Nifty ends above 8750 mark

Closing Bell:

Finally, the BSE Sensex ended with a gain of 109 points at 28,452. The BSE Sensex opened at 28,372 touched an intra-day high of 28,532 and low of 28,363.

The NSE Nifty closed with a gain of 42 points at 8,786. The NSE Nifty opened at 8,754 hitting a high of 8,819 and low of 8,754.

Live Market:

The Indian equity market are trading higher on positive Asian cues.   The NSE Nifty50 index touched the 8,800 mark for the first time since April 15, 2015.

The stock market has extended gains for a third day led by gains in bank and pharma companies. The Sensex hit highest level in more than thirteen months. The Nifty hit highest level in more than sixteen months.

At 12:13 PM, the S&P BSE Sensex is trading at 28,405 up 62 points, while NSE Nifty is trading at 8,777 up 33 points.

The BSE Mid-cap Index is trading up 0.57% at 13,243 whereas BSE Small-cap Index is trading up 0.29% at 12,663.

Tata Motors, Hero MotoCorp, Dr.Reddy'sLupin, L&T and Bajaj Auto are among the gainers, whereas ONGC, NTPC, TCS, Tata Steel, Coal India and RIL are losing sheen on BSE.

Some buying activity is seen in auto, industrial, banking, consumer durables, capital goods, telecom and pharma sectors, while IT, utilities, power, metal and energy sector are showing weakness on BSE.

The INDIA VIX is up 1.55% at 13.2225. Out of 1,857 stocks traded on the NSE, 695 declined, 846 advanced and 316 remained unchanged today.

A total of 65 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.
The rupee opened marginally lower by 5 paise at 67.08/$ against US Dollar Wednesday as against the previous close of 67.02/$.

Sensex, Nifty rally; Auto, Industrial gain

The Indian equity market are trading higher on positive Asian cues.   The NSE Nifty50 index touched the 8,800 mark for the first time since April 15, 2015.

The stock market has extended gains for a third day led by gains in bank and pharma companies. The Sensex hit highest level in more than thirteen months. The Nifty hit highest level in more than sixteen months.

At 12:13 PM, the S&P BSE Sensex is trading at 28,405 up 62 points, while NSE Nifty is trading at 8,777 up 33 points.

The BSE Mid-cap Index is trading up 0.57% at 13,243 whereas BSE Small-cap Index is trading up 0.29% at 12,663.

Tata Motors, Hero MotoCorp, Dr.Reddy'sLupin, L&T and Bajaj Auto are among the gainers, whereas ONGC, NTPC, TCS, Tata Steel, Coal India and RIL are losing sheen on BSE.

Some buying activity is seen in auto, industrial, banking, consumer durables, capital goods, telecom and pharma sectors, while IT, utilities, power, metal and energy sector are showing weakness on BSE.

The INDIA VIX is up 1.55% at 13.2225. Out of 1,857 stocks traded on the NSE, 695 declined, 846 advanced and 316 remained unchanged today.

A total of 65 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.
The rupee opened marginally lower by 5 paise at 67.08/$ against US Dollar Wednesday as against the previous close of 67.02/$.

RBL Bank made a stellar debut in markets with the stock surging nearly 36% to Rs.305.50 against its issue price of Rs.225.

Kotak Mahindra Bank gained 2% to Rs.800. The bank said the Reserve Bank had granted approval to Canada Pension Plan Investment Board to buy stake in excess of 5% and up to 5% in the bank.

UltraTech Cement soared 4%. The Reserve Bank of India has notified that Foreign Institutional Investors/Registered Foreign Portfolios Investors can now invest up to 30% of the paid up capital of Ultra Tech Cement Limited under the Portfolio Investment Scheme (PIS).

Tata Motors jumped 3% to Rs.544.10. The company is planning to reduce the number of platforms used in manufacturing passenger vehicles and increase platform sharing to drive down costs, as per media reports.

Hindustan Copper climbed 2.8% to Rs.67.10 after the company has executed a Joint Venture Agreement with Chhattisgarh Mineral Development Corporation Ltd, for exploration, mining and beneficiation of copper and its associated minerals in the state of Chhattisgarh.

Cox & Kings Ltd is currently trading at Rs. 187.9, down by Rs. 5.4 or 2.79% from its previous closing of Rs. 193.3 on the BSE. The tour and travel company posted 24% dip in consolidated net profit to Rs.108.07 crore for the first quarter ended June 30, 2016-17 as compared to Rs.141.60 crore for the corresponding period of the previous fiscal.

Mahanagar Telephone Nigam Ltd soared 4.4% to Rs. The company will launch Wi-Fi Hotspot in Delhi, Mumbai in partnership with Private firm, as per media reports.

Housing Development Finance Corporation Ltd is currently trading at Rs. 1403, up by Rs. 10.7 or 0.77% from its previous closing of Rs. 1392.3 on the BSE. Housing Development Finance Corporation Ltd has informed BSE that pursuant to the approval of the Board of Directors of the Corporation at its meetings held previously, the Corporation is contemplating, subject to market conditions, undertaking an issuance of Rupee Denominated Bonds to overseas investors.

IDBI Bank Ltd is currently trading at Rs. 73.25, up by Rs. 0.85 or 1.17% from its previous closing of Rs. 72.4 on the BSE. The bank has raised capital of Rs.1,500 crore through Basel III compliant Additional Tier-1 (AT1) bonds. The issue opened and closed on August 30, 2016. This is the first AT1 bond issuance by the Bank during FY 2016-17.

Bharat Petroleum Corporation Ltd is currently trading at Rs. 601.3, down by Rs. 6.05 or 1% from its previous closing of Rs. 607.35 on the BSE. The oil company will announce its Q1 numbers today.
 
Asian markets opened mixed. Nikkei 225 gained 0.78%, while Hang Seng and Shanghai Composite are trading in red.

Wall Street closed lower. The Dow Jones industrial average fell 0.26% to 18,454.3, the S&P 500 lost 0.2% to 2,176.12 and the Nasdaq Composite dropped 0.18% to 5,222.99. US consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market. Payrolls data on Friday could strengthen the case for higher US interest rates, as has been hinted over the past week by Federal Reserve officials.

Arun Jaitley said that Indo-US trade will get a boost due to business to business, business to Government and Government to Government interaction between the two countries. The Finance Minister said that foreign investment is important for India in order to have larger investment in infrastructure sector.

On the economy front, investors are also cautious ahead of the GDP data for the June quarter and fiscal deficit data for July on 31 August.

The inter-ministerial body Foreign Investment Promotion Board has approved six foreign investment proposals worth Rs 105 crore. The FIPB meeting chaired by Economic Affairs Secretary Shaktikanta Das approved proposal of Ceva Sante Animale of Rs.88 crore.

Nifty reclaims 8800, Sensex up 100 pts; RBL Bank shares soar 25%

Oil prices extended losses in Asia on the back of a strong dollar while reported comments by Iran's oil minister that his country planned to boost output ramped up oversupply worries. 

The comments by Bijan Zangeneh, carried by Iran's official news agency on Tuesday, added to a feeling that an informal OPEC meeting with Russia in September may not result in a deal that would boost prices.

 Zangeneh said Iran needed to raise its output to regain the market share lost while it was under international sanctions, which were lifted only in January. 

Iran has struggled to raise production above four million barrels per day since the the sanctions were removed, according to the report, which said it is currently producing 3.8 million. 

Kotak Mahindra Bank shares surged to record high of Rs 807, up 2.7 percent intraday after the Canada Pension Plan is allowed to increase stake in the country's third largest private sector lender (by market capitalisation). 

"The Reserve Bank of India on Tuesday said it has granted approval to Canada Pension Plan Investment Board (CPPIB) for acquiring shares in excess of 5 percent and below 10 percent of the paid up capital of Kotak Mahindra Bank. 

The country's gross domestic product (GDP) growth is expected to see a slowdown in the first (April-June) quarter of fiscal year 2017, as the impact of a high base and higher deflator plays out. 

Compared with that, GDP in last (January-March) quarter of fiscal 2016 showed GDP had come in at 7.9 percent. 

For the first quarter, gross value added (GVA), too, is seen slowing from 7.4 percent to 7.3 percent. The data is expected today. 

Equity benchmarks extended rally for the fourth consecutive session with the Nifty reclaiming 8800 level for the first time since April 15, 2015. 

The 30-share BSE Sensex was up 102.10 points at 28445.11 and the 50-share NSE Nifty rose 44.65 points to 8789. About 1204 shares advanced against 566 declining shares on the BSE. 

Shares of RBL Bank debuted on the exchanges at Rs 274.20 per share, up 22 percent from its issue price of Rs 225. It surged to Rs 282.40 in early trade. The first private lender IPO in a decade was opened for subscription between August 19-23.

Opening Bell - Sensex, Nifty flat in early trade

At 9:15 AM, the S&P BSE Sensex is trading at 28,377 up 33 points, while NSE Nifty is trading at 8,754 up 10 points.

The rupee opened marginally lower by 5 paise at 67.08/$ against US Dollar Wednesday as against the previous close of 67.02/$.

Asian markets opened mixed. Nikkei 225 gained 0.78%, while Hang Seng and Shanghai Composite are trading in red.

The Nifty ended with a decisive break above 8700 on Tuesday. Sentiments got a boost with the latest statement from the RBI, sharing optimism over the growth prospect in this fiscal. Also, firm opening of European markets further strengthened the rally.

Wall Street closed lower. The Dow Jones industrial average fell 0.26% to 18,454.3, the S&P 500 lost 0.2% to 2,176.12 and the Nasdaq Composite dropped 0.18% to 5,222.99. US consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market. Payrolls data on Friday could strengthen the case for higher US interest rates, as has been hinted over the past week by Federal Reserve officials.

Arun Jaitley said that Indo-US trade will get a boost due to business to business, business to Government and Government to Government interaction between the two countries. The Finance Minister said that foreign investment is important for India in order to have larger investment in infrastructure sector.

On the economy front, investors are also cautious ahead of the GDP data for the June quarter and fiscal deficit data for July on 31 August.

The inter-ministerial body Foreign Investment Promotion Board has approved six foreign investment proposals worth Rs 105 crore. The FIPB meeting chaired by Economic Affairs Secretary Shaktikanta Das approved proposal of Ceva Sante Animale of Rs.88 crore.

RBL Bank will make its stock market debut today.The company's IPO was oversubscribed a staggering 69.62 times, with the qualified institutional buyers (QIBs) portion getting oversubscribed 85.08 times, non institutional investors chunk 198.06 times and retail investors portion 5.70 times, as per data available with the NSE.

Sensex surges over 400 points; Banking, Auto stocks lead

The Sensex provisionally settled above the psychological 28,000 mark after reclaiming that level in the opening trade. The Sensex hit its highest level in more than thirteen months in late trade. The Nifty hit its highest level in more than sixteen months in late trade.

Finally, the BSE Sensex ended with a gain of 440 points at 28,343. The BSE Sensex opened at 28,102 touched an intra-day high of 28,478 and low of 28,011.

The NSE Nifty closed with a gain of 137 points at 8,744. The NSE Nifty opened at 8,647 hitting a high of 8,751 and low of 8,642.

However, as the day progressed, a sudden bout of buying in the auto, IT, banking, capital goods, energy, metal, oil & gas, banking and finance stocks lifted the benchmarks. On the other hand, telecom ended in red.

Among the 50-stocks of Nifty, Ambuja Cement, Bosch, Grasim, ACC, Eicher Motors, Hindalco and Tech Mahindra were among the gainers on NSE, whereas Bharti Airtel, Idea Cellular, Zee and BHEL were among the losers today.

The India VIX (Volatility) index was down 1.10% at 13.02. Out of 1,534 stocks traded on the NSE, 520 declined and 925 advanced today. The BSE Midcap and Smallcap indices ended up 0.80%-1%.

The rupee was trading up 11 paise at 67.06 per US dollar.

On the global front, Asian stocks closed on a mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed higher. Nikkei 225 closed in red.

In Europe, the FTSE 100 was trading up 0.31%. DAX and the CAC 40 were trading lower by 1% each.

Bharti Airtel dropped 3% after announcing up to 80% reduction in its 3G and 4G mobile data packs.

Maruti Suzuki India ended higher by 2.8% at Rs.5069 on the BSE. Maruti Suzuki India Limited, India's leading passenger vehicle manufacturer, today launched the sporty, Swift Deca, a limited edition model of its most popular hatchback. A wide array of features including touch screen multimedia system with Bluetooth, exterior styling kit, sporty body graphics, football themed seat covers and interior styling kit make the Swift Deca even more attractive.

Ramky Infrastructure soared 4.5% to Rs.78.20 after winning NHAI contracts worth Rs.1,646 crore for developing two highway projects in Jharkhand.

Mandhana Industries shares locked up in upper circuit for seventh straight day, after rising by their maximum daily limit of 5%. Strong buying has been witnessed in Mandhana Industries since the textile company last week disclosed that it has finalised an agreement with actor Salman Khan's 'Being Human' Foundation to sell products under the 'Being Human' brand.

eClerx Services erased all its early gains and closed lower on Tuesday as weak Q1 earnings and softer revenue and margin guidance weighed on its shares. eClerx shares had jumped as much as 10 per cent in the morning trade on share buyback approval.

Gujarat Mineral Development Corporation Ltd climbed 8.3% to Rs.98.15. The company reported a 56% growth in profit for the first quarter of financial year 2016-17.

Artson Engineering rallied 4.5% after it bagged an order worth Rs.24.43 crore from Mumbai Aviation Fuel Farm Facility (MAFFFPL) for design, fabrication, erection and testing of five fixed cone roof storage tanks.  

Live Stock Market Updates - Sensex jumps over 300 points; Nifty reclaims 8,700

The Indian stock market is trading on a steady note maintaining over half a percent gain as investors continue to pile up hefty positions almost across the counters. European stocks climbed, extending a monthly advance, as a weaker euro boosted exporters. 

At 1:35 PM, the S&P BSE Sensex is trading at 28,222 up 319 points, while NSE Nifty is trading at 8,706 up 99 points.

The BSE Mid-cap Index is trading up 0.76% at 13,164 whereas BSE Small-cap Index is trading up 1.05% at 12,629.

Bajaj Auto, Maruti Suzuki, GAIL, ICICI Bank, and Sun Pharma are among the gainers, whereas Bharti Airtel, Den Network, P&G, Jubilant FoodWorks and Prestige Estates are losing sheen on BSE.

Some buying activity is seen in auto, IT, banking, metal, oil & gas, FMCG, pharma and finance sectors, while telecom sector is showing weakness on BSE.

The INDIA VIX is down 2.22% at 12.8725. Out of 1,855 stocks traded on the NSE, 456 declined, 1,107 advanced and 292 remained unchanged today.

A total of 82 stocks registered a fresh 52-week high in trades today, while 19 stocks touched a new 52-week low on the NSE.

eClerx Services Ltd is currently trading at Rs. 1684, up by Rs. 51.2 or 3.14% from its previous closing of Rs. 1632.8 on the BSE. The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs.95.9 crore for the quarter ended June 30, 2016 as compared to Rs.75.4 crore for the quarter ended June 30, 2015.

The company informed BSE that the Board of Directors of the Company at its meeting approved a proposal for buyback of equity Shares of the Company, subject to approval by the shareholders, for an aggregate amount not exceeding Rs.234 crore.

Ramky Infrastructure Ltd is currently trading at Rs. 82.95, up by Rs. 8.15 or 10.9% from its previous closing of Rs. 74.8 on the BSE. NHAI has awarded contracts worth Rs.1,646 crore to Ashoka Buildcon and Ramky Infrastructure for building two highway projects in Jharkhand.

The rupee opened marginally higher by 3 paise at 67.13/$ against US Dollar Tuesday as against the previous close of 67.16/$.

Asian markets are trading mixed. Nikkei 225 and Hang Seng are trading in green, while Shanghai Composite is in red.

The economy could well grow over 8pc this fiscal says Niti Aayog Vice-Chairman Arvind Panagariya. He attributes policy reforms, focus on implementation at the grassroots level and good monsoon for the same. The weather bureau is banking on one good spell before the southwest monsoon starts withdrawing from September 5; this could make good the deficit and perhaps record above-normal monsoon for the year.

The FIPB is expected to take up 12 foreign investment proposals today.

Wall Street closed higher on Monday. The Dow Jones industrial average rose 107.59 points to 18,502.99, the S&P 500 gained 11.34 points to 2,180.38 and the Nasdaq Composite added 13.41 points to 5,232.33.

Apple ended down 0.1 percent at USD 106.82. The company could face over 1 billion euros in back taxes as the European Commission was set to rule on Tuesday against Ireland's tax dealings with Apple.

On the economy front, investors are also cautious ahead of the GDP data for the June quarter and fiscal deficit data for July on 31 August.

The economy’s prospects for the current financial year are brighter than the previous fiscal, but growth is still below potential, wrote Reserve Bank of India governor Raghuram Rajan in his foreword to the central bank’s annual report for 2015-16.

Opening Bell - Sensex regains 28K level, up 110 points in early trade

At 9:15 AM, the S&P BSE Sensex is trading at 28,012 up 110 points, while NSE Nifty is trading at 8,646 up 39 points.

The rupee opened marginally higher by 3 paise at 67.13/$ against US Dollar Tuesday as against the previous close of 67.16/$.

Asian markets are trading mixed. Nikkei 225 and Hang Seng are trading in green, while Shanghai Composite is in red.

The economy could well grow over 8pc this fiscal says Niti Aayog Vice-Chairman Arvind Panagariya. He attributes policy reforms, focus on implementation at the grassroots level and good monsoon for the same. The weather bureau is banking on one good spell before the southwest monsoon starts withdrawing from September 5; this could make good the deficit and perhaps record above-normal monsoon for the year.

The FIPB is expected to take up 12 foreign investment proposals today.

Wall Street closed higher on Monday. The Dow Jones industrial average rose 107.59 points to 18,502.99, the S&P 500 gained 11.34 points to 2,180.38 and the Nasdaq Composite added 13.41 points to 5,232.33.

Apple ended down 0.1 percent at USD 106.82. The company could face over 1 billion euros in back taxes as the European Commission was set to rule on Tuesday against Ireland's tax dealings with Apple.

On the economy front, investors are also cautious ahead of the GDP data for the June quarter and fiscal deficit data for July on 31 August.

The economy’s prospects for the current financial year are brighter than the previous fiscal, but growth is still below potential, wrote Reserve Bank of India governor Raghuram Rajan in his foreword to the central bank’s annual report for 2015-16.

Indices snap 2-day losing streak...Nifty back above 8600

The key benchmark indices snapped a two-day losing streak on Monday. After opening on a flat note indices remained under pressure and slipped lower in the first half. However, as the day progressed, late bout of buying in the auto, capital goods, energy, metal, oil& gas, banking and finance stocks lifted the benchmarks. On the other hand, IT, realty, FMCG, teck and pharma stocks were under pressure.

Among the 50-stocks of Nifty, Zee, Tata Motors, Hero MotoCorp, RIL, Hindalco, Tata MotorsDVR, L&T, ICICI Bank and Adani Ports were among the gainers on NSE, whereas HCL Tech, Wipro, Bharti Infratel, Tech Mahindra, Lupin, HDFC Bank and Asian Paints were among the losers today.

Finally, the BSE Sensex ended with a gain of 120 points at 27,902. The BSE Sensex opened at 27,827 touched an intra-day high of 27,953 and low of 27,699.

The NSE Nifty closed with a gain of 35 points at 8,607. The NSE Nifty opened at 8,584 hitting a high of 8,622 and low of 8,544.

The India VIX (Volatility) index was down 2.98% at 13.1650. Out of 1,420 stocks traded on the NSE, 840 declined and 618 advanced today. The BSE Midcap and Smallcap indices ended up 0.2%-0.3%.

The rupee was trading down 11 paise at 67.16 per US dollar.

On the global front, Asian stocks closed on mixed note. The Shanghai Composite index and Hong Kong’s Hang Seng index closed marginally lower. Nikkei 225 gained 2.3%.

In Europe, the FTSE 100 was trading up 0.31%. DAX and the CAC 40 were trading lower by 1% each.

Tata Motors soared 4.2% to Rs.525 on BSE. The company posted a net profit after tax, minority interest and share of profit of associates of Rs.2260.4 crore for the quarter ended June 30, 2016 as compared to Rs.5254.2 crore for the quarter ended June 30, 2015. Higher volumes in both standalone as well as Jaguar Land Rover (JLR) business was more than offset by the adverse foreign currency impact of Rs 2296 crore and adverse commodity derivatives impact of Rs 167 crore in the operating profit mainly in the Jaguar Land Rover business.

Indian Oil Corporation ended marginally down at Rs.572. The company posted a net profit of Rs.8269 crore for the quarter ended June 30, 2016 as compared to Rs.6590.8 crore for the quarter ended June 30, 2015.

Procter & Gamble Hygiene and Health Care slipped 1%. The company reported an increase of 2.2% in its net profit at Rs 109.40 crore for the quarter ended June 30, 2016.

Adani Enterprises closed higher by 1% at Rs.72.85 on the BSE after a federal court in Australia rejected challenge to its Carmichael mine.

Shree Renuka Sugars rallied 5.6% after creditors approved the reorganisation proposal put forward by its bankrupt Brazilian subsidiary, Renuka do Brasil S/A (RdB).

Pratibha Industries tumbled 4.8% to Rs.21.45 on the BSE. The company reported a consolidated net loss of Rs.30.15 crore for the quarter ended June 30 as compared to net profit of Rs.16.45 crore in the similar quarter of 2015-16.

Claris Lifesciences dropped 6.2%. The company received approval from the U.S. health regulator for generic Flumazenil injection used for reversal of the sedative effects of benzodiazepines in the America market.

GMR Infrastructure inched up 1.6% to Rs.13.30. GMR Airports Limited, a subsidiary of GMR Infrastructure Limited has won the competitive bid for development and operation of the Rs.3,000 crore Mopa Greenfield Airport in North Goa.

Alankit gained 2.6% to Rs.143.50 on BSE. Alankit Ltd has informed BSE that the Board of Directors of the Company approved the increase in Authorised Share Capital of the Company from Rs. 10 crores to Rs. 20 crore and issue of Bonus Shares in the proportion of 1:1.1, said a media report.

A total of 55 stocks registered a fresh 52-week high in trades today, whereas 17 stocks touched a new 52-week low on the NSE.

Live Stock Market Updates - Nifty reclaims 8,600 mark

The Indian stock market opened flat to positive but slipped into the negative zone in early trade on weak Asian cues.

At 2:35 PM, the S&P BSE Sensex is trading at 27,904 up 122 points, while NSE Nifty is trading at 8,601 up 28 points.

The BSE Mid-cap Index is trading up 0.14% at 13,018 whereas BSE Small-cap Index is trading up 0.10% at 12,499.

Tata Motors, Hero MotoCorp, RIL, L&T, Bharti Airtel and HDFC are among the gainers, whereas Wipro, TCS, Lupin, HDFC Bank and Asian Paints are losing sheen on BSE.

Some buying activity is seen in capital goods, industrial, auto, energy,metal,  oil and gas and consumer durables sectors, while telecom, IT, pharma, power, realty, banking, metal and teck sectors are showing weakness on BSE.

The INDIA VIX is down 1.71% at 13.3375. Out of 1,855 stocks traded on the NSE, 914 declined, 655 advanced and 286 remained unchanged today.

A total of 55 stocks registered a fresh 52-week high in trades today, while 26 stocks touched a new 52-week low on the NSE.

The rupee opened lower by 12 paise at 67.14/$ against US Dollar Monday as against the previous close of 67.05/$.

DLF is trading marginally down ahead of Q1 numbers today.

Tata Motors soared 4.4% to Rs.525.75 on BSE. The company has posted a net profit after tax, minority interest and share of profit of associates of Rs.2260.4 crore for the quarter ended June 30, 2016 as compared to Rs.5254.2 crore for the quarter ended June 30, 2015.

Aurobindo Pharma is trading down 0.35%. The pharma company and Intas are among the contenders for the UK and Irish portfolio of Teva, as per media reports.

Procter & Gamble Hygiene and Health Care slipped 2.4%. The company reported an increase of 2.2% in its net profit at Rs 109.40 crore for the quarter ended June 30, 2016.

Coal India is trading down 0.93%. The company will invest around Rs.7,765 crore towards capital expenditure in the ongoing fiscal and Rs.5,069 crore in various projects, including railway infrastructure, super critical thermal power plant and solar power.

Shree Renuka Sugars Ltd is currently trading at Rs. 16.95, up by Rs. 0.95 or 5.94% from its previous closing of Rs. 16 on the BSE. The company has informed BSE that under the Judicial Protection Law (11.101/2005 Recuperacao Judicial), the Assembly of Creditors of Renuka do Brasil S/A (RdB) has approved the Reorganization Plan presented by Renuka do Brasil S/A on August 26, 2016.

ACC Ltd is currently trading at Rs. 1628.4, down by Rs. 10.05 or 0.61% from its previous closing of Rs. 1638.45 on the BSE. The cement major will is poised to increase its manufacturing capacity in India to 35 million tonnes per annum from 30 mtpa (beginning of the year) with the addition of a couple of more plants, as per media reports.

JSW Steel Ltd is currently trading at Rs. 1759.55, up by Rs. 5.95 or 0.34% from its previous closing of Rs. 1753.6 on the BSE.The company has committed an investment of Rs.50,000 crore in Odisha for a 10-million-tonne steel project. 

Pratibha Industries Ltd is currently trading at Rs. 21.45, down by Rs. 1.1 or 4.88% from its previous closing of Rs. 22.55 on the BSE. The company has reported a consolidated net loss of Rs.30.15 crore for the quarter ended June 30 as compared to net profit of Rs.16.45 crore in the similar quarter of 2015-16.

Abbott India Ltd is currently trading at Rs. 4767.5, up by Rs. 36.05 or 0.76% from its previous closing of Rs. 4731.45 on the BSE. The pharma company will be in focus as it posted a 10% rise in standalone net profit to Rs.74.01 crore for quarter ended June 30 as compared to net profit of Rs.67.31 crore for the similar quarter last year.

Vakrangee gained 1.4%. The company PAT stood at Rs.120.5 crore in Q1FY2016-17 as against Rs.86.1 crore for the corresponding quarter last year, registering a growth of 40%.

Claris Lifesciences dropped 4%. The company has received approval from the U.S. health regulator for generic Flumazenil injection used for reversal of the sedative effects of benzodiazepines in the America market.

Reliance Communications inched up 0.37%. Reliance Communications and Aircel Ltd are expected to sign an agreement for merger of their businesses by the first week of September, as per media reports.

GMR Infrastructure climbed 3% to Rs.13.49. GMR Airports Limited, a subsidiary of GMR Infrastructure Limited has won the competitive bid for development and operation of the Rs.3,000 crore Mopa Greenfield Airport in North Goa.

Bharat Forge slipped 1% to Rs.853. The company has acquired 64,000 shares of its wholly owned step down UK subsidiary - Bharat Forge International (BFIL), from Bharat Forge Global Holding GMBH, for USD 4,544,000 (around Rs 30 crore).

Alankit jumped 4% to Rs.145.35 on BSE. Alankit Ltd has informed BSE that the Board of Directors of the Company approved the increase in Authorised Share Capital of the Company from Rs. 10 crores to Rs. 20 crore and issue of Bonus Shares in the proportion of 1:1.1, said a media report.

The rupee opened lower by 12 paise at 67.14/$ against US Dollar Monday as against the previous close of 67.05/$.

Asian markets are trading mixed. Nikkei 225 is trading in green, while Shanghai Composite and Hong Kong's Hang Seng are trading lower.

Investors are still trying to make sense and understand the implications of US Federal Reserve Chair Janet Yellen's speech on Friday. At Jackson Hole, she said the case for a rate hike was strengthening thereby re-echoing the views of other Fed officials.

Meanwhile, Bank of Japan’s Haruhiko Kuroda reiterated that the Japanese central bank was ready to do all that is needed to prevent the Japanese economy from sliding further into deflation.

The Narendra-Modi government hopes to advance the Winter Session of Parliament to ensure that the GST is rolled out by April 1, 2017. Infosys will remain in focus after the management decided to split its business into smaller units.

Wall Street ended mostly lower on Friday after Federal Reserve Chairwoman Janet Yellen said the case for an increase in U.S. short-term interest rates has strengthened in recent months. The Dow Jones Industrial Average fell 53.01 points, or 0.3%, to 18,395.40. The S&P 500 lost 3.43 points, or 0.16%, to 2,169.04. The Nasdaq Composite rose 6.71 points, or 0.13%, to 5,218.92.

The dollar is near a two-week high against the yen post fed commentary and crude prices declined.

India's foreign exchange reserves went up to $367.16 billion as on August 19. The foreign current assets stood at $341.67 billion, gold $21.58 billion, special drawing rights $1.49 billion and the reserve position with the International Monetary Fund (IMF) stood at $2.41 billion.

On the economy front, Nirmala Sitharaman defended her demand for 2 per cent cut in interest rates by RBI, saying it is essential to boost SMEs and create jobs, amid criticism that such a move would drastically affect fixed deposits.