Market may edge lower in early trade on weak global cues. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 47 points at the opening bell.

Overseas, most Asian stocks edged lower after Wall Street edged down as markets digested the prospect of an additional rate hike this year. US stocks declined yesterday, 21 September 2017 as profit booking emerged after recent winning streak.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1204.95 crore yesterday, 21 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1416.55 crore yesterday, 21 September 2017, as per provisional data.

Among corporate news, Tata group companies will be in focus. Shareholders of Tata Sons, the holding company of the Tata group, yesterday, 21 September 2017 voted in favour of turning it into a private limited company despite vehement opposition from ousted chairman Cyrus Mistry's family firms that own a minority stake. The development implies that Mistry's Shapoorji Pallonji group won't be able to sell its minority stake in Tata Sons without board approval.

InterGlobe Aviation announced that a committee of the Board of Directors approved allotment of 3.35 crore equity shares to qualified institutional buyers at an issue price of Rs 1,130 per share. The announcement was made after market hours yesterday, 21 September 2017.

Indian Bank announced that the board of directors approved issuance of 7-year long term bonds amounting to Rs 2000 crore in tranches out of the Rs 5000 crore. The announcement was made after market hours yesterday, 21 September 2017.

The market settled with small losses yesterday, 21 September 2017 amid subdued trading on Asian bourses after the outcome of the Federal Reserve meeting. The Sensex fell 30.47 points or 0.09% to settle at 32,370.04, its lowest closing level since 15 September 2017.

Market may edge lower in early trade tracking weakness in Asian bourses. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 21 points at the opening bell.

Overseas, most Asian stocks edged lower after the dollar and US Treasury yields spiked following big news out of the Federal Reserve. US stocks closed at record highs yesterday, 20 September 2017, after the Federal Reserve indicated another rate hike this year was possible and that it would begin the unwinding of its balance sheet next month.

US central bank, at the conclusion of its two-day monetary policy meet yesterday, 20 September 2017 left rates unchanged. Fed stated that it will begin in October rolling off its $4.5 trillion balance sheet, most of which consists of the Treasuries and mortgage-backed securities.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1185.44 crore yesterday, 20 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 946.23 crore yesterday, 20 September 2017, as per provisional data.

Among corporate news, Reliance Industries' (RIL) subsidiary Reliance Jio Infocomm (Jio) issued a press release to the stock exchanges in response to queries from media. Jio said it is committed to implementing the most efficient telecommunications network in India and passing on the benefits of technology to Indian customers. Jio offers free voice services to all its customers backed by a superior technology and has helped make India the world's largest mobile data consuming country within one year of commencement of services.

Implementation of Bill & Keep regime will help in making services more affordable for Indian customers, Jio said. It should have been implemented in 2014 as envisaged in the 2011 Report submitted by TRAI to the Supreme Court and will be six years too late, it added.

Jio said it has always offered free voice services to its customers. There is no question of any advantage from the new interconnect usage charge (IUC) regulation to Jio as it has already passed on all the benefits to customers. It denied any benefits to Jio. At a time when the world is moving towards IP-based technologies, cost of voice has come down to a fraction of a paisa and the customers should enjoy this advantage, Jio said.

References to financial stress in the industry or the need for IUC to promote rural coverage again shows the attitude of the incumbent operators wherein IUC is being treated as a subsidy that the Indian customers must pay to sustain these operators financially, Jio said. On the contrary, it is a fact that the high cost IUC regime thus far has caused financial stress for the smaller and new operators, it added.

Technology is fast determining growth opportunities in the world. It is the responsibility of all the operators and other stakeholders to work together to achieve the vision of Digital India and transform the digital landscape of India. A forward-looking regulatory regime will contribute in achieving that vision, Jio said. The announcement was made after market hours yesterday, 20 September 2017.

Key benchmark indices settled near the flat line in a range-bound trading session yesterday, 20 September 2017. The Sensex had fallen 1.86 points or 0.01% to settle at 32,400.51, its lowest closing level since 15 September 2017.

Market may edge lower in early trade. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 11.50 points at the opening bell.

Overseas, Asian stocks traded mixed as investors awaited clues from the outcome of Federal Reserve monetary policy meeting later in the global day. US stocks closed at record high yesterday, 19 September 2017 as the Federal Reserve kicked off a two-day monetary policy meeting yesterday.

Market participants are largely expecting interest rates to remain unchanged. However, Fed is expected to announce the unwinding of its $4.5 trillion balance sheet.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1719.62 crore yesterday, 19 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 77.68 crore yesterday, 19 September 2017, as per provisional data.

Among corporate news, Infosys announced that Infosys Finacle, a part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys announced its partnership with Niki.ai, a FinTech start-up that offers chat based commerce solutions. With this partnership, Finacle solution suite will be available with Niki.ai's chat-based virtual assistant - Niki. This offering will enable banks to offer its customers a virtual banking assistant for shopping products and services. The announcement was made after market hours yesterday, 19 September 2017.

Hindustan Copper announced that it signed an memorandum of understanding (MoU) with National Aluminium Company and Mineral Exploration Corporation on 18 September 2017 to explore the possibility of forming a joint venture company for exploration of primarily strategic minerals overseas and sale of these minerals in India and other countries for commercial use. The announcement was made after market hours yesterday, 19 September 2017.

Key benchmark indices closed the lackluster trading session near the flat line yesterday, 19 September 2017. The Sensex had fallen 21.39 points or 0.07% to settle at 32,402.37, its lowest closing level since 15 September 2017.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 17.50 points at the opening bell.

Overseas, most Asian stocks edged higher as investors awaited clues from the Federal Reserve on future monetary policy. US stocks registered fresh record closing high yesterday, 18 September 2017 as investors looked ahead to the outcome of a key Federal Reserve meeting tomorrow, 20 September 2017. Market participants are largely expecting interest rates to remain unchanged. However, Fed is expected to announce the unwinding of its $4.5 trillion balance sheet.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 96.92 crore yesterday, 18 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 775.61 crore yesterday, 18 September 2017, as per provisional data.

Among corporate news, Infosys and The CMA CGM Group, a world leader in container shipping announced a strategic seven-year partnership which will simplify and transform CMA CGM's IT applications and improve customer service experience. The announcement was made after market hours yesterday, 18 September 2017.

NHPC informed that TLDP-III (132 MW) and TLDP-IV (160 MW) power stations in West Bengal, which were under complete shutdown from 12 July 2017 and 13 July 2017, were restored on 15 September 2017 and 14 September 2017 respectively. TLDP-III had contributed 4.89% of the company's total revenue in FY 2017 while TLDP-IV contributed 2.22% of the company's total revenue in FY 2017. The announcement was made after market hours yesterday, 18 September 2017.

In the economic news, the number of foreign tourist arrivals (FTAs) rose 11% to 7.24 lakh in August 2017 over August 2016, data released by the Ministry of Tourism after market hours yesterday, 18 September 2017 showed.

Market registered modest gains in a broadly firm session of trade yesterday, 18 September 2017. The Sensex had risen 151.15 points or 0.47% to settle at 32,423.76, its highest closing level since 2 August 2017.

Market is seen opening higher on strong global cues. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 55.50 points at the opening bell.

Overseas, Asian stocks edged higher as investors anticipated clues on the direction of monetary policy from central banks later in the week. Japan markets are closed for a public holiday. US stocks rose to record levels on Friday, 15 September 2017. The Federal Reserve interest rate decision is scheduled on Wednesday, 20 September 2017.

Among global events, European Union economic and financial affairs ministers held an informal meeting in Tallinn, Estonia on Friday, 15 September 2017 and emphasized that the strength of the entire EU is dependent on the strength of the economic and monetary union. The implementation of the Greek programme and the third review dominated the meeting, noted Eurogroup president Jeroen Dijsselbloem at a press conference after the end of the meeting, as per reports.

Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 418.86 crore on Friday, 15 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 125.55 crore on Friday, 15 September 2017, as per provisional data.

Among corporate news, Wipro announced plans to deliver the Wipro BoundaryLess Data Center (BLDC) solution built on Hewlett Packard Enterprise (HPE) ProLiant for Microsoft Azure Stack to help customers expand their infrastructure capabilities beyond the traditional walls of the enterprise datacenter. The announcement was made after market hours on Friday, 15 September 2017.

Among economic data, India's merchandise exports increased 10.3% to $23.82 billion in August 2017 over a year ago. Meanwhile, merchandise imports jumped 21% to $35.46 billion. The trade deficit galloped 51.1% to $11.64 billion in August 2017 from $7.71 billion in August 2016, data released by the government after trading hours on Friday, 15 September 2017 showed.

As per the data released by the Reserve Bank of India, India's services exports increased 3.2% to $13.18 billion in July 2017 over July 2016. Meanwhile, India's services imports declined 1% to $7.33 billion in July 2017. India's services trade surplus improved 8.9% to $5.84 billion in July 2017 from $5.37 billion in July 2016.

Key benchmark indices settled near the flat line in what was a largely range-bound session of trade on Friday, 15 September 2017. The Sensex had risen 30.68 points or 0.1% to settle at 32,272.61, its highest closing level since 7 August 2017.

Market is seen opening lower on weak global cues. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 62 points at the opening bell.

Overseas, most Asian stocks edged lower after North Korea launched a missile in the direction of the east. As per reports, the unidentified missile flew over Japan before landing 2,000 km east of Hokkaido. US equities closed mostly lower yesterday, 14 September 2017 after strong inflation data raised the possibility of tighter monetary policy from the Federal Reserve. However, the Dow index closed at its record high.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1334.23 crore yesterday, 14 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 793.31 crore yesterday, 14 September 2017, as per provisional data.

Among corporate news, Wipro announced that it has joined The Linux Foundation as a Silver Member. The Linux Foundation is a nonprofit organization enabling mass innovation through open source technologies. Wipro has identified open source technologies as one of the strategic client themes to drive transformation across the enterprise. The announcement was made after market hours yesterday, 14 September 2017.

Separately, Wipro announced that it has been awarded a 7-year contract by Innogy SE to manage their data center and cloud services. Innogy SE is an established European energy company. The announcement was made before market hours today, 15 September 2017.

Key benchmark indices ended a volatile trading session with small gains yesterday, 14 September 2017. The Sensex had risen 55.52 points or 0.17% to settle at 32,241.93, its highest closing level since 7 August 2017.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 13.50 points at the opening bell.

Overseas, Asian stocks were mixed ahead of the US inflation report for August. Financial markets are on tenterhooks ahead of a run of data due later today, 14 September 2017, from China, including factory output, fixed asset investment and retail sales.

US market edged higher overnight, but trading was subdued as investors searched for catalysts that could breathe new life into the rally.The S&P 500 added 1.89 points to finish at 2,498.37. The Dow Jones Industrial Average edged up 39.32 points, or 0.2%, to end at 22,158.18 while the Nasdaq Composite Index rose 5.91 points to close at 6,460.19.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 826.77 crore yesterday, 13 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 725.90 crore yesterday, 13 September 2017, as per provisional data.

Among corporate news, IT major Wipro has become the official technology provider to McLaren Technology Group to help drive digitalisation across its businesses. Wipro will assist McLaren with achieving its recently defined IT strategy, focusing on providing next-generation differentiated IT services to its business divisions with an emphasis on agility and improved reliability. As part of this multi-year partnership, Wipro will leverage the Wipro HOLMESTM artificial intelligence platform and its next-generation managed services framework to offer flexibility and boost the productivity of McLaren's fast growing automotive and high-tech businesses. The announcement was made before trading hours today, 14 September 2017.

Key benchmark indices closed with divergent trend after a highly volatile trading session yesterday, 13 September 2017. The barometer index, the S&P BSE Sensex, rose 27.75 points or 0.09% to settle at 32,186.41. The Nifty 50 index fell 13.75 points or 0.14% to settle at 10,079.30. The Sensex gained for fifth day in a row while the Nifty snapped 4-day gains today, 13 September 2017.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 16 points at the opening bell, tracking mixed cues from other Asian stocks.

Overseas, Asian stocks were mixed. All three major US stock indexes booked all-time closing highs on Tuesday, 12 September 2017. It marks the first time all three benchmarks finished at records on the same day since 26 July 2017. The Dow Jones Industrial Average rose 61.49 points, or 0.3%, to finish at 22,118.86. The S&P 500 added 8.37 points, or 0.3%, to close at 2,496.48. The Nasdaq Composite Index finished up 22.02 points, or 0.3%, at 6,454.28.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1230.74 crore yesterday, 12 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1313.08 crore yesterday, 12 September 2017, as per provisional data.

India's industrial production rose 1.2% in July 2017 over July 2016, while snapping 0.2% decline for June 2017. The growth for June 2017 has been revised downwards to -0.2% from -0.1% reported earlier. The data was unveiled after market hours yesterday, 12 September 2017.

The all-India general consumer price index (CPI)-based inflation accelerated to 3.36% in August 2017, compared with 2.36% in July 2017. The data was unveiled after market hours yesterday, 12 September 2017.

Among corporate news, ICICI Bank said that the Committee of Executive Directors of the bank at its meeting held yesterday, 12 September 2017 has approved the proposal for fund raising by way of issuance of Basel III compliant unsecured subordinated perpetual Additional Tier 1 Bonds. The announcement was made after market hours yesterday, 12 September 2017.

Jet Airways (India)'s net profit rose 106.72% to Rs 53.50 crore on 9.92% rise in net sales to Rs 5648.87 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 12 September 2017.

Key benchmark indices spurted yesterday, 12 September 2017, as positive global cues boosted investors' sentiment on the domestic bourses. The barometer index, the S&P BSE Sensex, gained 276.50 points or 0.87% to settle at 32,158.66. The Nifty 50 index gained 87 points or 0.87% to settle at 10,093.05. The Sensex settled above the psychologically important 32,000 mark. Key equity benchmarks gained for fourth day in a row today, 12 September 2017. All the nineteen sectoral indices on BSE were in the green.

Market is seen opening higher tracking positive leads from Asian markets and overnight rally on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 29.50 points at the opening bell.

Overseas, Asian stocks extended yesterday's gains, mirroring strength in the US equities overnight as concerns faded over the potential damage of Hurricane Irma and as Korean Peninsula tensions took a backseat.

US stocks closed sharply higher on Monday, as Hurricane Irma hit Florida with less force than expected and North Korea failed to conduct another nuclear missile test over the weekend, helping to lure investors into buying assets perceived as risky like equities. The Dow Jones Industrial Average closed about 259.58 points, or 1.2%, higher at 22,057.37, while the S&P 500 index climbed 1.1% at 2,488.11, marking a fresh record for the broad-market gauge. The Nasdaq Composite Index rallied 1.1% at 6,432.26, and ended within range of its all-time closing high.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 392.52 crore yesterday, 11 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 877.37 crore yesterday, 11 September 2017, as per provisional data.

Key benchmark indices logged modest gains on positive global cues yesterday, 11 September 2017. The barometer index, the S&P BSE Sensex, gained 194.64 points or 0.61% to settle at 31,882.16. The Nifty 50 index advanced 71.25 points or 0.72% to settle at 10,006.05.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 43 points at the opening bell on positive Asian cues.

Overseas, Asian shares edged higher after North Korean dictator Kim Jong Un decided to hold a party over the weekend rather than launch another missile. The United States and its allies had been bracing for another long-range missile launch by North Korea in time for the 69th anniversary of North Korea's founding on Saturday, 9 September 2017.

Investors, however, remained cautious over the possible economic impact of Hurricane Irma in the US as it chewed its way up the Florida coast, knocking out electricity to 3 million homes and businesses statewide.

US equity benchmarks ended Friday, 8 September 2017, on a mixed note, with both the S&P 500 and the Nasdaq Composite in the red but the Dow Jones Industrial Average slightly higher as Hurricane Irma made landfall in Florida over the weekend. Tensions with North Korea also weighed on investors' minds, as the market fears the country will test a ballistic missile to commemorate its founding on Saturday. The S&P 500 slipped 0.1% to 2,462. The tech-focused Nasdaq Composite Index weakened 0.7% to 6,357. The Dow finished the week more or less flat at 21,789.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 256.42 crore on Friday, 8 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 487.97 crore on Friday, 8 September 2017, as per provisional data.

Among corporate news, Bharat Heavy Electricals announced that it has fixed 30 September 2017 as the record date for the purpose of issuance of 1:2 bonus issue. The announcement was made after market hours on Friday, 8 September 2017.

Key benchmark indices settled with small gains on Friday, 8 September 2017. The barometer index, the S&P BSE Sensex, rose 24.78 points or 0.08% to settle at 31,687.52. The Nifty 50 index rose 4.90 points or 0.05% to settle at 9,934.80.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 20 points at the opening bell.

Overseas, Asian stocks were trading on a mixed note as investors braced for damage that Hurricane Irma may inflict on Florida.

US stock indexes ended slightly lower yesterday, 7 September 2017 as investors sold financials, consumer-discretionary and telecommunication shares. Investors were tracking Hurricane Irma and registering the latest policy stance from European Central Bank (ECB) President Mario Draghi's. The ECB left key interest rates unchanged, while Draghi indicated that the decision on how to taper a quantitative-easing program will come in October.

Back home, The barometer index, the S&P BSE Sensex, settled almost unchanged while the Nifty 50 index ended with small gains yesterday, 7 September 2017. The Sensex rose 0.77 points to settle at 31,662.74, its highest closing level since 5 September 2017. The Nifty gained 13.70 points or 0.14% to settle at 9,929.90, its highest closing level since 5 September 2017.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 564 crore yesterday, 7 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 245.32 crore yesterday, 7 September 2017, as per provisional data.

Among corporate news, ICICI Bank said it has fixed the price band for the proposed initial public offer (IPO) of its insurance subsidiary viz. ICICI Lombard General Insurance Company at Rs 651 to 661 per share. The announcement was made after market hours yesterday, 7 September 2017.

TCS and GE's Power Services business (PS), together completed a complex integration of field service technician information into a Services Data Lake. The platform improves financial process efficiency for power generation asset service operations by integrating disparate data of service work orders and case management from multiple product and service lines including parts, services and repairs. The announcement was made after market hours yesterday, 7 September 2017.

Cadila Healthcare said that at the end of inspection of its Moraiya facility from 31 August to 7 September 2017 by the US drug regulator, no observation (483) was issued to the company. The clarification was issued on news report after market hours yesterday, 7 September 2017.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 18 points at the opening bell.

Overseas, Asian stocks were trading higher, tracking overnight US gains following a deal to extend the federal government's borrowing limit for three months. US stock benchmarks closed slightly higher yesterday, 6 September 2017 after congressional leaders and President Donald Trump agreed to extend the debt limit deadline and fund the government through mid-December.

In US economic data, the trade deficit rose slightly in July, keeping the US on track to post a larger gap in 2017 than in 2016. The deficit edged up to $43.7 billion in July from $43.5 billion in June. A reading on services activity, meanwhile, came in better than expected, providing an added lift to the outlook for the health of the US economy. ISM services were at 55.3 in August, compared with 53.9 in the prior period. A reading of at least 50 indicates expansion.

Back home, key benchmark indices registered modest losses yesterday, 6 September 2017 in line with drop in global peers as rising geopolitical tensions between the US and North Korea dampened sentiment. The Sensex fell 147.58 points or 0.46% to settle at 31,661.97, its lowest closing level since 30 August 2017.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 1353.02 crore yesterday, 6 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 51.57 crore yesterday, 6 September 2017, as per provisional data.

Among corporate news, Reliance Industries (RIL) said that it had participated in an on-line e-bidding process held recently by Allahabad Bank being leader of the consortium of eleven banks to sell/dispose off assets of Kemrock Industries & Exports of Vadodara, Gujarat and has been declared as the winner in the bid.

This participation is a part of Reliance's efforts to enter the composites business and establish a leadership position in this large and growing market in India. Composites are used in a variety of applications and industries such as renewable energy, mass transportation, infrastructure and a host of other industrial products.

The assets will pave the way for Reliance to foray into new materials (composites and carbon fibre) and further strengthen its petrochemicals business portfolio. The company is in the process of complying with the necessary formalities for acquisition of assets. The announcement was made after market hours yesterday, 6 September 2017.

Infosys announced the opening of a new state-of-the-art office space in Amsterdam. The company currently has more than 20 clients in the country and employs over 1,100 people including those working at client locations in The Netherlands. The announcement was made after market hours yesterday, 6 September 2017.

HCL Technologies announced a new strategic partnership with Alpha Insight, an intelligent products and solutions company headquartered in London, UK, with industry leading expertise in Business Flow Monitoring and Operational Intelligence. The announcement was made after market hours yesterday, 6 September 2017.

The transaction, which includes purchase of select assets, bolsters HCL's DRYiCE Platform and its positioning as an Enterprise A.I Foundation. Integration of Alpha Insight's iControl product into the DRYiCE suite of products, provides deep visibility into end-to-end horizontal business flows and robust operational intelligence to Digital Enterprises, HCL Technologies said in a statement.

Wipro announced that it has won a five-year IT applications management contract from Outokumpu, a global leader in stainless steel, headquartered in Finland. As part of the five-year contract, Wipro will provide applications management services for Outokumpu's SAP landscape along with legacy applications support to cover Outokumpu locations, globally. The announcement was made before market hours today, 7 September 2017.

Domestic stocks are likely to see a gap-down opening on negative global cues. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 45 points at the opening bell.

Overseas, Asian stocks were trading lower as nations grapple with how to deal with escalating provocations from North Korea. US stocks closed firmly lower yesterday, 5 September 2017 as investors focused on heightened tensions between the West and North Korea and worries about a lack of progress on President Donald Trump's pro-growth agenda.

The case for a continued risk-off tone was supported by a lack of consensus among the US, Russia and China on how to pressure Kim Jong Un to abandon his nuclear ambitions. Russian President Vladimir Putin has rejected US calls for more sanctions, echoing China's resistance to more punitive measures. The standoff between North Korea and the US and its allies escalated over the weekend after Pyongyang said it had successfully tested its largest-ever nuclear bomb.

Back home, the key benchmark indices logged modest gains in volatile session of trade yesterday, 5 September 2017 as positive European stocks boosted sentiment. The Sensex rose 107.30 points or 0.34% to settle at 31,809.55, its highest closing level since 1 September 2017.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 379.16 crore yesterday, 5 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 474.36 crore yesterday, 5 September 2017, as per provisional data.

Among corporate news, HCL Technologies said it has agreed to buy ETL Factory, doing business as Datawave, a UK-based company that has created an innovative data automation platform which enables enterprise customers execute large scale, complex data-migration and data-integration projects in a leaner, faster and smarter way. The flagship product Datawave, won the Informatica Innovation Award and is also extendable to other platforms, including big data. The announcement was made after market hours yesterday, 5 September 2017.

Bajaj Finance said that the special committee of the board of the company on 5 September 2017, authorized the opening of the qualified institutional placement (QIP) on 5 September 2017. The floor price for the QIP was fixed at Rs 1,771.90 per share. The announcement was made after market hours yesterday, 5 September 2017.

A meeting of the committee will be held on or after 8 September 2017 to consider and approve the issue price including a discount, if any, thereto for the shares to be allotted to qualified institutional buyers pursuant to the QIP.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 10 points at the opening bell. On the macro front, Markit Economics will unveil the result of a monthly survey on the performance of India's services sector in August 2017 today, 5 September 2017.

Overseas, Asian stocks were trading on a mixed note as traders awaited further developments on the North Korea front. US financial markets remained closed yesterday, 4 September 2017 in observance of Labor Day.

Back home, key benchmark indices logged modest losses on first trading day of the week yesterday, 4 September 2017 led by slide in Infosys and HDFC Bank. The Sensex lost 189.98 points or 0.6% to settle at 31,702.25, its lowest closing level since 30 August 2017.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 873.91 crore yesterday, 4 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 49.10 crore yesterday, 4 September 2017, as per provisional data.

Among corporate news, Wipro announced the launch of its newest digital pod in Edinburgh, Scotland, deepening its commitment to offer digital services at close proximity to its UK and European customers. The announcement was made after market hours yesterday, 4 September 2017.

The Edinburgh Pod is purpose built for Wipro's digital strategy, design and engineering teams to work in a collaborative and adaptive workspace, along with clients. Digital pods allow teams to work with the necessary autonomy to facilitate speed, continually evaluating progress with user research and technical performance data.

Bank of Baroda said that Life Insurance Corporation of India sold 2.039% or 4.69 crore shares of the bank in the open market from 10 July 2017 to 1 September 2017. After the sale, LIC now holds 7.249% stake in the bank. The announcement was made after market hours yesterday, 4 September 2017.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 17 points at the opening bell.

Overseas, Asian stocks fell after North Korea on Sunday said it tested a hydrogen bomb with unprecedentedly big power, raising geo-political tensions between North Korea and US. Meanwhile, US President Donald Trump threatened to increase economic sanctions and halt trade with any nation doing business with North Korea.

US equities finished higher on Friday, 1 September 2017 on expectations that a weaker-than-expected rise in August nonfarm payrolls could dull the Federal Reserve's desire to further raise borrowing costs in 2017.

In economic data, the US economy added 156,000 jobs in August. The unemployment rate stood at 4.4% in August, rising by 0.1 percentage point from July. Average hourly wages increased by 0.1% in August from a 0.3% increase in the previous month.

In other economic data, the closely watched Institute for Supply Management manufacturing index jumped to a six-year high in August. The University of Michigan said its final gauge of consumer sentiment for August came in at 96.8 versus a preliminary reading of 97.6.

Back home, Key benchmark indices settled with modest gains on Friday, 1 September 2017. The Sensex rose 161.74 points or 0.51% to settle at 31,892.23, its highest closing level since 8 August 2017.

The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 832.81 crore on Friday, 1 September 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 731.72 crore on Friday, 1 September 2016, as per provisional data.

Among corporate news, Hero MotoCorp said its two-wheeler sales rose 10% to 6.78 lakh units in August 2017 over August 2016, riding on popular demand for its exciting range of two-wheelers. The high sales in August have ensued owning to the early arrival of the festival season this year. The company is poised to further consolidate its market leadership by meeting customer expectations with adequate inventory of its range of popular motorcycles and scooters at dealerships across the country. The announcement was made after market hours on Friday, 1 September 2017.

Coal India reported production and offtake figures for August 2017. Coal India said that production of the company and its subsidiary companies on provisional basis was 102% of targeted production at 37.63 million tonnes in August 2017. Offtake was 102% of target at 43.75 million tonnes in August 2017. The announcement was made after market hours on Friday, 1 September 2017.

L&T said its subsidiary L&T Infrastructure Development Projects (L&T IDPL) proposes to establish an infrastructure investment trust in the name of IndInfravit Trust under the provisions of the InvIT Regulations. In this regards, an application for registration of the InvIT as an infrastructure investment trust was filed by L&T IDPL with Securities and Exchange Board of India (SEBI) on 1 September 2017. The announcement was made on Saturday, 2 September 2017.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 2.90 points at the opening bell amid mixed Asian stocks. The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month August 2017 series to September 2017 series. The near month July 2017 derivatives contract expire today, 31 August 2017.

Overseas, Asian stocks were mixed amid receding concerns about North Korea's firing of a missile over Japan late last week. An official gauge of China's factory activity rose in August, reflecting continued firmness in the world's second-largest economy, government data showed. China's official manufacturing purchasing managers' index rebounded to 51.7 from July's 51.4. The index has now stayed above the 50 mark, which separates an expansion of activity from a contraction, for 13 months.

Japan's industrial output fell more than expected in July. Industrial output fell 0.8% in July from the previous month, dragged down by production of semiconductor production equipment, turbines and power generators, preliminary data from the Ministry of Economy, Trade and Industry showed

US stocks climbed yesterday, 30 August 2017, after the Commerce Department said the economy grew faster than expected in the second quarter. President Donald Trump also made a speech calling on Congress to act to advance tax reform, a proposal favoured by many businesses. The Commerce Department said the US economy grew at a 3% annual rate over the three months to the end of June, up from an earlier 2.6% estimate. The revision means that growth for the quarter was at the fastest rate since the first quarter of 2015.

Private-sector hiring skyrocketed in August, according to data released. Employers added a seasonally adjusted 237,000 jobs during the month, payroll processor ADP said. That was a big gain from the 178,000 jobs ADP reported in July, and which it revised up to 201,000.

Crude-oil futures ended lower yesterday, 30 August 2017 as gasoline prices rallied to a 2-year high, with traders expecting upcoming government reports to reveal the impact of Hurricane Harvey-related crude production and refinery shutdowns.

Among corporate news back home, Wipro said it has fixed 15 September 2017 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in share buyback. The announcement was made after market hours yesterday, 30 August 2017.

The company's board on 20 July 2017, approved a proposal to buyback up to 34.37 crore shares for an aggregate amount not exceeding Rs 11000 crore.

Reliance Industries (RIL) said it will make an offer for issuing non-convertible debentures (NCDs) worth Rs 2500 crore next week. The net proceeds of the issue will be utilised inter-alia for refinancing of existing borrowings and for any other purpose in the ordinary course of business, it said. The announcement was made after market hours yesterday, 30 August 2017.

Meanwhile, RIL said it fixed 9 September 2017 as the record date for the proposed 1:1 bonus issue of the company.

NTPC will be watched after the government received bids for 7% stake in NTPC, which will fetch about Rs 9100 crore to the exchequer. At the end of the two-day offer for sale (OFS), the government retained oversubscription it had received from institutional investors after retail investors bid for only 73% of the quota allocated for them.

The government had planned to sell over 41.22 crore shares, or 5% holding, through the two-day OFS, with an option to retain a similar portion in case of oversubscription. On the opening day on Tuesday, 29 August 2017, institutional investors bid for 46.35 crore shares against 32.98 crore shares offered to them, according to stock exchange data. Yesterday, 30 August 2017, retail investors bid for 8.45 crore shares against 11.58 crore shares on offer. The government has reportedly decided to retain oversubscription, and after adjustments a total of 7% stake was sold in the OFS, garnering Rs 9100 crore. The shares were offered at a floor price of Rs 168 each.

Key benchmark indices logged modest gains in a steady session of trade yesterday, 30 August 2017 led by index heavyweights Reliance Industries, HDFC and HDFC Bank. Positive global stocks boosted sentiment on domestic bourses. The Sensex gained 258.07 points or 0.82% to settle at 31,646.46, its highest closing level since 28 August 2017.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 12.46 crore yesterday, 30 August 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 290.78 crore yesterday, 30 August 2017, as per provisional data.

On the macro front, the government will announce data on Q1 June 2017 gross domestic product (GDP) after market hours today, 31 August 2017. India's GDP rose at moderated pace of 6.1% in Q4 March 2017, which is the lowest pace of growth in last nine quarters. The GDP growth decelerated sharply from 7% growth recorded in the preceding last quarter and 8.7% surge posted in the corresponding quarter last year.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 91.90 points at the opening bell on firm Asian stocks.

Overseas, Asian stocks gained after US President Donald Trump's measured response to North Korean missile launches and comments from Kim Jong Un suggested geopolitical tensions will ease off. North Korea's latest missile launch jolted the US stock market yesterday, 29 August 2017, but major indexes pulled back from those early losses and mostly finished higher as the weakening dollar gave technology and industrial companies a boost. North Korea had fired a ballistic missile over Japan yesterday, 29 August 2017 in an act the latter called an “unprecedented, grave and serious threat.”

Consumers confidence in US strengthened in August to the second highest level since late 2000, a survey released showed. The consumer confidence index rose to 122.9, up from 120 in the prior month, the Conference Board said.

US oil prices yesterday, 29 August 2017, settled at their lowest level in more than a month as refinery outages in the wake of Hurricane Harvey continued to spark fears of diminished demand for US oil.

Back home, Ministry of Finance said that excluding the taxpayers who have registered with the GSTN in August 2017 and the composition dealers, total number of tax payers who were required to file the returns for July 2017 is 59.57 lakhs, of which, as on 29th August, 2017, 38.38 lakh returns have been filed, which is 64.42% of the total number of returns, which are to be filed for the month of July 2017. The Goods and Services Tax (GST) tax was introduced on 1st of July, 2017.

The total revenue of GST paid under different heads upto 29th August, 2017 is Rs 92283 crore. The total CGST revenue is Rs 14894 crore, SGST revenue is Rs 22722 crore, IGST revenue is Rs 47469 crore (of which IGST from imports is Rs 20964 crore) and cess is Rs 7198 crore (of which Rs 599 crore is compensation cess from imports).

Key benchmark indices dropped over 1% yesterday, 29 August 2017 as sharp drop in European stocks and subdued Asian stocks weighed on sentiment on the domestic bourses. The Sensex lost 362.43 points or 1.14% to settle at 31,388.39, its lowest closing level since 22 August 2017.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 1459.64 crore yesterday, 29 August 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1391.33 crore yesterday, 29 August 2017, as per provisional data.

Among corporate news, Tata Power announced after market hours yesterday, 29 August 2017, that its 100% subsidiary, Tata Power Renewable Energy (TPREL), increased its generation capacity by 337% in the fiscal year ended March 2017 (FY17) as compared to the fiscal year ended March 2016 (FY16). TPREL generated 1440 million units (MUs) that from renewable energy sources (wind & solar) in FY17 as compared to 329 MUs in FY16.

TPREL is the primary vehicle through which Tata Power's investments in renewable energy capacity are driven. TPREL proposes to grow its capacity through organic and inorganic means over the next few years. TPREL completed commissioning of 100 MW wind farm at Nimbagallu, Andhra Pradesh and 50 MW Rojmal Phase-II in Gujarat and 15 MW solar plant in Belampally, Telangana in last quarter of FY17, Tata Power said in a statement.

HCL Technologies said that it has opened a new delivery center in Gothenburg, Sweden. The new centre will be a key hub in HCL's global delivery network, providing cutting edge transformational IT services as part of the global shares services model. In addition, the Gothenburg office will also become HCL's global headquarters for its mainframe services and automative centre of excellence. The announcement was made after market hours yesterday, 29 August 2017.

Reliance Industries proposed to make an offer for issuance of non-convertible debentures (NCDs series B) (2nd tranche) on private placement basis on Friday, 1 September 2017 aggregating Rs 2500 crore, to be listed on the Stock Exchanges. The net proceeds of the issue will be utilised inter-alia for refinancing of existing borrowings and for any other purpose in the ordinary course of business. The announcement was made after market hours yesterday, 29 August 2017.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 8.50 points at the opening bell tracking fall in most Asian stocks.

Overseas, most Asian stocks declined after North Korea fired a missile over northern Japan. North Korea fired a missile early today, 29 August 2017 that flew over Japan and landed in the Pacific waters off the northern region of Hokkaido, South Korea and Japan, in a sharp escalation of tensions on the Korean peninsula.

On Monday, 28 August 2017, US shares were mixed as investors tried to assess the flooding damage caused by Tropical Storm Harvey, powerful hurricane to strike Texas in more than 50 years when it came ashore last week.

An early look at US trade patterns in July points to a wider deficit. The advanced trade gap in goods — services are excluded — widened by nearly 1.8% to $65.1 billion in July, the Commerce Department said. Both exports and imports declined, but exports dropped at a faster pace.

Oil futures dropped yesterday, 28 August 2017, to their lowest finish in about a month, with traders expecting refinery shutdowns in the Gulf of Mexico region due to storm system Harvey to cause an excess in crude supplies.

Back home, trading for the week after an extended weekend due to a holiday started on a firm note as key benchmark indices settled with modest gains yesterday, 28 August 2017. The Sensex rose 154.76 points or 0.49% to settle at 31,750.82, its highest closing level since 17 August 2017.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 124.74 crore yesterday, 28 August 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 476.26 crore yesterday, 28 August 2017, as per provisional data.

Among corporate news, NTPC will be watched. The government will sell 5% stake in NTPC at a floor price of Rs 168 per share through a two-day offer-for-sale (OFS) beginning today, 29 August 2017, with an option to issue a similar number of shares in case of over subscription. The sale of 41.23 crore shares, or 5% equity, would fetch about Rs 7000 crore to the exchequer. The two-day OFS would open for institutional investors today, 29 August 2017, and retail investors would get to bid tomorrow, 30 August 2017. The offer shall take place during trading hours on a separate window of the stock exchanges on T day ie 29 August 2017 commencing at 09:15 IST and shall close on the same date at 15:30 IST. The announcement was made after market hours yesterday, 28 August 2017.

ACC, Bank of Baroda, Tata Power Company and Tata Motors DVR will be excluded from the NSE Nifty 50 index, according to a media statement issued on the National Stock Exchange after market hours yesterday, 28 August 2017. At the same time, Bajaj Finance, Hindustan Petroleum Corporation (HPCL) and UPL will become part of the index. Changes will be effective from 29 September 2017.

IT major Infosys said that some of the promoters would participate in the upcoming share buyback of the company. The IT firm had announced a Rs 13000-crore share buyback on 19 August 2017, a day after CEO and MD Vishal Sikka resigned from the company. The company would buy back up to 11.30 crore shares aggregating up to 4.92% of the paid-up equity capital via tender route at a price of Rs 1,150. The announcement was made after market hours yesterday, 28 August 2017.

Bharti Airtel announced after market hours yesterday, 28 August 2017, that the proposed acquisition of Tikona Digital Networks has now been completed. With this, Tikona Digital Networks has become a wholly owned subsidiary of Bharti Airtel. The transaction for the trading of the spectrum in Rajasthan circle is still pending for approval from the department of telecom (DoT).

Reliance Industries proposed to make an offer for issuance of non-convertible debentures (NCDs series A) (1st tranche) on private placement basis on 31 August 2017 aggregating Rs 5000 crore, to be listed on the Stock Exchanges.The net proceeds of the issue will be utilised inter-alia for refinancing of existing borrowings and for any other purpose in the ordinary course of business. The announcement was made after market hours yesterday, 28 August 2017.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 59.50 points at the opening bell tracking gains in most Asian stocks.

Overseas, most Asian stocks gained. US stock benchmarks finished with slight gains Friday, 25 August 2017, halting weekly skids as European Central Bank President Mario Draghi and Federal Reserve boss Janet Yellen delivered speeches at Jackson Hole, Wyo.

Yellen said the economy was stabilizing but made no specific remarks about monetary policy during her speech at the gathering of central bankers in Wyoming. Later Friday, Draghi said recoveries taking place in global economies are firming, though he said it was at an earlier stage in Europe and Japan.

Also at the Jackson Hole symposium, Bank of Japan Governor Haruhiko Kuroda said the recent pace of growth in the world's third-largest economy is probably unsustainable and pledged to continue with very accommodative monetary policy “for some time” because the BOJ is far from its inflation target.

The consumer price index for Japan in July 2017 was at 100.1, up 0.4% over the past year and the same level as the previous month on a seasonally adjusted basis.

On the geopolitical front, North Korea fired three ballistic missiles over the weekend and Secretary of State Rex Tillerson said on Sunday that the U.S. will continue to push for negotiations to deescalate nuclear tensions on the Korean peninsula despite the “provocative” acts.

New orders for manufactured durable goods in July decreased by $16.7 billion or 6.8% to $229.2 billion, the US Census Bureau announced.

Key benchmark indices closed the session near the flat line in a lackluster trading on Thursday, 24 August 2017. The Sensex rose 28.05 points or 0.09% to settle at 31,596.06, its highest closing level since 17 August 2017.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 696.93 crore on Thursday, 24 August 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 1044.38 crore on Thursday, 24 August 2017, as per provisional data.

The domestic stock market remained shut on Friday, 25 August 2017 on account of Ganesh Chaturthi.

NITI Aayog's 3-year Action Agenda was unveiled by the Union Finance Minister Arun Jaitley, along with Minister of State for Petroleum and Natural Gas Dharmendra Pradhan and NITI Aayog Vice Chairman Arvind Panagariya, said a government release. The Action Agenda is an integral part of the 15-year Vision Document of India being drafted by the NITI Aayog. Think-tank NITI Aayog's three-year action plan (2017-2020) has suggested shifting the composition of expenditures by allocating a larger proportion of additional revenues that become available over time to high-priority sectors. It has replaced the 5-year plan of the erstwhile Planning Commission and would be soon followed by a 15-year vision document and a 7-year strategy document.

Among corporate news, Infosys will be in spotlight. In its press release issued after market hours on Thursday, 24 August 2017, the company has announced an overhaul of its Board of Directors (Board). The Board appointed Nandan Nilekani as a non-executive, non-independent director and as the Chairman of the Board with immediate effect. It has accepted the resignation of R. Seshasayee as the Chairman of the Board and as a director on the Board with immediate effect.

The Board has accepted the resignation of Dr. Vishal Sikka as the Executive Vice-Chairman of the Board and as a director on the Board with immediate effect. It has accepted the resignation of Professor Jeffrey S. Lehman as a director on the Board with immediate effect. It has accepted the resignation of Professor John Etchemendy as a director on the Board with immediate effect. It has accepted the resignation of Ravi Venkatesan as the Co-Chairman of the Board with immediate effect. However, he continues as an independent director.

Infosys' board held its first meeting on Friday, 25 August 2017 chaired by its newly elected Chairman Nandan Nilekani. Nilekani stated that the Board is focused on bringing complete stability to the company. It has also tasked its Committee of Directors to work with the CEO (U B Pravin Rao) and management to review and refresh the company's strategy by October.

In recent days there has been considerable discussion of the relationship between the Board of Directors of Infosys and N. R. Narayana Murthy who established the culture and ethos of Infosys, especially its culture of adhering to high corporate governance standards. The Board believes it to be unfortunate that various differences of opinion have arisen between Murthy and the Board in the recent past. The Board wishes to express that it was not its intention to cause Murthy or any other affected person any personal distress or anguish while stating its point of view, the company said in a statement.

Infosys said it has previously authorized investigations into allegations made by anonymous persons regarding the conduct of prior management, and each of these investigations concluded that there was no wrongdoing. While the Board and the company are focused on the future, consistent with the company's commitment to good governance, the new Chairman will get a full briefing on these investigations and the appropriate course of action will be decided, the company said.

As the Board has stated on numerous occasions, it takes the company's reputation for high corporate governance standards with the utmost seriousness, Infosys said. Hence, it has, as previously disclosed, decided that it will engage in further broad-based shareholder consultations to determine what further, if any, the company can take to ensure that it continues to adhere to high governance standards, Infosys said.

The Board has also approved the appointment of the executive recruitment firm Egon Zehnder to work with its Nominations and Remunerations Committee to review and identify the right candidate to be the company's next CEO and MD. Additionally, the Nominations and Remunerations Committee will deliberate on the long term governance structure of the Board and present its recommendations at the meeting of the Board in October. The Board announced that D N Prahlad is appointed as the Chairman of Edgeverve with immediate effect.

Finally, the Board would like to state that it is firmly focused on ensuring that the affairs of the company and the interests of all its stakeholders - its customers, employees, shareholders, officers and directors - are harmoniously aligned and enhanced, Infosys said.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 11.50 points at the opening bell.

Overseas, Asian stocks witnessed a mixed trend. US stocks closed lower yesterday, 23 August 2017 after President Donald Trump said he would be willing to let the government shut down if his border wall isn't funded.

Meanwhile, the annual Jackson Hole Economic Policy Symposium is scheduled tomorrow, 25 August 2017 in Wyoming. Representatives from the central banks of more than 40 countries will attend the annual gathering, hosted by the Federal Reserve Bank of Kansas City.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1157.52 crore yesterday, 23 August 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 929.84 crore yesterday, 23 August 2017, as per provisional data.

Among corporate news, stocks of public sector banks (PSBs) will be in focus. The Union Cabinet chaired by the Prime Minister Narendra Modi yesterday, 23 August 2017, given in-principle approval for PSBs to amalgamate through an Alternative Mechanism (AM). The decision would facilitate consolidation among the Nationalised Banks to create strong and competitive banks.

Reliance Industries (RIL) announced that it was allotted 2.52 crore shares, or 24.92% equity, of Balaji Telefilms on preferential basis at Rs 164 each on 22 August 2017. The announcement was made after market hours yesterday, 23 August 2017.

Lupin announced the launch of its Quetiapine Fumarate Extended-Release Tablets, in multiple strengths having received an approval from the United States Food and Drug Administration (FDA) earlier. The announcement was made at the fag end of market hours yesterday, 23 August 2017.

Lupin's Quetiapine Fumarate Extended-Release Tablets are the AB rated generic equivalent of AstraZeneca Pharmaceuticals LP's Seroquel Tablets. It is indicated for the treatment of schizophrenia; acute manic or mixed episodes in bipolar I disorder alone or as an adjunct to lithium or divalproex; acute depressive episodes in bipolar disorder; maintenance treatment of bipolar I disorder, as an adjunct to lithium or divalproex and as an adjunctive therapy to antidepressants for the treatment of major depressive disorder. Seroquel Tablets had US sales of $1.1 billion (IMS MAT June 2017).

Market registered impressive gains on renewed hopes of US tax reform by the Trump administration yesterday, 23 August 2017. The Sensex had risen 276.16 points or 0.88% to settle at 31,568.01, its highest closing level since 17 August 2017.