{"id":19383,"date":"2022-08-18T07:59:24","date_gmt":"2022-08-18T02:29:24","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=19383"},"modified":"2022-08-18T08:45:03","modified_gmt":"2022-08-18T03:15:03","slug":"pre-market-report-dalal-street-may-open-slightly-lower-telcos-ongc-and-gail-in-news","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/pre-market-report-dalal-street-may-open-slightly-lower-telcos-ongc-and-gail-in-news\/","title":{"rendered":"Pre Market Report: Dalal Street may open slightly lower; Telcos, ONGC and GAIL in news"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"19383\" class=\"elementor elementor-19383\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-65499258 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"65499258\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4c3427c\" data-id=\"4c3427c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a0b8d72 elementor-widget elementor-widget-heading\" data-id=\"a0b8d72\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Market Opening - An Overview<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f6a2dd7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f6a2dd7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-551b7e4e\" data-id=\"551b7e4e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1a0b3ce9 elementor-widget elementor-widget-text-editor\" data-id=\"1a0b3ce9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Nifty futures on the Singapore Exchange were trading 0.11% lower at 17,949, signalling that Dalal Street was headed for a negative start on Thursday.<\/p><p>Asian stocks were trading lower, tracking the US markets overnight, as investors booked profits and due to economic growth concerns. Japan&#8217;s Nikkei 225 index dropped 0.99% and Topix fell 0.83%. China&#8217;s Hang Seng lost 0.31% and CSI 300 was down 0.4%<\/p><p>The Indian rupee strengthened by 21 paise to 79.45 against the US dollar on Wednesday.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6c5c9239 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6c5c9239\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-59c77302\" data-id=\"59c77302\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d7ce24f elementor-widget elementor-widget-heading\" data-id=\"1d7ce24f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>FII\/DII Trading Data<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3ae498f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ae498f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2c5b51d\" data-id=\"2c5b51d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-246eee6 elementor-widget elementor-widget-image\" data-id=\"246eee6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/08\/FII-MARKET-1-9-1024x1024.jpg\" class=\"attachment-large size-large wp-image-19403\" alt=\"\" srcset=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/08\/FII-MARKET-1-9-1024x1024.jpg 1024w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/08\/FII-MARKET-1-9-300x300.jpg 300w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/08\/FII-MARKET-1-9-150x150.jpg 150w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/08\/FII-MARKET-1-9-768x768.jpg 768w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/08\/FII-MARKET-1-9-450x450.jpg 450w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/08\/FII-MARKET-1-9-780x780.jpg 780w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/08\/FII-MARKET-1-9.jpg 1201w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-31fb9952 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"31fb9952\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5035a883\" data-id=\"5035a883\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f7e1417 elementor-widget elementor-widget-heading\" data-id=\"4f7e1417\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Stocks in News Today<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5c4265c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5c4265c2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-25903175\" data-id=\"25903175\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f04768a elementor-widget elementor-widget-text-editor\" data-id=\"3f04768a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Reliance Jio, Airtel <\/strong>and <strong>Vodafone Idea<\/strong>: Reliance Jio added 42.23 lakh new mobile customers in June, while Airtel only gained 7.9 lakh customers and Vodafone Idea continued its losing streak as it lost 18 lakh users, according to Trai data for the month. With these gains Jio\u2019s total wireless subscriber count stood at 41.3 crore. Airtel and Vodafone Idea had 36.29 crore and 25.66 crore users, respectively.<\/p><p>In other news, Reliance Jio and Vodafone Idea paid Rs 7,864 crore and Rs 1,680 crore, respectively. Adani Enterprises, which has acquired spectrum for captive private networks, is reported to have paid Rs 18 crore.<\/p><p><strong>Oil and Natural Gas Corp (ONGC):<\/strong> The state-owned oil explorer and producer said that it signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil Corp for deepwater exploration in India&#8217;s East and West coasts. &#8220;The collaboration areas focus on the Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore. There has been a scientific exchange of exploration data in the last few years, which has led to this partnership,&#8221; ONGC said in an exchange filing.<\/p><p><strong>GAIL (India):<\/strong> The public sector company received the board approval for additional fundraising of $3.125 billion via external commercial borrowing and up to Rs 25,000 crore via non-convertible debentures. The new fund raising comes on top of Rs 25,000 crore already borrowed by the company.<\/p><p><strong>Sona BLW Precision Forgings:<\/strong> Blackstone is expected to sell 10.87% stake in Sona BLW Precision Forgings via block trade on Thursday, Bloomberg news reported. The floor price is set at Rs 500 apiece, a 7.3% discount on Wednesday\u2019s closing price and the total deal is likely to fetch Blackstone about Rs 3972 crore.<\/p><p><strong>RBL Bank:<\/strong> The lender said that it has offloaded over 12 per cent stake in Kilburn Engineering since May for a total consideration of over Rs 17 crore. The private sector bank had acquired 67,50,000 equity shares of Kilburn Engineering (Kilburn) under a debt recast plan.<\/p><p>In a separate exchange filing, the bank said it has convened a board meeting on August 22 to consider a proposal to raise funds by issuing debt securities on private placement basis. However, the bank did not mention the size of the fund raising.<\/p><p><strong>Natco Pharma<\/strong>: The company in an exchange filing said that it has received a tentative approval for its abbreviated new drug application (ANDA) for Trabectedin for injection for the 1mg\/vial. Trabectedin is a generic drug for Yondelis. Yondelis generated annual sales of $49.7 million for 12 months ending June 2022 in the US market, according to industry sales data.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-24ec77c9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"24ec77c9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7477fd0d\" data-id=\"7477fd0d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5dd7d7c6 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"5dd7d7c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ekyc.flattrade.in\/openaccount\/?utm_source=Blog&#038;utm_medium=organic&#038;utm_campaign=Demat+Account\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Market Opening &#8211; An Overview Nifty futures on the Singapore Exchange were trading 0.11% lower at 17,949, signalling&hellip;","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[42],"tags":[46,43,78,48,26,47,24,23],"class_list":{"0":"post-19383","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-morninger","7":"tag-market-news","8":"tag-market-update","9":"tag-nifty","10":"tag-nifty-today","11":"tag-nse","12":"tag-sensex-today","13":"tag-share-market","14":"tag-stock-market","15":"cs-entry","16":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pre Market Report: Dalal Street may open slightly lower; Telcos, ONGC and GAIL in news - Flattrade Kosh<\/title>\n<meta name=\"description\" content=\"Nifty futures on the Singapore Exchange were trading 0.11% lower at 17,949, signalling that Dalal Street was headed for a negative start on Thursday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flattrade.in\/kosh\/pre-market-report-dalal-street-may-open-slightly-lower-telcos-ongc-and-gail-in-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pre Market Report: Dalal Street may open slightly lower; Telcos, ONGC and GAIL in news - Flattrade Kosh\" \/>\n<meta property=\"og:description\" content=\"Nifty futures on the Singapore Exchange were trading 0.11% lower at 17,949, signalling that Dalal Street was headed for a negative start on Thursday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/flattrade.in\/kosh\/pre-market-report-dalal-street-may-open-slightly-lower-telcos-ongc-and-gail-in-news\/\" \/>\n<meta property=\"og:site_name\" content=\"Flattrade Kosh\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-18T02:29:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-18T03:15:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/07\/220-SM904561.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Flattrade\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Flattrade\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/flattrade.in\/kosh\/pre-market-report-dalal-street-may-open-slightly-lower-telcos-ongc-and-gail-in-news\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/pre-market-report-dalal-street-may-open-slightly-lower-telcos-ongc-and-gail-in-news\/\"},\"author\":{\"name\":\"Flattrade\",\"@id\":\"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04\"},\"headline\":\"Pre Market Report: Dalal Street may open slightly lower; 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