SAIL rose over 1 percent on fund raising reports.
Reliance Jio has accused Bharti Airtel of mispresenting facts and data to hide its ill-gotten profits and to support its false pretense of loss under the existing IUC regime. Shares of Bharat Financial Inclusion rose by Rs 3.34 per cent to end at Rs 967.25.
Auto major Tata Motors hopes to build on the ongoing revival of its domestic commercial vehicles having increased its overall market share by 330 bps to 45.6 per cent in August putting the GST and BS-III ban disruptions behind it.
Religare Enterprises: The company shareholders have approved a proposal to invest up to Rs 500 crore in its arm Religare Capital Markets for repaying debt related to Mauritius business, and capital needs of India business. The shareholders have given their approval to an ordinary resolution through postal ballot, the company said yesterday in a regulatory filing. A total of 154 shares were unchanged.
Brokers said that building up of positions by domestic institutional and investors ahead of IIP for July and and inflation data for August - to be released later in the day - also had an influence.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 per cent to its highest level since late 2007. It had gained 25.55 in the previous two sessions. The rupee weakened 9 paise to 63.87 against the United States dollar. Despite the ongoing upbeat sentiment, experts are of the view that investors should still watch their step given that a possible economic impact of hurricane at the Florida coast, could upset the markets.
Mumbai: Global markets are heaving a momentary relief after North Korea did away with plans for a second missile test, that it meant to test during the weekend.