Trading of Nifty 50 index futures on the Singapore stock exchange indicates a flat opening on the domestic bourses today, 22 March 2016.
In overseas markets, Asian stocks were trading mixed. US stocks closed slightly higher yesterday, 21 March 2016, steadying after five straight weeks of gains, led by telecommunications and health care stocks.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 1396.33 crore yesterday, 21 March 2016, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 618.77 crore yesterday, 21 March 2016, as per provisional data.
NTPC announced that the unit-I of 250 megawatts (MW) of Nabinagar Thermal Power Station of Bhartiya Rail Bijlee Company, a subsidiary of the company has been commissioned on 20 March 2016. With this, the total installed capacity of Nabinagar Thermal Power Station has become 250 MW and the total installed capacity of NTPC group has become 45798 MW. The announcement was made after market hours yesterday, 21 March 2016.
Bharti Airtel announced that it has entered into a definitive agreement with American Tower Corporation through its subsidiary company, Airtel Tanzania, for the sale of approximately 1,350 of its communications towers in Tanzania. Under the agreement, American Tower may acquire up to approximately 100 additional sites currently in development for an additional consideration. Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term. The tower sale agreements allow Airtel to focus on its core business and customers, besides helping deleverage through debt reduction, and significantly reducing the on-going capital expenditure on passive infrastructure. The transaction is expected to close during the first half of 2016, subject to customary closing conditions and regulatory approval. The announcement was made after market hours yesterday, 21 March 2016.
Adani Ports & Special Economic Zone turns ex-dividend today, 22 March 2016 for interim dividend of Rs 1.10 per share for the year ending 31 March 2016 (FY 2016).
Also Read
Expectations of a bigger rate cut of 50 basis points from the Reserve Bank of India (RBI) at its monetary policy review early next month triggered the latest upmove on the domestic bourses yesterday, 21 March 2016, with barometer index, the S&P BSE Sensex, moving past the psychologically important 25,000 mark. The Sensex gained 332.63 points or 1.33% to settle at 25,285.37, its highest closing level since 6 January 2016.
Powered by Capital Market - Live News