Trading of Nifty 50 index futures on the Singapore stock exchange indicates a flat opening on the domestic bourses today, 23 January 2017. Asian Paints, Hindustan Unilever and Bharti Infratel are scheduled to release December quarter results today, 23 January 2017.
Overseas, Asian stocks were trading higher. US stocks finished higher on Friday, 20 January 2017 after Donald Trump pledged to lead an administration that puts America first.
Republican Donald Trump took the oath of office to become the nation's 45th president and delivered an inaugural address that echoed the protectionist comments he had made throughout his campaign. Every decision on trade, on taxes, on immigration, on foreign affairs will be made to benefit American workers and American families, Trump said in the speech.
Back home, trading for the week ended on a sour note on Friday, 20 January 2017 as key benchmark indices dropped amid mixed trend in global stocks as caution prevailed ahead of US President-elect Donald Trump's inauguration. The Sensex shed 274.10 points or 1% to settle at 27,034.50, its lowest closing level since 10 January 2017.
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 26.34 crore on Friday, 20 January 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 175.48 crore on Friday, 20 January 2017, as per provisional data.
Among corporate news, State Bank of India (SBI) announced that the committee of directors for capital raising considered and accorded approval to allot 21.07 crore equity shares on preferential basis to Government of India, at an issue price of Rs 269.59 per share. The announcement was made after market hours on Friday, 20 January 2017.
UltraTech Cement's consolidated net profit rose 5.12% to Rs 594.61 crore on 1.36% decline in total income to Rs 6858.47 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 21 January 2017.
UltraTech Cement's board at its meeting held on Saturday, 21 January 2017, inter alia, approved setting up of a 3.5 million tonnes per annum (MTPA) integrated cement plant at Dhar, Madhya Pradesh.
United Spirits' net profit jumped 296.72% to Rs 147.70 crore on 6.77% growth in total income to Rs 7117.79 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 21 January 2017.
Indiabulls Housing Finance's consolidated net profit rose 24.74% to Rs 751.49 crore on 30.19% growth in total income to Rs 3004.47 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Friday, 20 January 2017.