All You Need To Know Going Into Trade On January 6

Stocks in Asia declined after a selloff in U.S. technology shares and Treasuries intensified after Federal Reserve minutes signaled interest-rate hikes may be more aggressive than expected.

Equities retreated in Japan, Australia and South Korea. U.S. contracts fluctuated after the Nasdaq 100 tumbled the most since March.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.73% to 17,842.50, as of 7:00 a.m

Elsewhere, Oil fell for the first time in four days and Bitcoin tumbled to below $44,000, the lowest since its early-December weekend flash crash.

• Future Group: The division bench of the Delhi High Court ordered stay on arbitration proceedings between Amazon and Future Group entities FCPL and FRL.

• Jet Airways: The company has given a clarification on new reports stating Captain Sudhir Gaur has resigned as the Interim CEO of Jet Airways. Capt. Gaur was employed in July 2021 as VP - Operations and designated as the Accountable Manager, the company said. Jet Airways is yet to appoint a CEO. On account of Capt Gaur’s resignation, the company has appointed Captain Priyapal Singh as the new Accountable Manager.

• NHPC: Promoters agreement signed between NHPC and Green Energy Development Corporation of Odisha Limited on Jan. 4 for formation of joint venture company for development of 500 MW floating solar power projects in various water reservoirs in Odisha. NHPC will hold 74% stake in JV and the rest will be held by GEDCO.

• RBL Bank: Gross advances rose 3.5% in Q3 to Rs 59,941 crore over the preceding quarter. Retail advances were flat while wholesale advances grew 8% sequentially. These are provisional numbers.

• Rohit Ferro-Tech: The company has defaulted on loans of Rs 2,638.28 crore till Dec. 31.

• Rupa and Company: NCLT Mumbai has sanctioned the scheme of arrangement between Oban Fashions and Rupa & Company and their respective shareholders and creditors, with effect from April 1, 2021.

• Coal India: India coal production at 74.78 million tonnes in December.

• Fortis Healthcare: Emqore seeking more than $6.5 billion in damages from defendants; IHH says Emqore claim linked to Indian unit Fortis.

• Union Bank of India: Starts lending in alternate reference rate.

• Tata Elxsi: To announce Q3 results on Jan. 18.

• Persistent Systems: To announce Q3 results on Jan. 20.

• Route Mobile: To announce Q3 results on Jan. 27.

• Jindal Steel & Power: Promoter group Jargo Investments created a pledge of 74.30 lakh shares on Dec. 17.

• MEP Infrastructure Developers: Promoter group AJ Tolls invoked a pledge of 37 lakh shares between Dec. 30 and Dec. 31.

• JK Cement: Promoter Group Kalpana Singhania sold 2,401 shares between Dec. 23 and Dec. 24.

• Star Cement: Promoter Group Snigdha Chamaria bought 31,000 shares on Dec. 31.

• Orient Green Power Company: Axis Bank sold 45 lakh (0.60%) shares at Rs 22.80 per share and sold another 38 lakh (0.51%) shares at Rs 22.4 apiece.

• GTL Infrastructure: IDBI Trusteeship Services sold 21.24 crore (1.68%) shares between Rs 2.37-2.38 per share.

• Shree Renuka Sugars: To meet investors on Jan. 6.

• Sansera Engineering: To meet investors and analysts on Jan. 7.

• Sanghi Industries: To meet ICICI Prudential MF and Nippon Mutual Fund on Jan. 6. The company will meet SBI MF and SBI Life Insurance Company on Jan 7.

• Persistent Systems: To hold investor/ analyst call on Jan. 21.

• Ex-Date Interim Dividend: Mazagon Dock Shipbuilders

• Record Date Amalgamation: Gateway Distriparks

• Move Out Of Short-Term ASM Framework: RattanIndia Power, Kingfa Science & Technology (India), Trigyn Technologies, Gravita India

• Move Into ASM Framework: HPL Electric & Power

The rupee ended at 74.36 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.55.

F&O Cues

• Nifty January futures ended at 17,946.20; a premium of 20.95 points.

• Nifty January futures added 5.77% and 11,847 shares in Open Interest.

• Nifty Bank January futures ended at 37,777; a premium of 81.10 points.

• Nifty Bank January futures shed 3.22% and 3,023 shares in Open Interest.

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