Key benchmark indices extended gains and hit a fresh intraday high in mid-afternoon trade. The Nifty moved towards 11,100 level.

At 14:29 IST, the barometer index, the S&P BSE Sensex, was up 55.15 points or 0.15% at 37,367.98. The Nifty 50 index was up 15.35 points or 0.14% at 11,044.75.

The S&P BSE Mid-Cap index was flat at 13,477.64. The S&P BSE Small-Cap index was down by 0.01%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1097 shares rose and 1257 shares fell. A total of 154 shares were unchanged.

GMR Infrastructure rose 0.93% to Rs 15.15. On consolidated basis, the company reported a net loss of Rs 514.76 crore in Q1 June 2019 as against a net loss of Rs 276.96 crore in Q1 June 2018. The company's net sales rose 10.3% to Rs 1786.25 crore in Q1 June 2019 over Q1 June 2018. The company announced its Q1 earnings after market hours on 14 August 2019.

Iron ore production major, NMDC announced its production and sales numbers for the month of July 2019. The company's iron ore production rose 37.3% to 1.95 MT in July 2019 as compared to 1.42 MT in July 2018. The company's iron sales also increased 24.22% to 2.41 MT in July 2019 as compared to 1.94 MT in July 2018. The stock is trading 2.15% lower at Rs 102.4.

Titagarh Wagons traded 0.73% lower at Rs 40.8. The company's wholly owned subsidiary 'Titagarh Firema SpA' won a Rs 1125-crore order from Maharashtra Metro Rail Corporation to design, manufacture and supply of 102 coaches for the Pune Metro Rail. The first three car prototypes are required to be supplied in 78 weeks and the balance 33 train sets in several phases over 160 weeks.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 71.155, compared with its close of 71.27 during the previous trading session.

The yield on 10-year benchmark federal paper fell to 6.53% at 14:12 IST compared with 6.62% at close in the previous trading session.

In the commodities market, Brent crude for October 2019 settlement was up 89 cents at $59.12 a barrel. The contract fell $1.25 or 2.1% to settle at $58.23 a barrel in the previous trading session.

MCX Gold futures for 5 August 2019 settlement declined 0.89% at Rs 37,822.

Overseas, European stocks were trading higher. London's FTSE 100 opened higher after delay in opening due to a technical glitch. The index was up nearly 0.7% in early trade.

Most Asian stocks closed lower on Friday as investors watched developments in the US-China trade war. In US, the S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears amid the simmering US-China trade tensions.

Investors and central banks remain concerned though that President Trump's trade war with China is undermining global economic growth after China on Thursday threatened unspecified retaliation against Trump's recent threat to impose more tariffs on its imports from September.

On the data front, U.S. industrial output fell 0.2% in July, the second drop in the past four months, the Federal Reserve reported Thursday. Industrial output is only up 0.5% on a year-on-year basis

Key indicators hit fresh intraday high in afternoon trade. At 13:30 IST, the barometer index, the S&P BSE Sensex, rose 42.88 points or 0.11% at 37,354.41. The Nifty 50 index advanced 11.35 points or 0.10% at 11,040.75.

The S&P BSE Mid-Cap index was up 0.10%. The S&P BSE Small-Cap index was flat.

The market breadth, indicating the overall health of the market, was negative. On the BSE, shares 1,082 rose and 1,179 shares fell. A total of 138 shares were unchanged.

UPL (up 4.36%), GAIL (up 3.23%), Grasim Industries (up 2.44%), Maruti Suzuki India (up 2.02%) and Power Grid Corporation of India (up 1.54%) advanced.

TCS (down 1.98%), Vedanta (down 1.36%), Tech Mahindra (down 1.23%), Dr Reddy's Laboratories (down 1.02%) and Britannia Industries (down 0.71%) declined.

Hero MotoCorp was up 0.33%. The company announced the closure of manufacturing facilities from 15 August 2019 to 18 August 2019. The company clarified that this has been a part of the annual holiday calendar on account of Independence Day, Raksha Bandhan and the weekend but this also reflects the prevailing market demand scenario.

Tata Motors fell 0.17% after CRISIL Ratings downgraded long term rating of Tata Motors to AA-/Negative from AA/Negative due to weakening of outlook on the business risk profile of JLR. The announcement was made after market hours on Wednesday, 14 August 2019.

Yes Bank jumped 5.03%. The bank raised Rs 1,930 crore via qualified institution placement route. The QIP opened on 8 August 2019 and closed on 14 August 2019. The bank allotted Rs 23.1 crore equity shares to eligible qualified institutional buyers at Rs 83.55 per equity share. The announcement was made before market hours today, 16 August 2019.

Indiabulls Housing Finance lost 4.25% after the company said that the rating committee of the international rating agency Moody's Investors Service has revised the corporate family rating of Indiabulls Housing Finance to “Ba2”. The announcement was made after market hours on Wednesday, 14 August 2019.

Indiabulls Group shares came under selling pressure after credit ratings firm Moody's revised the corporate family rating of Indiabulls Housing Finance to Ba2 from Ba1. Indiabulls Housing Finance (IBH) (down 7.64%), Indiabulls Integrated Services (down 5%) and Indiabulls Ventures (down 3.1%) declined. Moody's has also downgraded the company's foreign-currency senior secured rating to Ba2 from Ba1, foreign- and local- currency senior secured MTN program ratings to (P)Ba2 from (P)Ba1. The international rating agency has changed the outlook to negative from stable.

Moody's said that the downgrade reflects renewed pressure on the cost and availability of funds for IBH and certain other finance companies in India. This presents a more challenging external environment than Moody's had anticipated. The company's incremental cost of funding increased 45bps quarter-on-quarter ending June 2019, while the company's balance sheet declined by 7% over the same period. This rise in funding costs was a key driver for the 28 bps decline in spreads in the same period, although profitability remains comparatively strong relative to its peer group.

Indraprastha Gas advanced 2.45% after consolidated net profit rose 31.05% to Rs 244.78 crore on a 22.84% rise in the total income to Rs 1,779.47 crore in Q1 June 2019 over Q1 June 2018. The company announced its Q1 June 2019 results after market hours on Wednesday, 14 August 2019.

HEG was down 5.32% after the company's net profit declined 17.3% to Rs 524.42 crore on a 4.2% rise in net sales to Rs 1,346.55 crore.

Suzlon Energy gained 5.53% after the company announced its Q1 June 2019 result after market hours on 14 August 2019. The company reported a consolidated net loss of Rs 327.16 crore in Q1 June 2019 compared with a net loss of Rs 572.86 crore in Q1 June 2018. Net sales declined 34.5% to Rs 833.15 crore in Q1 June 2019 over Q1 June 2018.

IDBI Bank tanked 8.29% after the bank's the bank reported a net loss of Rs 3,800.84 crore in Q1 June 2019 over a net loss of Rs 2,409.89 crore in Q1 June 2018. Total Income fell 7.5% to Rs 5,923.93 crore in Q1 June 2019 over Q1 June 2018. On a positive side, the bank reported that gross NPA ratio improved to 29.12% as on 30 June 2019 as against 30.78% as on 30 June 2018.

MTNL rose 1.79%. The company reported a consolidated net loss of Rs 1,054.6 crore in Q1 June 2019 over a net loss of Rs 943.88 crore in Q1 June 2018. The company's net sales declined 15.3% to Rs 433.85 crore in Q1 June 2019 over Q1 June 2018.

Overseas, European stocks were trading higher. London's FTSE 100 index failed to open at the start of the European trading on Friday. The London Stock Exchange has said it is currently investigating a potential trading services issue.

Most Asian stocks were trading lower on Friday as investors watched developments in the US-China trade war. In US, the S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears amid the simmering US-China trade tensions.

Investors and central banks remain concerned though that President Trump's trade war with China is undermining global economic growth after China on Thursday threatened unspecified retaliation against Trump's recent threat to impose more tariffs on its imports from September.

On the data front, U.S. industrial output fell 0.2% in July, the second drop in the past four months, the Federal Reserve reported Thursday. Industrial output is only up 0.5% on a year-on-year basis.

Key equity benchmarks slipped into negative terrain after briefly entering positive zone in early afternoon trade. The Nifty was trading above the 11,000-mark. Recovery on bourses was supported by firmness in auto stocks.

At 12:29 IST, the barometer index, the S&P BSE Sensex, was down 9.75 points or 0.03% at 37,301.88. The Nifty 50 index was up 3.15 points or 0.03% at 11,032.45.

Broader market turned positive. The S&P BSE Mid-Cap index was up 0.02%. The S&P BSE Small-Cap index was up 0.02%.

The market breadth was still negative. On the BSE, 993 shares rose and 1161 shares fell. A total of 118 shares were unchanged.

Reliance Capital soared 7.89% to Rs 50.6 after the company reported a robust Q1 2019 result. On consolidated basis, the company's net profit rose 313% to Rs 1218 crore on 31.07% surge in total income to Rs 6083 crore in Q1 June 2019 over Q1 June 2018.

Auto stocks edged higher. Maruti Suzuki India (up 1.63%), Ashok Leyland (up 1.28%), Mahindra and Mahindra (up 0.97%), TVS Motor Company (up 0.95%), Hero MotoCorp (up 0.93%), Escorts (up 0.83%), Bajaj Auto (up 0.81%) and Eicher Motors (up 0.48%) advanced.

The S&P BSE Auto index was up 0.84% at 15,699.9, outperforming the benchmark BSE Sensex.

MTNL was up 1.63% to Rs 6.24. The company reported a consolidated net loss of Rs 1054.6 crore in Q1 June 2019 over a net loss of Rs 943.88 crore in Q1 June 2018. The company's net sales declined 15.3% to Rs 433.85 crore in Q1 June 2019 over Q1 June 2018.

Johnson Controls-Hitachi Air Conditioning India jumped 6.4% to Rs 1578 after the company reported a strong Q1 numbers for June quarter. On standalone basis, the company's net profit jumped 25.4% to Rs 63.6 crore on a 19.9% rise in net sales to Rs 951.91 crore in Q1 June 2019 as compared to Q1 June 2018.

On derivatives front, the NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.93% at 16.51. The Nifty futures for the month of August was at 11,058.75 as compared to the spot at 11,038.50.

On the options front, Nifty option chain for 29 August 2019 expiry showed a maximum call open interest (OI) of 26.51 lakh contracts at the 11000 strike price. Maximum put OI of 40.41 lakh contracts was seen at 11000 strike price. Options data suggested 11000-mark as a crucial level for Nifty for the month of August 2019.

Benchmark indices sharply pared losses in mid-morning trade. The Nifty regained the 11,000-mark. Metal stocks continued to put pressure on bourses.

At 11:29 IST, the barometer index, the S&P BSE Sensex, was down 44.65 points or 0.12% at 37,266.88. The Nifty 50 index was down 14.45 points or 0.13% at 11,014.45.

Broader markets also witnessed recovery. The S&P BSE Mid-Cap index was down 0.35%. The S&P BSE Small-Cap index was down 0.19%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 889 shares rose and 1154 shares fell. A total of 107 shares were unchanged.

Metal stocks failed to shine as S&P BSE Metal slumped 1.5% at 8845.03. Hindustan Copper (down 2.87%), Vedanta (down 2.7%), Hindalco Industries (down 2.32%), NMDC (down 2.05%), Steel Authority of India (down 1.62%), National Aluminium Company (down 1.55%), Tata Steel (down 1.39%), Jindal Steel & Power (down 1.16%) and Hindustan Zinc (down 1.15%) declined.

Indiabulls Group shares came under selling pressure after credit ratings firm Moody's revised the corporate family rating of Indiabulls Housing Finance to Ba2 from Ba1. Indiabulls Housing Finance (IBH) (down 7.64%), Indiabulls Integrated Services (down 5%) and Indiabulls Ventures (down 3.1%) declined. Moody's has also downgraded the company's foreign-currency senior secured rating to Ba2 from Ba1, foreign- and local- currency senior secured MTN program ratings to (P)Ba2 from (P)Ba1. The international rating agency has changed the outlook to negative from stable.

Moody's said that the downgrade reflects renewed pressure on the cost and availability of funds for IBH and certain other finance companies in India. This presents a more challenging external environment than Moody's had anticipated. The company's incremental cost of funding increased 45bps quarter-on-quarter ending June 2019, while the company's balance sheet declined by 7% over the same period. This rise in funding costs was a key driver for the 28bps decline in spreads in the same period, although profitability remains comparatively strong relative to its peer group.

Hero MotoCorp was up 0.96% to Rs 2660.20. The company announced the closure of manufacturing facilities from 15 August 2019 to 18 August 2019. The company clarified that this has been a part of the annual holiday calendar on account of Independence Day, Raksha Bandhan and the weekend but this also reflects the prevailing market demand scenario.

IDBI Bank tanked 8.1% to Rs 24.95 after the bank's the bank reported a net loss of Rs 3800.84 crore in Q1 June 2019 over a net loss of Rs 2409.89 crore in Q1 June 2018. Total Income fell 7.5% to Rs 5923.93 crore in Q1 June 2019 over Q1 June 2018. On a positive side, the bank reported that gross NPA ratio improved to 29.12% as on 30 June 2019 as against 30.78% as on 30 June 2018.

Indices came off day's low and continued trading with modest losses in mid-morning trade. The Nifty slipped below the 11,000-mark in early hours of trade. At 10:25 IST, the barometer index, the S&P BSE Sensex, was down 180.98 points or 0.49% at 37,130.55. The Nifty 50 index was down 58.80 points or 0.53% at 10,970.45.

The S&P BSE Mid-Cap index was down 0.74%. The S&P BSE Small-Cap index was down 0.45%.

The market breadth, indicating the overall health of the market, was weak. On the BSE, 686 shares rose and 1136 shares fell. A total of 83 shares were unchanged.

The equity markets were closed on Thursday, 15 August 2019, on account of Independence Day.

Some media reports indicated that the government may soon provide a broad stimulus package or a sector-specific booster dose. There may be some relief to foreign portfolio investors from the super-rich surcharge, reports added.

On the macro front, India's merchandise exports increased 2.2% to $26.33 billion in July 2019 over a year ago. Meanwhile, merchandise imports dipped 10.4% to $39.76 billion. The trade deficit narrowed 27.9% to $13.43 billion in July 2019 from $18.01 billion in July 2018. This data was announced by government after market hours on Wednesday, 14 August 2019.

India's services trade surplus improved 3.4% to $6.79 billion in June 2019 from $6.57 billion in June 2018. As per the data released by the Reserve Bank of India, India's services exports increased 10.0% to $18.55 billion in June 2019 over June 2018. Meanwhile, India's services imports jumped 14.2% to $11.76 billion in June 2019.

On the equity front, Tata Motors slipped 1.53% to Rs 119 after CRISIL downgraded company's rating to CRISIL AA-/ on backdrop of weakening of the business risk profile of JLR.

HEG was down 5.66% to Rs 949.6 after the company's net profit declined 17.3% to Rs 524.42 crore on a 4.2% rise in net sales to Rs 1346.55 crore.

Suzlon Energy gained 3.37% to Rs 4.3 after the company announced its Q1 June 2019 result after market hours on 14 August 2019. The company reported a consolidated net loss of Rs 327.16 crore in Q1 June 2019 over a net loss of Rs 572.86 crore in Q1 June 2018. The company's net sales declined 34.5% to Rs 833.15 crore in Q1 June 2019 over Q1 June 2018.

Dewan Housing Finance Corporation (down 2.45%) stayed in banned period in F&O segment after crossing 95% of market wide position limit.

Overseas, most Asian stocks were trading lower on Friday as investors watched developments in the US-China trade war. In US, the S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears amid the simmering US-China trade tensions.

Investors and central banks remain concerned though that President Trump's trade war with China is undermining global economic growth after China on Thursday threatened unspecified retaliation against Trump's recent threat to impose more tariffs on its imports from September.

On the data front, U.S. industrial output fell 0.2% in July, the second drop in the past four months, the Federal Reserve reported Thursday. Industrial output is only up 0.5% on a year-on-year basis.

Domestic stocks drifted lower in early trade tracking mostly negative Asian stocks as trading resumed after a local holiday. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 265.63 points or 0.71% at 37,045.90. The Nifty 50 index was down 79.95 points or 0.72% at 10,949.45.

The S&P BSE Mid-Cap index was down 0.84%. The S&P BSE Small-Cap index was down 0.53%.

The market breadth, indicating the overall health of the market, was weak. On the BSE, 395 shares rose and 807 shares fell. A total of 58 shares were unchanged. The equity markets were closed on Thursday, 15 August 2019, on account of Independence Day.

Meanwhile, the government might soon provide a broad stimulus package or a sector-specific booster dose, reports suggested. This comes after Prime Minister Narendra Modi's meeting with Finance Minister Nirmala Sitharaman and officials of her ministry last week. There might also be some relief to foreign portfolio investors from the super-rich surcharge.

On the macro front, India's merchandise exports increased 2.2% to US$ 26.33 billion in July 2019 over a year ago. Meanwhile, merchandise imports dipped 10.4% to US$ 39.76 billion. The trade deficit narrowed 27.9% to US$ 13.43 billion in July 2019 from US$ 18.01 billion in July 2018. This data was announced by government after market hours on Wednesday, 14 August 2019.

Overseas, most Asian stocks were trading lower Friday as investors watched developments in the US-China trade war. In US, the S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears amid the simmering US-China trade tensions.

Investors and central banks remain concerned though that President Trump's trade war with China is undermining global economic growth after China on Thursday threatened unspecified retaliation against Trump's recent threat to impose more tariffs on its imports from September.

On the data front, U.S. industrial output fell 0.2% in July, the second drop in the past four months, the Federal Reserve reported Thursday. Industrial output is only up 0.5% on a year-on-year basis.

Back home, Indiabulls Housing Finance lost 8.99% after the company said that the rating committee of the international rating agency Moody's Investors Service has revised the corporate family rating of Indiabulls Housing Finance to “Ba2”. The announcement was made after market hours on Wednesday, 14 August 2019.

Tata Motors fell 1.86% after CRISIL Ratings downgraded long term rating of Tata Motors to AA-/Negative from AA/Negative due to weakening of outlook on the business risk profile of JLR. The announcement was made after market hours on Wednesday, 14 August 2019.

Yes Bank rose 1.11%. Pursuant to the allotment of its equity shares on 15 August 2019, has raised Rs 1930 crore through the Qualified Institution Placement (QIP) route. The QIP opened on 8 August 2019 and closed on 14 August 2019. The bank allotted 23.1 crores equity shares to eligible qualified institutional buyers (QIBs) at Rs 83.55 per equity share. The announcement was made before market hours today, 16 August 2019.

Indraprastha Gas rose 0.76% after consolidated net profit rose 31.05% to Rs 244.78 crore on a 22.84% rise in the total income to Rs 1779.47 crore in Q1 June 2019 over Q1 June 2018. The company announced its Q1 June 2019 results after market hours on Wednesday, 14 August 2019.

Gayatri Projects rose 2.08% after the company reported 8.74% rise in net profit to Rs 54.77 crore on 19.75% rise in total income to Rs 985.71 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Wednesday, 14 August 2019.

Omaxe rose 0.05% after the company reported 83.28% rise in consolidated net profit to Rs 16.22 crore on 96.49% rise in total income to Rs 358.56 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Wednesday, 14 August 2019.

Key benchmarks scaled fresh intraday highs in mid afternoon trade. The Nifty continued its uptrend towards 11,100-mark. The index was still below its 200-day simple moving average placed at 11,174.88.

At 14:28 IST, the barometer index, the S&P BSE Sensex, was up 462.49 points or 1.25% at 37,420.65. The Nifty 50 index was up 137.75 points or 1.26% at 11,063.05.

Among secondary barometers, the BSE Mid-Cap index was up 0.88%. The BSE Small-Cap index was up 0.35%.

The market breadth remained positive. On BSE, 1251 shares rose and 1072 shares fell. A total of 135 shares were unchanged.

The Wholesale Price Index (WPI)-based inflation, base year 2011-12, dipped to a 25-month low of 1.1% in July 2019 from 2.0% in June 2019.

Tata Steel (up 6.23%), Vedanta (up 5.4%), Yes Bank (4.62%) and Tech Mahindra (up 3.4%) were top gainers on BSE Sensex.

Sun Pharmaceuticals Industries (down 4.75%), Kotak Mahindra Bank (down 1.3%) and Tata Motors (down 1.02%0 were top losers on Sensex.

Apollo Hospital Enterprise gained 4.7% to Rs 1384.15 after the company announced its Q1 June 2019 result after trading hours yesterday, 13 August 2019. The stock hit a 52-week high of Rs 1444 today, 14 August 2019. The company's net profit rose 68.5% to Rs 57.20 crore on a 16.4% rise in the net sales to Rs 2571.89 crore in Q1 June 2019 over Q1 June 2018.

Edelweiss Financial Services was up 0.42% to Rs 143. The company announced it quarterly earnings during market hours, today. The company's consolidated net profit dropped 50% to Rs 132.02 crore on 2.8% rise in total income to Rs 2545.93 crore in Q1 June 2019 over Q1 June 2018. In a separate announcement, the financial services conglomerates announced that US-based Kora Management will be investing up to approximately Rs 875 crores in the Edelweiss Group. Kora Management has committed to invest approximately Rs 525 crore in its advisory business, Edelweiss Global Investment Advisors (EGIA) subject to structuring-related milestones.

The yield on 10-year benchmark federal paper rose to 6.611% at 14:10 IST compared with 6.518% at close in the previous trading session.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 71.2725, compared with its close of 71.4000 during the previous trading session.

In the commodities market, Brent crude for October 2019 settlement was down 66 cents at $60.64 a barrel. The contract rose $2.73 or 4.66% to settle at $61.30 a barrel during the previous trading session.

MCX Gold futures for 4 October 2019 settlement rose 0.28% at Rs 37,879.

Overseas, European stocks were trading lower amid weak German GDP data. Germany's GDP, or gross domestic product, fell by 0.1% between April and June, raising fears of a recession for Europe's largest economy.

Asian shares are trading higher across the board on Wednesday, as the US announced a delay in the implementation of tariffs on some Chinese goods.

The People's Bank of China set its official midpoint reference rate for the yuan at 7.0312 per dollar on Wednesday.

China's industrial output rose 4.8% in July as compared to a year earlier, official data showed. Retail sales growth rose 7.6% in July from a year earlier.

US stocks soared on Tuesday after the US decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list

Key indices hovered with strong gains in afternoon trade. Media reports indicating that there could some relief from the surcharge on super-rich in coming days boosted sentiment. Shares of index heavyweight L&T gained.

The finance ministry may soon consult the law ministry on how best to provide relief to foreign portfolio investors (FPIs) from the super-rich surcharge that was announced in the budget on 5 July 2019, reports indicated. Finance minister Nirmala Sitharaman held a meeting with market participants, including FPIs, last week to take stock of the issues they face. FPIs pitched for rollback of the increased surcharge and removal of long-term capital gains tax on equities to perk up market sentiment.

At 13:25 IST, the barometer index, the S&P BSE Sensex, rose 358.77 points or 0.97% at 37,316.93. The Nifty 50 index advanced 107.60 points or 0.98% at 11,033.45.

The market breadth, indicating the overall health of the market, was positive. On the BSE, shares 1,075 rose and 1,063 shares fell. A total of 127 shares were unchanged.

Among the key gainers from the Nifty pack, UPL (up 5.52%), Tata Steel (up 5.33%), Grasim Industries (up 4.78%), Vedanta (up 4.58%) and Yes Bank (up 3.80%) gained.

Key losers from the Nifty pack were Sun Pharmaceuticals (down 4.97%), Indiabulls Housing Finance (down 2.55%), Dr Reddy's Laboratories (down 2.17%), Tata Motors (down 1.48%) and Kotak Mahindra Bank (down 1.25%) declined.

Larsen & Toubro was up 1.50%. The company has announced that it would issue rated, listed, unsecured, redeemable non-convertible debentures (NCDs) worth Rs 1,400 crore on a private placement basis.

Infosys rose 0.96%. The company announced that it has been selected by Toyota Material Handling North America (TMHNA) for a cloud based IoT telematics product implementation along with application support and development for its SAP platform.

Wipro fell 2.36%. The company announced that it has launched three edge artificial intelligence (AI) starter solutions powered by Intel Xeon Scalable processors. These starter solutions will help enterprises in the energy & utilities and healthcare markets jump start their AI adoption.

Overseas, European stocks were trading lower. Asian shares are trading higher across the board on Wednesday, as the US announced a delay in the implementation of tariffs on some Chinese goods.

US stocks soared on Tuesday after the US decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list.

Firmness prevailed on the bourses in early afternoon trade after an intraday rally triggered by positive Asian markets. Gains were led by ICICI Bank, HDFC and ITC. The market breadth was just about positive.

Overseas, Asian shares are trading higher across the board on Wednesday, as the US announced a delay in the implementation of tariffs on some Chinese goods.

US stocks soared on Tuesday after the US decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list.

Back home, the barometer index, the S&P BSE Sensex, was up 412.29 points or 1.12% at 37,370.87. The index hovered in range of 37,409.31 and 37,000.77 so far.

The Nifty 50 index was up 114.65 points or 1.05% at 11,040.05. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 5.28% at 16.8375.

Among secondary barometers, the BSE Mid-Cap index was up 0.26%. The BSE Small-Cap index traded flat at 12,519.82

The market breadth was just about positive. On BSE, 1083 shares rose and 1050 shares fell. A total of 128 shares were unchanged.

Larsen & Toubro was up 1.31% to Rs 1330.95. The company has announced that it would issue rated, listed, unsecured, redeemable non-convertible debentures (NCDs) worth Rs 1,400 crore on a private placement basis.

Ashoka Buildcon was down 1.83% to Rs 117.8 after the company reported consolidated net loss of Rs 19.61 crore in Q1 June 2019 compared with a net loss of Rs 5.02 crore in Q1 June 2018. Consolidated net sales surged 21.4% to Rs 1168.14 crore in Q1 June 2019 over Q1 June 2018.

Deepak Fertilisers & Petrochemicals Corporation declined 1.63% to Rs 84.7. The chemical company's consolidated net profit fell 71.25% to Rs 10.70 crore on 49.59% decline in net sales to Rs 1122.20 crore in Q1 June 2019 over Q1 June 2018.

Fresh buying in index pivotals pushed key benchmark indices to intraday high in mid-morning trade. The Nifty was currently trading above the 11,000 level after regaining that level in morning trade. Bank stocks gained. Domestic stocks were trading higher boosted by positive global stocks.

At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 427.71 points or 1.16% at 37,385.87. The Nifty 50 index was up 127.6 points or 1.17% at 11,053.05.

Among secondary barometers, the BSE Mid-Cap index was up 0.38%. The BSE Small-Cap index was up 0.2%.

The market breadth remained positive. On BSE, 1063 shares rose and 910 shares fell. A total of 116 shares were unchanged.

Private sector bank stocks advanced. ICICI Bank (up 2.39%), Axis Bank (up 1.92%), Yes Bank (up 1.77%), IndusInd Bank (up 1.26%) and HDFC Bank (up 0.25%) rose. Kotak Mahindra Bank (down 0.98%) and RBL Bank (down 0.13%) declined.

PSU bank stocks also rose. Bank of Baroda (up 2.8%), State Bank of India (up 2.22%), Union Bank of India (up 1.67%), Bank of India (up 1.65%), Punjab National Bank (up 1.12%), Oriental Bank of Commerce (up 0.61%), Syndicate Bank (up 0.47%) and Allahabad Bank (up 0.14%) advanced.

IDBI Bank rose 1.49% ahead of its Q1 result today.

Shares of diversified major Grasim Industries gained 2.08% ahead of its Q1 result today.

Ahluwalia Contracts (India) rose 2% to Rs 287.80 after the company announced that it has secured new orders of Rs 168 crore for Construction of Modern Flower Market for Commission.

On domestic macro front, the all-India general Consumer Price Index (CPI) inflation was steady at 3.15% in July 2019 (new base 2012=100), compared with 3.18% in June 2019. The core CPI inflation rose to 4.24% in July 2019 compared with 4.13% in June 2019.

Overseas, Asian shares are trading higher across the board on Wednesday, as the US announced a delay in the implementation of tariffs on some Chinese goods.

Growth of China's industrial output slowed much more than expected to 4.8% in July from a year earlier, official data showed on Wednesday. Fixed-asset investment for the first seven months of the year rose 5.7%, according to data published by the National Bureau of Statistics. Private sector fixed-asset investment grew 5.4% in January-July, compared with a 5.7% rise in the first sixth months of 2019. Retail sales growth increased 7.6% in July from a year earlier, compared with 9.8% in June.

US stocks soared on Tuesday after the US decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list. The United States Trade Representative announced Tuesday certain products including clothing and cellphones are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10%. Other tariffs will be delayed to 15 December from 1 September for certain goods, it said.

Key benchmark indices extended gains and hit fresh intraday high in mod-morning trade. The Nifty was trading above the psychological 11,000-mark. The market breadth, indicating the overall health of the market, was positive. Select pharma stocks dropped sharply.

At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 205.84 points or 0.56% at 37,164. The Nifty 50 index was up 90.2 points or 0.83% at 11,016.05.

Among secondary barometers, the BSE Mid-Cap index was up 0.32%. The BSE Small-Cap index was up 0.19%.

Domestic stock markets will remain shut tomorrow, 15 August 2019 on account of Independence Day.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1003 shares rose and 746 shares fell. A total of 87 shares were unchanged.

Select pharma stocks dropped sharply. Glenmark Pharmaceuticals (down 7.31%), Dr. Reddy Laboratories (down 6.07%) and Sun Pharmaceutical Industries (down 5.13%) edged lower.

Reliance Infrastructure surged 7.44% after the company announced it Q1 result after market hours yesterday, 13 August 2019. The company's standalone net profit rose 88.6% to Rs 324.9 crore on a 26.1% rise in net sales to Rs 284.26 crore in Q1 June 2019 over Q1 June 2018.

United Breweries was down 0.27% at Rs 1,356.9 after the company reported poor Q1 result. The company's profit dropped 25.9% to Rs 164.54 crore on a 13.2% rise in net sales to Rs 4707.2 crore in Q1 June 2019 over Q1 June 2018.

Power Finance Corporation of India rose 0.34% to Rs 104.55 after consolidated net profit rose 0.8% to Rs 2185 crore on 9.5% increase in total income to Rs 14,619.11 crore in Q1 June 2019 over Q1 June 2018.

Kaveri Seed Company rose 5.54% to Rs 463.3 after company's consolidated net profit 9.6% to Rs 230.24 crore on 8.4% rise in net sales 627.58 crore in Q1 June 2019 over Q1 June 2018.

On domestic macro front, the all-India general Consumer Price Index (CPI) inflation was steady at 3.15% in July 2019 (new base 2012=100), compared with 3.18% in June 2019. The core CPI inflation rose to 4.24% in July 2019 compared with 4.13% in June 2019.

Overseas, Asian shares are trading higher across the board on Wednesday, as the US announced a delay in the implementation of tariffs on some Chinese goods.

Growth of China's industrial output slowed much more than expected to 4.8% in July from a year earlier, official data showed on Wednesday. Fixed-asset investment for the first seven months of the year rose 5.7%, according to data published by the National Bureau of Statistics. Private sector fixed-asset investment grew 5.4% in January-July, compared with a 5.7% rise in the first sixth months of 2019. Retail sales growth increased 7.6% in July from a year earlier, compared with 9.8% in June.

Meanwhile, flights have resumed in and out of Hong Kong airport after two days of protests by pro-democracy activists caused chaos that paralysed the transport hub. Hundreds of flights were cancelled on Tuesday after demonstrators blockaded two terminals in the latest escalation of a 10-week political crisis that has gripped the international financial centre.

US stocks soared on Tuesday after the US decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list. The United States Trade Representative announced Tuesday certain products including clothing and cellphones are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10%. Other tariffs will be delayed to 15 December from 1 September for certain goods, it said.

Key benchmark indices were trading higher in early trade tracking strong leads from Asian markets and overnight rally on the Wall Street. At 9:24 IST, the barometer index, the S&P BSE Sensex, was up 189.73 points or 0.51% at 37,147.89. The Nifty 50 index was up 50.05 points or 0.46% at 10,975.90.

Among secondary barometers, the BSE Mid-Cap index was up 0.62%. The BSE Small-Cap index was up 0.41%.

The market breadth, indicating the overall health of the market, was positive. On BSE, 618 shares rose and 367 shares fell. A total of 31 shares were unchanged.

The all-India general Consumer Price Index (CPI) inflation was steady at 3.15% in July 2019 (new base 2012=100), compared with 3.18% in June 2019. The core CPI inflation rose to 4.24% in July 2019 compared with 4.13% in June 2019.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 638.28 crore on 13 August 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 201.53 crore on 13 August 2019, as per provisional data.

Overseas, Asian shares rose across the board on Wednesday, as the US announced a delay in the implementation of tariffs on some Chinese goods.

Growth of China's industrial output slowed much more than expected to 4.8% in July from a year earlier, official data showed on Wednesday. Fixed-asset investment for the first seven months of the year rose 5.7%, according to data published by the National Bureau of Statistics. Private sector fixed-asset investment grew 5.4% in January-July, compared with a 5.7% rise in the first sixth months of 2019. Retail sales growth increased 7.6% in July from a year earlier, compared with 9.8% in June.

Meanwhile, flights have resumed in and out of Hong Kong airport after two days of protests by pro-democracy activists caused chaos that paralysed the transport hub. Hundreds of flights were cancelled on Tuesday after demonstrators blockaded two terminals in the latest escalation of a 10-week political crisis that has gripped the international financial centre.

US stocks soared on Tuesday after the US decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list. The United States Trade Representative announced Tuesday certain products including clothing and cellphones are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10%. Other tariffs will be delayed to 15 December from 1 September for certain goods, it said.

In the global commodities markets, Brent crude oil futures for October 2019 settlement jumped $2.73 a barrel or 4.66% to settle at $61.30 a barrel during the previous trading session.

Back home, state-run ONGC fell 0.16%. The company's consolidated net profit fell 19.39% to Rs 6,693.61 crore on 0.77% decline in net sales to Rs 109,514.82 crore in Q1 June 2019 over Q1 June 2018.

On a standalone basis, ONGC's net profit fell 3.9% to Rs 5,904.25 crore on 2.4% decline in net sales to Rs 26,554.74 crore in Q1 June 2019 over Q1 June 2018.

Coal India fell 0.91%. The company's consolidated net profit rose 22.27% to Rs 4,629.67 crore on 3.64% rise in net sales to Rs 23,223 crore in Q1 June 2019 over Q1 June 2018.

National Aluminium Company (Nalco) fell 6.64%. The company's consolidated net profit rose 84.40% to Rs 97.87 crore on 29.91% rise in net sales to Rs 2,084.08 crore in Q1 June 2019 over Q1 June 2018.

Glenmark Pharmaceuticals fell 5.58%. The company's consolidated net profit fell 53.08% to Rs 109.31 crore on 7.24% rise in net sales to Rs 2,283.60 crore in Q1 June 2019 over Q1 June 2018.

The drug maker forecasts revenue growth of 10-15% for the current financial year. The company plans to bring minority investor in Glenmark Life Sciences and to divest other non-core global assets. The firm expects total R&D expenditure to be lower in absolute value as compared to FY2018‐19.

GAIL (India) rose 0.95%. Petroleum & Natural Gas Regulatory Board has increased tariff for GAIL (India)'s Dabhol-Bangalore pipeline by 11%. The new price will be effective from 1 September.

Khadim India fell 6.26%. Promoter Siddhartha Roy Burman acquired 1,00,507 equity shares, or 0.56% stake, in the company at Rs 194.98 each on BSE yesterday, 13 August 2019. As on 30 June 2019, Siddhartha Roy Burman held 8.12% stake in the firm.

Mishra Dhatu Nigam rose 1.26%. HDFC Mutual Fund increased its stake in the company to 5.03% on 9 August 2019 from 4.92% earlier.

Infosys rose 1.32%. The company announced that it has been selected by Toyota Material Handling North America (TMHNA) for a cloud based IoT telematics product implementation along with application support and development for its SAP Platform.

Wipro fell 0.64%. The company announced that it has launched three edge artificial intelligence (AI) starter solutions powered by Intel Xeon Scalable processors. These starter solutions will help enterprises in the energy & utilities and healthcare markets jump start their AI adoption. Wipro will leverage Intel's Al technology to maximize performance of the Wipro AI solutions when running on Intel Xeon Scalable processors.

Key benchmark indices further extended losses and hit fresh intraday low in mid-afternoon trade. At 14:25 IST, the barometer index, the S&P BSE Sensex, was down 340.60 points or 0.91% at 37,241.31. The Nifty 50 index was down 92.90 points or 0.84% at 11,016.75.

Global shares were negative as fears about a Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbours.

The broader market witnessed steep selling. The S&P BSE Mid-Cap index was down 1.97%. The S&P BSE Small-Cap index fell 1.07%.

The market breadth favored the sellers. On the BSE, 838 shares rose and 1531 shares fell. A total of 143 shares were unchanged.

Finance Minister Nirmala Sitharaman met Foreign portfolio investors (FPI) on Friday. FPIs pressed for complete rollback of the higher super-rich surcharge proposed in the Budget. They also sought relief in matters related to long-term capital gains (LTCG) and dividend distribution tax (DDT), beside easier KYC norms. According to media reports, the FM heard all the views, but gave no indication about when the proposals will be implemented.

In the commodities market, Brent crude for October 2019 settlement was up 16 cents at $58.73 a barrel. The contract rose 4 cents or 0.06% to settle at $58.57 a barrel in the previous trading session.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 71.282, compared with its close of 71.266 during the previous trading session.

The yield on India's 10-year benchmark federal paper rose to 6.509% at 14:20 IST compared with 6.49% at close in the previous trading session.

MCX Gold futures for 4 October 2019 settlement rose 0.66% at Rs 38,495.

On the equity front, Yes Bank witnessed major selling pressure. The stock slumped 8.89% to Rs 74.80.

HDFC twins were under pressure. HDFC (down 4.15%) and HDFC Bank (down 3.10%), declined.

Index major ITC was down 2.89% to 246.90.

Pidilite Industries rose 1.15. The script has hit its 52-week high of Rs 1366.20 today. The adhesive manufacturing company announced that it has entered into a joint venture with Corporacion Empresarial Grupo Puma S.L. (Grupo Puma) a leading technical mortars manufacturer based in Spain to establish a joint venture company (JVC) in India.

This joint venture will provide a comprehensive array of technical mortars for wide applications ranging from flooring, wall plasters, textured wall plasters, decorative plasters and insulation. Grupo Puma will license the technology to the JVC which will invest in a modern manufacturing facility in India. The entity will service the key markets of SAARC (excluding Pakistan) and Myanmaar.

Info Edge (India) slipped 1.19% after the company announced its Q1 June 2019 result during market hours today, 13 August 2019. On a consolidated basis, the online classifieds company reported a net loss of Rs 187.58 crore in Q1 June 2019 over a net loss of Rs 18.57 crore in Q1June 2018. Net sales rose 15.43% to Rs 319.73 crore in Q1 June 2019 over Q1 June 2018.

IPCA Laboratories lost 2.42%. The pharmaceutical company reported a rise of 89% in consolidated net profit after tax to Rs 129.43 crore on a 23% rise the consolidated net total income to Rs 1098.53 crore in Q1 June 2019 over Q1 June 2018. The result was announced during market hours today, 13 August 2019.

Varroc Engineering fell 2.79%. The company announced acquisition of 74% equity stake in the Pune - based CarlQ Technologies. The transaction is to be completed On or before 31 August 2019 or such other date as may be mutually agreed between the parties. The cost of the said acquisition is Rs 19.24 crore. The announcement was made on Saturday, 10 August 2019.

BPCL lost 0.07%. The company's consolidated net profit dropped 44.1% to Rs 1623.75 crore on a 6.3% rise in net sales to Rs 76,325.39 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Friday, 9 August 2019.On standalone basis, the company's net profit declined 53.1% to Rs 1075.12 crore on 6.4% rise in net sales to Rs 76,317.94 crore in Q1 June 2019 over Q1 June 2018.

The company's market sales were at 11.11 MMT (Million Metric Tonne) in Q1 June 2019 as compared to 10.97 MMT in Q1 June 2018. The company's average gross refining margin declined to $2.81 per barrel in Q1 June 2019 as compared to $7.49 per barrel in Q1 June 2018.

Key barometers extended losses and hit fresh intraday low in the afternoon trade. At 13:30 IST, the barometer index, the S&P BSE Sensex, fell 310.59 points or 0.83% at 37,271.32. The Nifty 50 index also declined 86.15 points or 0.78% at 11,023.50. Steep losses were contained by rally in index major Reliance Industries (RIL).

The S&P BSE Mid-Cap index was down 1.42%. The S&P BSE Small-Cap index also fell 0.62%.

The market breadth was weak. On the BSE, shares 890 rose and 1,337 shares fell. A total of 117 shares were unchanged.

Overseas, European stocks opened lower on Tuesday as investors monitor political uncertainty in Italy, Hong Kong and Argentina. DAX (down 0.42%), CAC 40 (down 0.36%) and FTSE 100 (down 0.24%).

Asian stocks were trading lower on Tuesday as fears about a drawn out Sino-US trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbours like bonds, gold, and the yen.

US stock benchmarks finished sharply lower Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted US-China trade war stoked fears of impending recession.

A foreign brokerage reportedly said that fears of the US-China trade war leading to a recession are increasing and it no longer expects a trade deal between the world's two largest economies before the 2020 US presidential election.

Back home, Indiabulls Housing Finance (up 11.41%), Sun Pharmaceutical Industries (up 3.22%), GAIL (up 2.66%), Hindalco Industries (up 1.31%) and Zee Entertainment Enterprises (up 1.25%) advanced.

Yes Bank (down 7.67%), Bharti Airtel (down 4.85%), Mahindra & Mahindra (down 4.82%), Housing Development Finance Corporation (down 4.28%) and Eicher Motors (down 3.30%) declined.

Coal India (down 0.63%), ONGC (down 0.46%) and Sun Pharmaceutical Industries (up 2.89%) will announce their Q1 June 2019 results today.

RIL surged 10.49% after chairman and managing director Mukesh Ambani on Monday addressed the shareholders of the company at its 42nd annual general meeting (AGM). Mukesh Ambani revealed a roadmap to becoming a zero net debt company in the next 18 months. Saudi Aramco signed a non-binding letter of intent to acquire a 20% stake in the oil to chemicals division of Reliance Industries valued at an enterprise value of $75 billion.

Mukesh Ambani said that Jio Fiber Services will be launched on commercial basis on 5 September 2019, the third anniversary of Jio's launch. RIL plans to reach 20 million residences and 15 million business establishments in 1,600 towns. Reliance Jio Infocomm (Jio), a subsidiary of Reliance Industries (RIL), and Microsoft Corp. are embarking on a unique, comprehensive, long-term strategic relationship aimed at accelerating the digital transformation of the Indian economy and society.

Mukesh Ambani said that Jio Fiber Services will be launched on commercial basis on 5 September 2019, the third anniversary of Jio's launch. RIL plans to reach 20 million residences and 15 million business establishments in 1,600 towns. Reliance Jio Infocomm (Jio), a subsidiary of Reliance Industries (RIL), and Microsoft Corp. are embarking on a unique, comprehensive, long-term strategic relationship aimed at accelerating the digital transformation of the Indian economy and society.

Jio Fibre plan starts with 100 Mbps speed and goes all the way up to 1 Gbps or 1000 Mbps. This will disproportionately improve the quality of fixed-line data in India. And prices are at less than 1/10th the global rates, to make it accessible for all. Jio Fiber plans will be priced between Rs 700 to Rs 10,000 per month to suit every budget and every need.

Under a Welcome Offer, Jio Fiber customers who opt for annual plans, will get an HD or 4K LED television and a 4K set-top-box absolutely free. Jio Fiber customers will be able to watch movies in their living rooms the same day these movies are released in theatres. The firm calls this Jio first-day-first-show. It plans to launch this service in the middle of 2020.

Reliance Jio has invested nearly Rs 3.5 lakh crore towards creating a state-of-the-art digital infrastructure across India, with the largest optical fiber footprint. Jios customer base has crossed 340 million users and it is signing up more than 10 million new customers each month.

NTPC shed 2.84%. The company reported 5.63% rise in consolidated net profit to Rs 2840.28 crore on 6.9% rise in total income to Rs 26929.85 crore in Q1 June 2019 over Q1 June 2018. The result was announced on Saturday, 10 August 2019.

Tata Motors was up 0.25%. The company announced that based on S&P Global Ratings, the credit rating of the company and that of its wholly owned subsidiary, Jaguar land Ratings Issuer Credit B+/ Neg/-- B+/ Neg/-- Rover Rating Automotive Plc, has been reaffirmed. It added that the rating is removed from credit watch and the outlook is kept as negative. The announcement was made after trading hours on Friday, 9 August 2019.

In a separate announcement on Friday, the company said Jaguar Land Rover retail sales in July 2019 were 37,945 units, up 5% compared to July 2018.

The increase was led by recovery in the China market where retail sales grew 40.3% year on year as the company's local turnaround plan began to take effect. Retail sales growth was also strong in the UK (8.8%) and up in North America (2.1%), broadly flat in Europe (0.3%) and down 20.1% in overseas markets.

Jaguar retail sales in July 2019 were 11,386 vehicles, up 3.6% year-on-year and Land Rover retailed 26,559 vehicles, up 5.6% compared to July 2019.

Grasim Industries fell 3.97%. The viscose staple fibre (VSF) and chemicals manufacturer said its board will meet on 14 August 2019 to consider raising of funds through issue of non-convertible debentures, in one or more tranches, on private placement basis. The announcement was made on Monday, 12 August 2019.

JSW Steel rose 0.14%. The steel maker said crude steel production fell 4% to 13.17 lakh tonnes in July 2019 over July 2018.

Bharat Petroleum Corporation (BPCL) gained 0.13%. The company's consolidated net profit fell 44.08% to Rs 1623.75 crore on 6.09% rise in total income to Rs 77261.95 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Friday, 9 August 2019.

Godfrey Phillips India was locked in upper-circuit 20% at Rs 850.95 after consolidated net profit rose 106.49% to Rs 118.63 crore on 40.01% rise in total income to Rs 824.78 crore in Q1 June 2019 over Q1 June 2018. The result was announced on Saturday, 10 August 2019.

Steel Authority of India plunged 7.09% after the company reported 81.4% drop in consolidated net profit to Rs 102.68 crore on 6.11% fall in total income to Rs 15043.53 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Friday, 9 August 2019.

Bharat Heavy Electricals tanked 9.84%. On a consolidated basis, the power plant equipment manufacturer reported net loss of Rs 217.72 crore in Q1 June 2019 compared with net profit of Rs 40.69 crore in Q1 June 2018. Net sales fell 23.9% to Rs 4411.09 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Friday, 9 August 2019.

New Delhi Television lost 2.41%. NDTV said that its founders Mrs. Radhika Roy and Dr. Prarmoy Roy were prevented trom leaving the country. They have been stopped from traveling abroad on the basis of wholly unsubstantiated corruption case filed by the CBI about an ICICI loan that was taken by their company, RRPR Holding, which was fully repaid with interest ahead of schedule. The case has been challenged in the Hon'ble Delhi High Court by RRPR, owned by the NDTV founders, which has stake in NDTV. The announcement was made after market hours on Friday, 9 August 2019.

Bharat Forge declined 5.75% after it announced its Q1 June 2019 result during market hours today, 13 August 2019. The company reported a profit after tax or Rs 174.1 crore in Q1 June 2019, a decline of 25.8% as compared to Rs 234.5 crore in Q1 June 2018. Total revenues of the company in Q1 June 2019 stood at Rs 1346.6 crore, registering a decline of 9% as compared to Q1 June 2018. The decline was caused by weak demand environment in domestic market and inventory de-stocking in oil & gas.

Key benchmark indices were trading near day's low in early afternoon trade. At 12:28 IST, the barometer index, the S&P BSE Sensex, was down 152.17 points or 0.40% at 37,429.74. The Nifty 50 index was down 29.85 points or 0.27% at 11,079.80.

Global cues were negative. Trading in US index futures indicated that the Dow Jones Industrial Average could fall 23.5 points at the opening bell today, 13 August 2019.

Asian stocks were in the red as fears about a drawn out Sino-US trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbours like bonds, gold, and the yen.

A foreign brokerage reportedly said that fears of the US-China trade war leading to a recession are increasing and it no longer expects a trade deal between the world's two largest economies before the 2020 US presidential election.

In the domestic market, the S&P BSE Mid-Cap index was down 1.12%. The S&P BSE Small-Cap index fell 0.40%.

The market breadth was tilted in favour of sellers. On the BSE, 918 shares rose and 1281 shares fell. A total of 117 shares were unchanged.

On derivatives front, the NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 4.32% at 16.5300.

On the options front, Nifty option chain for 29 August 2019 expiry showed a maximum call open interest (OI) of 23.92 lakh contracts at the 11500 strike price. Maximum put OI of 33.78 lakh contracts was seen at 11000 strike price.

According to the data released by Society of Indian Automobile Manufacturers, passenger vehicle sales declined 31% to 2 lakh units in July 2019 over July 2018. Following the news, most auto shares declined. The sector barometer, S&P BSE Auto index tumbled 2.20%.

Tata Motors, however, was up 0.61%. The company announced that based on S&P Global Ratings, the credit rating of the company and that of its wholly owned subsidiary, Jaguar land Ratings Issuer Credit B+/ Neg/-- B+/ Neg/-- Rover Rating Automotive Plc, has been reaffirmed. It added that the rating is removed from credit watch and the outlook is kept as negative. The announcement was made after trading hours on Friday, 9 August 2019.

In a separate announcement on Friday, the company said Jaguar Land Rover retail sales in July 2019 were 37,945 units, up 5% compared to July 2018.

The increase was led by recovery in the China market where retail sales grew 40.3% year on year as the company's local turnaround plan began to take effect. Retail sales growth was also strong in the UK (8.8%) and up in North America (2.1%), broadly flat in Europe (0.3%) and down 20.1% in overseas markets.

Jaguar retail sales in July 2019 were 11,386 vehicles, up 3.6% year-on-year and Land Rover retailed 26,559 vehicles, up 5.6% compared to July 2019.

JSW Steel lost 0.39%. The steel maker said crude steel production fell 4% to 13.17 lakh tonnes in July 2019 over July 2018.

Most metal shares declined. Tata Steel (down 2.35%), National Aluminium Company (down 2.05%), Jindal Steel & Power (down 1.96%), Vedanta (down 1.87%) and Hindustan Zinc (down 1.51%) declined. Hindalco Industries (up 0.68%) and NMDC (up 0.49%) advanced.

Steel Authority of India fell 5.67%. The steel company reported 81.4% drop in consolidated net profit to Rs 102.68 crore on 6.11% fall in total income to Rs 15043.53 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Friday, 9 August 2019.

Hindustan Copper fell 4.11%. The company's consolidated net profit fell 39.9% to Rs 21.19 crore on a 27.2% decline in net sales to Rs 304.07 crore in Q1 June 2019 compared with Q1 June 2018.

NIIT rose 0.26%. The company's consolidated net profit jumped 510.3% to Rs 115.17 crore on a 1.8% decline in net sales to Rs 210.30 crore in Q1 June 2019 compared with Q1 June 2018. EBITDA rose 16% to Rs 22 crore in Q1 June 2019 over Q1 June 2018. Its EBITDA margin also increased 159 bps to 10% in Q1 June 2019 as against Q1 June 2018. The result was announced on Saturday, 10 August 2019.

Telecom stocks were under pressure following aggressive future plans by the rival Reliance Jio. Vodafone Idea (down 5.41%), Bharti Airtel (down 5.24%) and MTNL (down 3.96%) declined.

Index major Reliance Industries (RIL) was up 10.46% at Rs 1283.55. RIL's chairman and managing director Mukesh Ambani on Monday addressed the shareholders of the company at its 42nd annual general meeting (AGM). He unveiled aggressive plans for the telecom business.

Reliance JioFiber broadband services are set to launch from 5th September. Reliance Jio's digital set-top box will come bundled with ultra high definition entertainment, virtual reality content multi-party video conferencing, voice-enabled virtual assistants, interactive gaming, home security and many other smart-home solutions. Voice calls from home to any Indian operator - mobile or fixed - will be absolutely free forever.

Jio Fibre plan starts with 100 Mbps speed and goes all the way up to 1 Gbps or 1000 Mbps. This will disproportionately improve the quality of fixed-line data in India. And prices are at less than 1/10th the global rates, to make it accessible for all. Jio Fiber plans will be priced between Rs 700 to Rs 10,000 per month to suit every budget and every need.

Under a Welcome Offer, Jio Fiber customers who opt for annual plans, will get an HD or 4K LED television and a 4K set-top-box absolutely free. Jio Fiber customers will be able to watch movies in their living rooms the same day these movies are released in theatres. The firm calls this Jio first-day-first-show. It plans to launch this service in the middle of 2020.

Reliance Jio has invested nearly Rs 3.5 lakh crore towards creating a state-of-the-art digital infrastructure across India, with the largest optical fiber footprint. Jios customer base has crossed 340 million users and it is signing up more than 10 million new customers each month.

Key benchmarks indices reversed gains after briefly entering positive terrain in mid-morning trade. At 11:27 IST, the barometer index, the S&P BSE Sensex, was down 147.27 points or 0.39% at 37,434.64. The Nifty 50 index was down 40.90 points or 0.37% at 11,068.75.

The S&P BSE Mid-Cap index was down 0.95%. The S&P BSE Small-Cap index fell 0.22%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 946 shares rose and 1118 shares fell. A total of 120 shares were unchanged.

Bharat Forge fell 3.80% after it announced its Q1 June 2019 result during market hours today, 13 August 2019. The company reported a profit after tax or Rs 174.1 crore in Q1 June 2019, a decline of 25.8% as compared to Rs 234.5 crore in Q1 June 2018. Total revenues of the company in Q1 June 2019 stood at Rs 1346.6 crore, registering a decline of 9% as compared to Q1 June 2018. The decline was caused by weak demand environment in domestic market and inventory de-stocking in oil & gas.

Premier Explosives lost 3.10%. The explosives maker's net profit fell 5.6% to Rs 0.68 crore on a 15.3% decrease in net sales to Rs 52.87 crore in Q1 June 2019 compared with Q1 June 2018. The result was announced on Saturday, 10 August 2019.

In a separate announcement on Monday, 12 August 2019, the company announced winning an order from MoD (Army) for supply of Air Target Imitator valued at Rs 13.50 crore. The order is to be executed within one year and falls under 'Make in India' programme and has got all necessary quaility approvals from defense agencies.

Chambal Fertilisers & Chemicals gained 0.88%. The agro-chemical major's consolidated net profit rose 6.1% to Rs 164.44 crore on a 29.8% rise in net sales to Rs 2,871.11 crore in Q1 June 2019 compared with Q1 June 2018. The result was announced on Saturday, 10 August 2019.

Godfrey Phillips India hit 20% upper circuit at Rs 850.95. The cigarettes and chewing products manufacturer's consolidated net profit rose 106.49% to Rs 118.63 crore on 40.01% rise in total income to Rs 824.78 crore in Q1 June 2019 over Q1 June 2018. The result was announced on Saturday, 10 August 2019.

Pharma stocks were mixed. Aurobindo Pharma (up 2.03%), Alkem Laboratories (up 1%), IPCA Laboratories (up 0.63%), Piramal Enterprises (up 0.23%) and Dr Reddy's Laboratories (up 0.02%) advanced.

Divi's Laboratories (down 6.45%), Cadila Healthcare (down 2.52%), Cipla (down 1.59%), Strides Shasun (down 1.18%), Wockhardt (down 0.89%), Lupin (down 0.51%), Glenmark Pharmaceuticals (down 0.42%) and GlaxoSmithKline Pharmaceuticals (down 0.18%) declined.

Sun Pharmaceutical Industries rose 3.6% ahead of its Q1 June 2019 result today.

Indoco Remedies rose 2.13%. The pharma company announced on Monday, 12 August 2019, that its clinical research organisation, Anacipher, located at Hyderabad had undergone a walk-in surveillance inspection by the United States Food and Drug Administration (division of New Drug Bioequivalence Evaluation) from 5 to 9 August, 2019. The inspection successfully concluded without any observations and no form 483 is issued.

Unichem Laboratories shed 0.62%. The drug maker announced that it has received ANDA approval from US FDA for its Tramadol Hydrochloride tablets USP, 50 mg, to market a generic version of Ultram tablets, 50 mg, of Janssen Pharmaceuticals, Inc. which are indicated in adults for the management of pain severe enough to require an opioid analgesic and for which alternative treatments are inadequate. The product will be commercialized from Unichem's Ghaziabad plant. The announcement was made during market hours today, 13 August 2019.

In a separate announcement on Monday, 12 August 2019, the company said that it has received ANDA approval from USFDA for Unichem's Chlorthalidone Tablets USP, 25 mg and 50 mg to market a generic version of Hygroton Tablets, 25 mg and 50 mg of Sanofi Aventis US, LLC. The drug is indicated for treatment of hypertension and edema.

Divis Laboratories slumped 7.18%. The company's consolidated net profit rose 1.8% to Rs 272.44 crore on a 16.8% rise in net sales to Rs 1,162.88 crore in Q1 June 2019 compared with Q1 June 2018.

On standalone basis, the company's net profit was almost flat at Rs 267.35 crore while the net sales rose 14.5% to Rs 1139.92 crore. The result was announced on Saturday, 10 August 2019.

Torrent Pharmaceuticals fell 1.45%. The company said on Monday, 12 August 2019 that it has received a communication from the USFDA classifying the inspection conducted at its Indrad facility in April, 2019 as Official Action Initiated (OAI).

The company already had submitted its initial response to USFDA and commitments given in response to Form 483 observations have been fulfilled. The company is sending further updates over receiving of this OAI letter. The company will be engaging with the regulator and is fully committed in resolving this issue at the earliest.

On the economic front, the Asian Development Bank (ADB) has signed an agreement to invest $23 million in non-convertible debentures being issued by GR Infraprojects (GRIL) to help the company rapidly scale up its construction of roads and highways in India through the purchase of new building equipment. This increased operational capacity will enhance GRIL's ability to execute its existing orderbook and enable it to bid for more projects—thereby supporting the roads sector investment plans of the Government of India. The agreement was signed by the Director General of ADB's Private Sector Operations Department Mr. Michael Barrow and GRIL Chairman and Managing Director Mr. Vinod Kumar Agarwal at a ceremony in New Delhi.

Key benchmark indices came off day's low in morning trade. Weakness in IT and auto stocks continued to put pressure on bourses. At 10:24 IST, the barometer index, the S&P BSE Sensex, was down 143.69 points or 0.38% at 37,438.22. The Nifty 50 index was down 28.90 points or 0.26% at 11,080.75.

The S&P BSE Mid-Cap index was down 0.74%. The S&P BSE Small-Cap index fell 0.13%.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 836 shares rose and 976 shares fell. A total of 117 shares were unchanged.

Coal India (up 0.02%), ONGC (up 0.84%) and Sun Pharmaceutical Industries (up 1.45%) will announce their Q1 June 2019 results today.

Most auto stocks fell. Mahindra & Mahindra (down 3.19%), Maruti Suzuki India (down 2.56%), TVS Motor Company (down 1.81%), Ashok Leyland (down 1.24%), Eicher Motors (down 0.95%) and Escorts (down 0.92%) declined.

Tata Motors (up 2.01%), Hero MotoCorp (up 0.56%) and Bajaj Auto (up 0.48%) advanced.

Grasim Industries fell 2.25%. The viscose staple fibre (VSF) and chemicals manufacturer said its board will meet on 14 August 2019 to consider raising of funds through issue of non-convertible debentures, in one or more tranches, on private placement basis. The announcement was made on Monday, 12 August 2019.

Bharat Heavy Electricals lost 3.08%. On a consolidated basis, the power plant equipment manufacturer reported net loss of Rs 217.72 crore in Q1 June 2019 compared with net profit of Rs 40.69 crore in Q1 June 2018. Net sales fell 23.9% to Rs 4411.09 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Friday, 9 August 2019.

Future Consumer fell 2.50%. On a consolidated basis, the sourcing-to-supermarket food company reported net loss of Rs 14.94 crore in Q1 June 2019 compared with net loss of Rs 5.91crore in Q1 June 2018. Net sales rose 24.7% to Rs 1048.45 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Friday, 9 August 2019.

In a separate announcement, the company said that CARE Ratings has re-affirmed its rating of CARE Al assigned to the company in respect of commercial paper worth Rs 100 crore. The announcement was made on Monday, 12 August 2019.

Sunteck Realty lost 1.70%. On a consolidated basis, the luxury real estate development company's net profit fell 51.3% to Rs 33.21 crore on a 17.3% fall in the net sales to Rs 174.60 crore in Q1 June 2019 over Q1 June 2018. The result was announced on Monday, 12 August 2019.

Balkrishna Industries lost 3.10%. On a consolidated basis, the tire manufacturing company's net profit fell 21.4% to Rs 176.84 crore on a 11% fall in the net sales to Rs 1198.93 crore in Q1 June 2019 over Q1 June 2018. The result was announced on Saturday, 10 August 2019.

Suprajit Engineering fell 3.53%. On a consolidated basis, the automotive cable and halogen lamp maker's net profit fell 13.7% to Rs 24.85 crore on a 0.4% rise in the net sales to Rs 363.37 crore in Q1 June 2019 over Q1 June 2018. The result was announced on Saturday, 10 August 2019.

New Delhi Television lost 2.28%. NDTV said that its founders Mrs. Radhika Roy and Dr. Prarmoy Roy were prevented trom leaving the country. They have been stopped from traveling abroad on the basis of wholly unsubstantiated corruption case filed by the CBI about an ICICI loan that was taken by their company, RRPR Holding, which was fully repaid with interest ahead of schedule. The case has been challenged in the Hon'ble Delhi High Court by RRPR, owned by the NDTV founders, which has stake in NDTV. The announcement was made after market hours on Friday, 9 August 2019.

IRB Infrastructure Developers shed 0.10%. The highway construction company informed that Mhaiskar Infrastructure - wholly owned subsidiary of the company, has successfully completed concession period of Mumbai Pune Project on 10 August 2019. Subsequently, this SPV has handed over the Project to the Maharashtra State Road Development Corporation (MSRDC). The annoucment was made on Monday, 12 August 2019.

On the macro front, the quick estimates of Index of Industrial Production (IIP) with base 2011-12 showed that India's industrial output grew 2% in June. The data was released by the government after market hours on 9 August 2019.

Most IT stocks fell. MindTree (down 3.41%), Tech Mahindra (down 2.77%), Infosys (down 2.27%), MphasiS (down 1.93%), Oracle Financial Services Software (down 1.67%), Wipro (down 1.27%), Persistent Systems (down 1.25%), TCS (down 1.16%) and HCL Technologies (down 0.54%) declined. Hexaware Technologies was up 2.86%.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 70.688, compared with its close of 70.410 during the previous trading session.

Overseas, Asian stocks were trading lower on Tuesday as fears about a drawn out Sino-US trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbours like bonds, gold, and the yen.

US stock benchmarks finished sharply lower Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted US-China trade war stoked fears of impending recession.

A foreign brokerage reportedly said that fears of the US-China trade war leading to a recession are increasing and it no longer expects a trade deal between the world's two largest economies before the 2020 US presidential election.

Volatility struck bourses in early trade as trading resumed after a long weekend. Shares of Reliance Industries (RIL) surged after chairman and managing director Mukesh Ambani on Monday addressed the shareholders of the company at its 42nd annual general meeting (AGM).

Key indices opened higher but soon reversed direction on negative Asian stocks. At 9:26 IST, the barometer index, the S&P BSE Sensex, was down 146.94 points or 0.39% at 37,434.97. The Nifty 50 index was down 24.95 points or 0.22% at 11,084.70.

The S&P BSE Mid-Cap index was down 0.48%. The S&P BSE Small-Cap index was down 0.12%.

Domestic stock markets were shut on Monday, 12 August 2019 on account of Bakri Id.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 624 shares rose and 646 shares fell. A total of 81 shares were unchanged.

Among stocks, Reliance Industries (RIL) jumped 8.22% after chairman and managing director Mukesh Ambani on Monday addressed the shareholders of the company at its 42nd annual general meeting (AGM). Mukesh Ambani revealed a roadmap to becoming a zero net debt company in the next 18 months. Saudi Aramco signed a non-binding letter of intent to acquire a 20% stake in the oil to chemicals division of Reliance Industries valued at an enterprise value of $75 billion.

Mukesh Ambani said that Jio Fiber Services will be launched on commercial basis on 5 September 2019, the third anniversary of Jio's launch. RIL plans to reach 20 million residences and 15 million business establishments in 1,600 towns. Reliance Jio Infocomm (Jio), a subsidiary of Reliance Industries (RIL), and Microsoft Corp. are embarking on a unique, comprehensive, long-term strategic relationship aimed at accelerating the digital transformation of the Indian economy and society.

Mukesh Ambani revealed a roadmap to becoming a zero net debt company in the next 18 months. Saudi Aramco signed a non-binding letter of intent to acquire a 20% stake in the oil to chemicals division of Reliance Industries valued at an enterprise value of $75 billion.

Mukesh Ambani said that Jio Fiber Services will be launched on commercial basis on 5 September 2019, the third anniversary of Jio's launch. RIL plans to reach 20 million residences and 15 million business establishments in 1,600 towns. Reliance Jio Infocomm (Jio), a subsidiary of Reliance Industries (RIL), and Microsoft Corp. are embarking on a unique, comprehensive, long-term strategic relationship aimed at accelerating the digital transformation of the Indian economy and society.

Bharat Petroleum Corporation (BPCL) rose 2.32%. The company's consolidated net profit fell 44.08% to Rs 1623.75 crore on 6.09% rise in total income to Rs 77261.95 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Friday, 9 August 2019.

NTPC lost 4.41%. The company reported 5.63% rise in consolidated net profit to Rs 2840.28 crore on 6.9% rise in total income to Rs 26929.85 crore in Q1 June 2019 over Q1 June 2018. The result was announced on Saturday, 10 August 2019.

Tata Motors rose 0.78%. Tata Motors' unit Jaguar Land Rover said that retail sales in July 2019 were 37,945 vehicles, up 5% compared to July 2018. Jaguar retail sales in July 2019 were 11,386 vehicles, up 3.6% year-on-year and Land Rover retailed 26,559 vehicles, up 5.6% compared to July 2019. The announcement was made after market hours on Friday, 9 August 2019.

Godfrey Phillips India surged 14.98% after consolidated net profit rose 106.49% to Rs 118.63 crore on 40.01% rise in total income to Rs 824.78 crore in Q1 June 2019 over Q1 June 2018. The result was announced on Saturday, 10 August 2019.

Steel Authority of India fell 0.81% after the company reported 81.4% drop in consolidated net profit to Rs 102.68 crore on 6.11% fall in total income to Rs 15043.53 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours on Friday, 9 August 2019.

On the macro front, the quick estimates of Index of Industrial Production (IIP) with base 2011-12 showed that India's industrial output grew 2% in June. The data was released by the government after market hours on 9 August 2019.

Overseas, Asian stocks were trading lower on Tuesday as fears about a drawn out Sino-US trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbours like bonds, gold, and the yen.

US stock benchmarks finished sharply lower Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted US-China trade war stoked fears of impending recession.

The market was trading with modest gains in mid-afternoon trade. At 14:27 IST, the barometer index, the S&P BSE Sensex, was up 318.09 points or 0.85% at 37,645.45. The Nifty 50 index was up 87.75 points or 0.80% at 11,120.20.

The S&P BSE Mid-Cap index was up 0.57%. The S&P BSE Small-Cap index rose 0.80%.

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1478 shares rose and 889 shares fell. A total of 145 shares were unchanged.

Spicejet rose 1.29%. On a consolidated basis, the aviation company reported a net profit of Rs 262.89 crore in Q1 June 2019 against a net loss of Rs 35.58 crore in Q1 June 2018. The total revenue from operations rose 35% to Rs 3002.85 crore in Q1 June 2019 over Q1 June 2018. The result was announced during market hours today, 9 August 2019.

Low cost air carrier Interglobe Aviation gained 0.43%.

Reports suggested that as per IATA data, India's domestic air passenger traffic rose 7.9% in June over the year ago period even as the average demand for domestic travel across seven major aviation markets declined in the reporting month to 4.4% from 4.7% earlier.

The international passenger demand rose 5.4% in June 2019 compared to the period year-ago, which was an improvement from 4.6% annual growth recorded in May. All regions recorded increase in growth, led by airlines in Africa with capacity increasing 3.4%, and load factor increasing by 1.6 percentage points to 83.8%, in the reporting month.

Prakash Industries slumped 7.85%. The integrated steel and power company's net profit fell 76.71% to Rs 37 crore on a 7.76% decrease in the net sales to Rs 825.42 crore in Q1 June 2019 over Q1 June 2018. The result was announced during market hours today, 9 August 2019.

Most realty shares rose. Housing Development and Infrastructure (HDIL) (up 4.93%), Indiabulls Real Estate (up 4.67%), D B Realty (up 3.82%), Anant Raj (up 3.58%), Unitech (up 2.11%), DLF (up 1.89%), Mahindra Lifespace Developers (up 1.41%), Peninsula Land (up 1.19%), Sunteck Realty (up 1.15%), Oberoi Realty (up 0.91%), Godrej Properties (up 0.73%), Omaxe (up 0.41%) and Sobha (up 0.28%) advanced.

Parsvnath Developers (down 2.86%), Phoenix Mills (down 1.81%) and Prestige Estates Projects (down 1.76%) declined.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 70.688, compared with its close of 70.410 during the previous trading session.

The yield on India's 10-year benchmark federal paper rose to 6.433% at 14:24 IST compared with 6.402% at close in the previous trading session.

MCX Gold futures for 4 October 2019 settlement rose 0.45% at Rs 37,927.

In the commodities market, Brent crude for October 2019 settlement was up 38 cents at $57.76 a barrel. The contract rose $ 1.15 or 2.04% to settle at $57.38 a barrel in the previous trading session.

Key benchmarks pared gains the afternoon trade. At 13:40 IST, the barometer index, the S&P BSE Sensex, rose 418.27 points or 1.12% at 37,745.63. The Nifty 50 index was up 130.85 points or 1.19% at 11,163.30.

The S&P BSE Mid-Cap index was up 1.13%. The S&P BSE Small-Cap index also rose 1.37%.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,574 shares rose and 744 shares fell. A total of 130 shares were unchanged.

Vedanta (up 3.89%), Eicher Motors (up 3.79%), Bajaj Finserv (up 3.75%), Grasim Industries (up 3.69%) and Maruti Suzuki India (up 3.62%), advanced.

Coal India (down 1.35%), ITC (down 1.09%), Cipla (down 0.86%), GAIL (down 0.66%) and Bharti Airtel (down 0.58%) declined.

Hindalco Industries was down 1.74%. The company's consolidated net profit fell 27.93% to Rs 1,063 crore on 3.56% decline in revenue from operations to Rs 29,972 crore in Q1 June 2019 over Q1 June 2018. The result was announced during trading hours today.

Mahindra & Mahindra was up 1.33%. The company said it will observe ''no production days'' for 8 - 14 days in various plants of the company and MVML during the second quarter of the financial year 2019-2020 to align its production with sales requirements. The management does not envisage any adverse impact on availability of vehicles in the market due to adequacy of vehicle stocks to serve the market requirements.

Yes Bank lost 4.71%. The bank said that its board approved the qualified institutions placement issue opening on 8 August 2019 and also approved the floor price at Rs 87.90 per share. The announcement was made after market hours yesterday, 8 August 2019.

The capital raising committee of the bank's board of directors on Thursday authorised the opening of the issue on 8 August, Yes Bank said. The committee approved the floor price for the issue being Rs 87.90 per equity share and the committee may, at its discretion, offer a discount of not more than 5% on the floor price, it further added.

Yes Bank said in a notice to exchanges that a committee will meet on 14 August to consider and approve the issue price and final discount.

Britannia Industries rose 0.89%. On a consolidated basis, the company's net profit fell 2.78% to Rs 251.03 crore on a 5.93% rise in the net sales to Rs 2677.32 crore in Q1 June 2019 over Q1 June 2018. The result was announced during market hours today, 9 August 2019.

Dr Reddy's Laboratories gained 0.39%. The drug maker informed that the audit of its formulations manufacturing facility at Shreveport, Louisiana, USA by the US FDA, has been completed on 8 August 2019. No Form 483 was issued at the end of the inspection. The announcement was made during market hours today, 9 August 2019.

Tata Chemicals advanced 1.91%. Its consolidated net profit rose 16.38% to Rs 239.71 crore on 4.99% rise in total income to Rs 3015.90 crore in Q1 June 2019 over Q1 June 2018. The announcement was made after market hours yesterday, 8 August 2019.

Earnings before interest tax depreciation and amortization (EBITDA) grew 20.57% to Rs 592 crore in Q1 June 2019 as compared to Rs 491 crore in Q1 June 2018. The company's net debt dropped 4.49% to Rs 1871 crore in Q1 June 2019 as compared to Rs 1959 crore in Q4 March 2018.

Mahanagar Gas fell 2.99%. Its net profit rose 32.66% to Rs 170.24 crore on 22.55% rise in total income to Rs 777.83 crore in Q1 June 2019 over Q1 June 2018. The announcement was made after market hours yesterday, 8 August 2019.

NBCC (India) tanked 11.73%. The firm's consolidated net profit fell 37.9% to Rs 51.46 crore on 15.85% fall in total income to Rs 1942.28 crore in Q1 June 2019 over Q1 June 2018. The announcement was made after market hours yesterday, 8 August 2019.

Page Industries dropped 4.09%. The company's net profit fell 11.07% to Rs 110.67 crore on 2.19% rise in total income to Rs 840.46 crore in Q1 June 2019 over Q1 June 2018. The announcement was made after market hours yesterday, 8 August 2019.

National Aluminium Company rose 1.26%. National Aluminium Company said that a joint venture agreement was signed with Mishra Dhatu Nigam to incorporate a joint venture company (JVC) with an objective for setting up of high end aluminium alloys plant for manufacturing of plates, sheets, etc. The announcement was made after market hours yesterday, 8 August 2019.

National Aluminium Company (NALCO) rose 1.37%. NALCO signed an agreement with Mishra Dhatu Nigam (MIDHANI) to incorporate a joint venture company (JVC) with an objective for setting up of high end aluminium alloys plant for manufacturing of plates, sheets, etc.

MIDHANI and NALCO shall initially subscribe for shares in the JVC in equal proportion. JVC may agree to induct a technology partner/technology associate/technology provider with shareholding up to a maximum of 10% of the total paid up equity in the JVC during incorporation or else may dilute up to 10% of the total paid up equity (inequal proportion) to them. The announcement was made after market hours yesterday, 8 August 2019.

Hexaware Technologies fell 2.18%. On a consolidated basis, the company's net profit rose 19.07% to Rs 164.89 crore on a 3.51% rise in the net sales to Rs 1308.34 crore in Q2 June 2019 over Q1 March 2019. The result was announced after market hours yesterday, 8 August 2019.

Adani Transmission gained 2.29%. On a consolidated basis, the private transmission company's net profit rose 26% to Rs 213.42 crore on a 360.5% rise in the net sales to Rs 2858.08 crore in Q1 June 2019 over Q1 June 2018. The result was announced after market hours yesterday, 8 August 2019.

Indian Overseas Bank rose 0.95%. The bank announced that India Ratings has assigned a rating of 'IND AA- / Negative' for the proposed issue of Rs 800 crore Basel III Tier II bonds. The announcement was made during market hours today, 9 August 2019.

Vodafone Idea gained 3.55%. The telecom major informed that Care Ratings, has downgraded its rating on long term bank facilities and non-convertible debentures from CARE A+ (Negative) to CARE A (Negative). The announcement was made after market hours yesterday, 8 August 2019.

Marico rose 2.55%. The company announced further infusion in the equity capital in Revofit such that it eventually holds upto 37% stake in the company. The announcement was made after market hours yesterday, 8 August 2019.

GMR Infrastructure gained 3.23%. The company announced raising of funds up to Rs. 2,500 crore in one or more tranche(s), through issue of equity shares or equity linked instruments, debentures or any other securities. The announcement was made after market hours yesterday, 8 August 2019.

Alembic Pharmaceuticals gained 1.74%. The pharmaceutical company announced that the company has received tentative approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Bimatoprost Ophthalmic Solution, 0.01%. Bimatoprost Ophthalmic Solution, 0.01%. Bimatoprost Ophthalmic Solution, 0.01 % has an estimated market size of US$ 704 million for twelve months ending December 2018 according to IQVIA. The announcement was made during market hours today, 9 August 2019.

Indiabulls Housing Finance spurted 11.34% while Lakshmi Vilas Bank hit 5% upper circuit at Rs 40.85. Media reports suggested that Indiabulls founder Sameer Gehlaut has promised the Reserve Bank of India (RBI) that he will relinquish all control and rights, have no say in the management, and bring the promoter group shareholding below 10% in the proposed bank to be formed after the merger of Indiabulls Housing Finance with Lakshmi Vilas Bank (LVB).

Bharat Petroleum Corporation (up 2.02%) and GAIL (India) (down 0.45%) will announce their Q1 June 2019 results today.

Overseas, European stocks were trading higher. DAX (up 1.43%), CAC 40 (up 2.24%) and FTSE 100 (up 1.88%). Most Asian stocks were trading higher on Friday supported by overnight gains in US stocks and better-than-expected macro-economic data from China.

China released data showing that food inflation soared in July. Meanwhile, Japan's economy grew more than expected in the quarter ending June.

China's consumer price index in July rose 2.8% on-year, according to data from the National Bureau of Statistics. In particular, food prices soared in July to 9.1% from a year ago, amid surging prices of pork as the country battles African swine fever.

Japan's economy saw its third straight quarterly expansion in April-June, growing at an annualized rate of 1.8% in the period, according to government data on Friday.

US stocks advanced on Thursday with technology shares providing the biggest boost as equities continued to rebound along with bond yields.