the bank. Since its inception in 2020, Maruti Suzuki Smart Finance has disbursed over Rs 39,000 crore worth of loans ans has helped over 6.4 lakh customers to easily finance their cars from the partnered banks.
IDBI Bank: The private lender would continue its primary dealer business even if a foreign bank acquires majority stake and management control in the private sector bank. As part of the primary dealer activity, IDBI Bank is involved in market making activities in respect of Government Securities (G-Secs), including T-bills.
Ircon International: The company has received an order for signalling and telecommunication system from Sri Lanka Railways. The order is worth Rs 122 crore and it is under the Indian line of credit.
Craftsman Automation: Private equity firm Marina III Singapore divested its entire 5.48 per cent stake or 11,56,808 shares at an average price of Rs 3,200 apiece in the engineering company for Rs 370 crore through an open market transaction, according to the bulk deal data available with the BSE.
Ugro Capital: The company said its board will meet on December 9 to consider raising funds via the issuance of market-linked non-convertible debentures on a private placement basis.