Live: SGX Nifty Indicates A Steady Start; BEPL, Vedanta, ITC, Federal-Mogul In Focus

• Vedanta: The company on Saturday said that the delisting offer is deemed to have failed as per terms of the delisting regulations. The post offer public announcement by the company said that 125.47 crore shares were validly tendered by public shareholders. For successful delisting of shares, 134.12 crore shares needed to have been validly tendered for promoter shareholding to cross 90%. Bids worth 12.31 crore were unconfirmed.
• Federal-Mogul Goetze (India): Promoter IEH FMGI Holdings to sell up to 1.21 crore shares or 21.83% stake through an Offer for Sale (OFS). The floor price of Rs 342 per share is a 21.1% discount to Friday's closing price. The promoter looks to raise Rs 415.4 crore through this OFS. The OFS for non-retail investors opens on October 12 while for retail investors, it opens on October 13.
• Indiabulls Housing Finance: Has sold further portion of its stake in OakNorth Holding - the wholly-owning parent company of OakNorth Bank to Riva Capital Partners for approximately Rs 441 crore. The company has now raised a total of Rs 2,273 crore as fresh equity in September and October through a QIP and stake sales. The sale proceeds will be accretive to the regulatory net worth and CRAR of the company.
• Dr Lal Pathlabs: The company has clarified that the data breach of patients was a result of misconfiguration in one of the company's minor web applications where temporary records were stored for operational purposes. It involved less than 0.5% of the records and the issue has been resolved since. A report on Saturday revealed that data of millions of patients, including Covid-19 test results was exposed. The company has said that the relevant authorities have been informed.
• Shilpa Medicare: Gets U.S. FDA warning letter for its formulations facility in Jadcherla, Telangana. The Company believes that the warning letter will have minimum impact of disruption of supplies and the existing revenues from operations of this facility.
• Non-Nifty Earnings Today: GNA Axles, Shalby.

To know about the key stocks in focus, brokerage updates and F&O cues, click here.

Good Morning!

Indian equity markets marked its best weekly performance in four months on Friday.

The S&P BSE Sensex and NSE Nifty 50 are witnessing their longest winning streak since November 2019. Gains in today's session mark eight straight days of ending higher. The last time the benchmark indices gained for eight days in a row was in April 2018.

Futures are indicating a positive start to the session's trade. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.4% to 12,010 as of 7:50 a.m. on Monday.

Asian markets have opened on a mixed note at the start of the new trading week. Markets in Japan declined, while those in Hong Kong and South Korea are little changed.

Futures on the Dow Jones have reversed losses, currently trading little changed. The index had ended 0.6% higher on Friday.

The offshore Yuan fell after Chinese policy makers acted to restrain its strength by making it easier to bet against.

West Texas Intermediate crude fell 1% to $40.2 per barrel, while gold was flat at $1,929.6/Oz.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.