Stock Market Live Updates: Sensex gains 100 pts, Nifty around 19,750 in early trade

Major gainers and losers on the BSE at 11:30 am

Major gainers: GTL Infra (19.77%); Graphite (13.36%); Mazagon Dock (11.94%); SCI (9.88%); BBTC (9.53%) Major losers: MTNL (-3.78%); MMTC (-3.20%); JP Power (-2.77%); Natco Pharma (-2.75%); Glenmark (-2.67%)

Stock market Live updates: Phoenix Mills opens second mall in Pune, stock up 1.55%

Phoenix Mills Ltd (PML) has opened the gates to its second mall in Pune, Phoenix Mall of the Millennium. The stock has risen by 1.55% on the NSE, trading at ₹1,839.55.

Stock market Live updates: Exide Industries stock up 0.27 per cent on NSE, trading at ₹274.75

Exide Industries stock inches up by 0.27 per cent on the NSE, trading at ₹274.75. The company had invested over ₹100 crore in its wholly-owned subsidiary, Exide Energy Solutions Ltd.

Stock market Live updates: Samvardhana Motherson International inches up 0.40 per cent, trading at ₹99.70

Samvardhana Motherson International stock inches up by 0.40 per cent on the NSE, trading at ₹99.70. The company had inaugurated Motherson’s wiring harness facility in the Emirate of Ras Al Khaimah (UAE).

Sterlite Tech partners with TruVista, shares rise

Sterlite Technologies Ltd (STL) shares were up by 2.02 per cent after the company announced its partnership with TruVista, a broadband service provider, to bolster South Carolina’s rural connectivity infrastructure. Headquartered in South Carolina, TruVista is investing in fiber network development within the state. It is dedicating over $12 million to expand this service.

The collaboration between STL and TruVista has deepened since 2021, when STL began supplying specialised optical fibre cables, including high-fibre count and innovative cable types such as the Nova A1. TruVista has also adopted STL’s Optical Connectivity products such as the MST Optoblaze in diverse terrains. Read more

Bank Nifty Prediction Today – September 08, 2023: Resistance holds; stay out of the market

Bank Nifty has been struggling to breach the key 45,000 mark. The index made a high of 45,002 in the early trades today and has come down from there. It is currently trading at 44,909, up 0.06 per cent. The advance/decline ration is 7:5 and keeps the bias positive. Bandhan Bank, up 1.4 per cent is the outperforming stock within the index. Read more

Sensex, Nifty extend positive trend for sixth day running

Equity benchmark indices continued their winning momentum in early trade on Friday, shrugging off weak global market trends, helped by buying in Larsen & Toubro and Bajaj Finserv.

The BSE Sensex climbed 174.96 points to 66,440.52 in early trade. The Nifty advanced 49.55 points to 19,776.60. Read more

Stock market Live updates: Patel Integrated Logistics stock up 1.76 per cent, trading at ₹17.35

Patel Integrated Logistics stock rises by 1.76 per cent on the NSE, trading at ₹17.35. The board had approved the raising of funds of up to ₹10 crore by way of offer and issue of equity shares/ re-issue of forfeited shares to the existing and eligible shareholders of the company on right basis.

Stock market live update: PDS Ltd stock jumps 10.96 per cent on the NSE, trading at ₹406.05

Stock market live updates: Graphite India stock surges by 11.87% on the NSE, trading at ₹536.65.

IPO news: Jupiter Life Line Hospitals IPO has been subscribed 4.35 times as of 10:48 am on September 8, 2023.

The QIB portion has been subscribed 1.12 times, NII portion 9.64 times, and retail 3.88 times. The issue closes today.

Kirloskar Industries Limited informed the exchange that commercial operations of the ‘Mini Blast Furnace – I’ situated at Koppal Plant, Karnataka, resumed effective September 7

However, the company’s stock declines by 1.35% on the NSE, trading at ₹3,442.20.

Stock market live updates: Over $300 billion in corporate cloud commitments untapped, says Infosys report

Only 47 per cent of the current cloud commitments are utilised, and over $300 billion in corporate cloud commitments remain untapped, according to a report by Infosys.

Companies have made big commitments to the cloud and are committing more. Two-thirds have increased cloud spending this year, and four out of five intend to increase spending in the year ahead. Companies also continue to add new cloud vendors.

But the financial reporting of major cloud providers shows that while cloud investments race ahead, utilisation has not kept pace. The 12 cloud and cloud-based software providers in the survey collectively report more than $300 billion in corporate cloud commitments that have not been used.

Click here to read complete report.

Buzzing stock: Cochin Shipyard stock jumps 8.10% on the NSE, trading at ₹1,238.95.

Cochin Shipyard will be participating in the Antique Defence Conference organised by Antique Institutional Equities Investment Trust of India (ITI Group) today.

Stock market live updates: Rane Holdings stock surges by 6.58% on the NSE, trading at ₹1,141.40.

Stock market Live updates: Tejas Networks stock rises 1.24 per cent

Tejas Networks stock rises by 1.24 per cent on the NSE, trading at ₹904.50. The company had received advance of ₹750 crore from TCS towards supply of Radio Access Network equipment for BSNL’s pan-India 4G/5G network.

Crude oil futures traded lower on Friday morning despite the decline in the crude oil inventories in the US.

Crude oil futures traded lower on Friday morning despite the decline in the crude oil inventories in the US. However, the latest data on China’s export and import during August has made an impact on the market. China’s export and import have seen a decline in August. At 9.46 am on Friday, November Brent oil futures were at $89.38, down by 0.60 per cent; and October crude oil futures on WTI (West Texas Intermediate) were at $86.24, down by 0.73 per cent. September crude oil futures were trading at ₹7169 on Multi Commodity Exchange (MCX) in the initial trading hour of Friday morning against the previous close of ₹7227, down by 0.80 per cent; and October futures were trading at ₹7121 as against the previous close of ₹7175, down by 0.75 per cent.

Stock market live updates: Shares of Sterlite Technologies rise by 2.17% on the NSE, trading at ₹172.15.

Sterlite Technologies along with TruVista headquartered in South Carolina, are investing in manufacturing and building fiber networks – for South Carolina from South Carolina.

Buzzing stocks: Transformers and Rectifiers (India) stock jumps 17.57% on the NSE, trading at ₹148.55.

Stock market live updates| India inflation likely cooled in August, but still above RBI target range: report

Inflation in India was likely to have eased in August from a 15-month high in July, led by cooling vegetable prices, but held above the upper end of the Reserve Bank of India’s 2%-6% target for a second month, a Reuters poll found.

Erratic monsoon rains have ruined some crops of staple food items, prompting the government to subsidise vegetable prices and ban exports of some cereals, providing temporary relief to households.

That was sufficient to bring down headline inflation as food prices account for nearly half of the overall inflation basket. However, rising energy prices are likely to limit the decline.

The Sept. 4-7 Reuters poll of 45 economists predicted the consumer price index rose 7.00% in August compared to a year ago, a dip from 7.44% in July. The data will be released on Tuesday.

Buzzing stock: Mazagon Dock Shipbuilders stock surges by 8.15% on the NSE, trading at ₹2,258.05.

Mazagon Dock Shipbuilders had signed Master Ship Repair Agreement (MSRA) with the US Government represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka.

Stock to watch today: Natco Pharma

Natco Pharma informed the exchange that an antitrust lawsuit has been filed against the company in the US, along with Celgene Corporation, Bristol Myers Squibb, Breckenridge Pharmaceutical Inc. The stock trades at ₹915.10, up by 0.09% on the NSE.

Stock market live updates: Top gainers, top losers at this hour

Major gainers on the NSE at 9:30 am:

L&T (2.41%); Bajaj Finserv (1.99%); NTPC (1.99%); Bharti Airtel (1.05%); Maruti (0.99%)

Major losers:

Hindalco (-0.62%); Coal India (-0.58%); SBI Life (-0.42%); Axis Bank (-0.22%); IndusInd (-0.22%)

Market live updates: Indian rupee opens up 0.08% at 83.1425 against US dollar.

The rupee closed at 83.2100 on Thursday.

Stock market live updates: Ashok Leyland unveiled Electric Light Commercial Vehicles from Switch Mobility–the IeV Series — India’s first electric commercial vehicles in its category

The stock gained 0.93% to trade at Rs 183.70 on NSE.

Stock market live updates: HCL Tech shares breach the 52-week high of Rs 1,1258.95, for the fourth consecutive day, in early trade.

HCL Tech stock was trading at Rs 1,256.90, gaining 0.22% over previous close.

Stock market live updates| Shreyas Shipping delisting: Indicative price Rs 338 vs floor price of Rs 292

Transworld Holdings Ltd had announced its intention to voluntarily delist the equity shares of its Indian subsidiary, Shreyas Shipping & Logistics Ltd. vide Initial Public Announcement dated May 21, 2023.

The floor price determined as per Delisting Regulations is s 292.00 and THL has provided its intention to acquire shares of SSL at an indicative price of Rs 338.00. Stock price currently at Rs 380-390 levels.

If consummated, the purchase of the equity shares of SSL will be carried out in accordance with the Delisting Regulations at a price to be determined through the reverse book building.

SSL is engaged in owning and chartering container and bulk vessels.

Currently, THL along with its affiliates holds 1,54,66,650 equity shares aggregating to 70.44% of the paid-up equity share capital of SSL. SSL obtained in-principle approval for the proposed delisting from BSE and NSE on September 07, 2023.

NovaaOne Capital Pvt. Ltd. is acting as the Manager to the Offer to THL on the delisting process.

JSA Advocates & Solicitors are acting as legal advisors in connection with the offer.

Stock market live updates: Sensex gains 100 pts, Nifty around 19,750 in early trade

Indian markets opened in green on Friday. While BSE Sensex gained 100 pts, Nifty surged 0.12% to 19750 in early trade.

Stock market live updates: Trading tweaks

Move Into Short-Term ASM Framework: Kopran, National Peroxide. Move Out Of Short-Term ASM Framework: BF Utilities, D. P. Abhushan, Filatex India, Gokaldas Exports.

Stock market live updates: Shrikant Chouhan on Nifty trends

Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd

“Markets may start on a higher note owing to gains in the Gift Nifty index, but the ongoing rally could face hurdles as rising US Dollar, fresh spike in US treasury yields and persisting FII selling could dampen investors’ sentiment. From a technical standpoint, the Nifty could reach 19775-19800 and above the same it could jump to the previous high of 19950-19990 levels in the best-case scenario. However, if the index falls below 19600, the correction would extend to 19500 levels. The recommended strategy is to buy Nifty if it corrects to 19650-19600 levels and keep a stop loss at 19480. On Bank Nifty, the 45000 and 45100 levels are the immediate resistance zones, while the earlier resistance of 44700-44750 would act as support. The recommended course of action is to buy the index if it corrects to 44750-44700 levels.”

Stock to watch today: JSW Steel

JSW Steel reported consolidated crude steel production for the month of August 2023 at 22.86 Lakh tonnes, grew by 19% y-o-y. Capacity utilisation at Indian operations level stood at 94.3% for August 2023.

Stock market live updates: RBI approves appointment of Dipak Gupta as interim MD

RBI approved appointment of Dipak Gupta as Managing Director of Kotak Mahindra Bank. Gupta will carry out the duties of the Managing Director & CEO until December 31, 2023

Stock market live updates: Insider Trades

DB Realty: Promoter Shravan Kumar Bali sold 20,000 shares on Sept. 6.Usha Martin: Promoter Usha Martin Ventures sold 3 lakh shares between Sept. 5 and 6. Sapphire Foods: Promoter Sagista Realty Advisors sold 1.1 lakh shares between Sept. 5 and 7. Info Edge (India): Promoter Endeavour Holding sold 41,000 shares between Sept. 5 and 6.Tatva Chintan Pharma Chem: Promoters Ajay Mansukhlal Patel sold 2.1 lakh shares, Shekhar Rasiklal Somani and Darshana Nitinkumar Shah each sold 2.33 lakh shares, and Priti Ajay Patel sold 20,211 shares on Sept. 6.

Stock to watch today: Bajaj Finserv

Bajaj Finserv’s subsidiary Bajaj Allianz General Insurance reported the gross direct premium underwritten for August at Rs 1,677.87 crore and the premium in the current financial year up to August at Rs 9,228.81 crore.

Bajaj Allianz Life Insurance’s total premium for August stood at Rs 926.41 crore, and the premium in the current financial year up to August was Rs 3,828.06 crore.

Stock market live updates: JB Chemicals & Pharmaceuticals has announced that Lakshay Kataria to resign as CFO effective Nov. 30.

Stock market live updates: Emkay Global Financial’s take on India’s insurance sector

The life insurance industry delivered healthy retail APE growth of 14.4% for Aug-23, led by the private sector growing strongly at 20.7% and LIC posting a muted show at 3% YoY.

For YTDFY24, the private sector delivered decent 12.7% retail APE growth; however, LIC’s flat performance (+0.1% YoY) resulted in the overall industry delivering 8% YoY retail APE growth.

Healthy growth in retail APE among private players is expected to be driven by traction in the retail protection segment. Amid the slowdown in non-par savings products on account of changes in the Income Tax Act, the industry’s performance for Aug-23 remains impressive.

Among listed private players, Max Life (+48.5% YoY) and SBI Life (+34.1% YoY) delivered strong growth in retail APE for Aug-23, backed by their leading bancassurance partners and powering proprietary channels. HDFC Life (+15.9% YoY) and ICICI Prudential Life (+12.3% YoY) delivered decent retail APE growth during Aug-23.

Considering the robust performance in FY23 and the impact of taxation on high-value non-linked policies, we expect the life insurance sector to achieve single-digit growth in retail APE during FY24.

We foresee the private sector delivering low double-digit growth, while LIC is expected to experience low single-digit growth. Given the recent performance of life insurance stocks, the life insurance sector’s valuations remain appealing.

We prefer private-listed life insurers SBILIFE, MAXF, HDFCLIFE and IPRU, in that order.

Stock market live updates: Today’s key results/board meetings (8 September)

Stock market liv updates: Fund Houses on life insurance stocks

Morgan Stanley: August life insurance update was strong, industry RWRP rose 14% YoY, private sector rose 21%. HSBC: Individual APE grew at 14% YoY for industry & at 21% YoY for private insurers. SBI Life, HDFC Life, Bajaj Allianz & Max Life reported strong growth. Macquarie on Max Life: Maintain Underperform on Company, target price at Rs 465

Stock market live updates: Fund Houses recommendations| Bharti Airtel, L&T, UBL, Persistent

CLSA on Bharti Airtel: Maintain Buy on Company, target price at Rs 1100 CLSA on L&T: Maintain Buy on Company, raise target price at Rs 3240 Citi on L&T: Maintain Buy on Company, raise target price at Rs 3175 Morgan Stanley on L&T: Maintain Overweight on Company, raise target price at Rs 2935/share (Positive) UBS on Havells: Maintain Buy on Company, target price at Rs 1900 Morgan Stanley on UBL: Maintain Hold on Company, target price at Rs 1566 Citi on Persistent Systems: Maintain Sell on Company, target price at Rs 3790

Stock market live updates: Corporate Action| 8 Sept (ex-date)

AAATECH

Final Dividend – Rs. – 0.5000

AGARIND

Dividend – Rs. – 2.5000

ATL

Final Dividend – Rs. – 0.5000

BAJAJST

Final Dividend – Rs. – 3.0000

BRIGHTBR

Final Dividend – Rs. – 1.0000

CEINSYSTECH

Final Dividend – Rs. – 2.0000

COCHINM

Dividend – Rs. – 8.0000

FCL

Final Dividend – Rs. – 0.8000

GICRE

Final Dividend – Rs. – 7.2000

GIPCL

Final Dividend – Rs. – 3.7500

GUJCRAFT

Final Dividend – Rs. – 1.0000

HARLETH

Dividend – Rs. – 1.0000

JAYBARMARU

Final Dividend – Rs. – 1.7500

JAYSYN

Final Dividend – Rs. – 0.2500

JBMA

Final Dividend – Rs. – 1.3000

KANPRPLA

Final Dividend – Rs. – 0.5000

KPT

Final Dividend – Rs. – 1.5000

LODHA

Dividend – Rs. – 1.0000

MAXHEALTH

Final Dividend – Rs. – 1.0000

MOIL

Final Dividend – Rs. – 0.6899

NACLIND

Final Dividend – Rs. – 0.2500

NAHARCAP

Dividend – Rs. – 1.5000

NAHARPOLY

Dividend – Rs. – 1.5000

NAHARSPING

Dividend – Rs. – 1.5000

NIACL

Final Dividend – Rs. – 1.9300

POLYPLEX

Dividend – Rs. – 3.0000

PPAP

Final Dividend – Rs. – 0.5000

REMSONSIND

Final Dividend – Rs. – 1.5000

RESPONIND

Dividend – Rs. – 0.1000

RITES

Final Dividend – Rs. – 6.0000

RSWM

Final Dividend – Rs. – 5.0000

SARDAEN

Final Dividend – Rs. – 7.5000

SARDAEN

Special Dividend – Rs. – 7.5000

SEML

Bonus issue 1:1

SWISSMLTRY

Final Dividend – Rs. – 0.1600

TAJGVK

Dividend – Rs. – 1.0000

TATVA

Final Dividend – Rs. – 2.0000

VENKYS

Final Dividend – Rs. – 6.0000

ZENTEC

Final Dividend – Rs. – 0.2000

ZFSTEERING

Dividend – Rs. 5.0000

Stock market live updates: Securities under F&O trade ban for today

• BALRAMPUR
• BHEL
• DELTACORP
• HINDCOPPER
• IBULHSGFIN
• INDIACEM
• MANAPPURAM
• PNB
• SAIL

Stock market live updates: SEBI lets off LIC

Market regulator SEBI has disposed of adjudication proceedings against Life Insurance of Corporation with respect to alleged violations of mutual fund norms due to insurer major’s shareholding in IDBI Mutual Fund.

Stock market live updates: Samvardhana Motherson International opens new facility in UAE

Samvardhana Motherson International has inaugurated Motherson’s wiring harness facility in the Emirate of Ras Al Khaimah (UAE). The facility, which was inaugurated by Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al, Khaimah, is located in Ras Al Khaimah Economic Zone (RAKEZ).

Stock market live updates: Campus Actiwear COO resigns

Campus Actiwear has informed the exchanges that Piyush Singh has resigned as Chief Operating Officer of the footwear company from December 2, 2023, due to personal reasons.

Stocks in news: Hiliks Technologies Limited

The Board of Hiliks Technologies Limited has approved raising of funds through issue of equity shares to Enact Technologies Private Limited – 5,00,000 shares; Bhupathiraju Sudha Rani – 1,21,000 shares; Lakkineni Madhavi Latha – 1,00,000 shares; Pooja Bansal – 1,00,000 shares; and Rama Krishnam Raju M – 1,00,000 shares on preferential basis. The issue price is Rs 20 per equity share.

Stocks in news: Patel Integrated Logistics

The board of Patel Integrated Logistics has considered and approved the raising of funds of up to ₹10 crore byway of offer and issue of equity shares/ reissue of forfeited shares to the existing and eligible shareholders of the company on right basis.

Stocks in news: Ram Info

The Board of Ram Info has approved the proposal for investment up to 10 per cent of equity share capital in Jaaga Real Estate Services Private Limited, incorporated under the Companies Act, 2013.

Stocks to watch today: Tejas Networks, TCS

Tejas Networks Limited has received the mobilisation advance of ₹750 crore from Tata Consultancy Services Limited, towards supply of Radio Access Network equipment for BSNL’s Pan-India 4G/5G network.

Stock market live updates: Landmark Cars signs agreement with M&M

Landmark Cars has signed a Letter of Intent with Mahindra and Mahindra Limited for opening dealership in Howrah in West Bengal. This dealership will be established in one of the wholly owned subsidiary of Landmark Cars Limited, namely Landmark Mobility Private Limited.

Stocks to watch today: Sterlite Technologies Ltd

Sterlite Technologies Ltd and TruVista, headquartered in South Carolina, are investing in manufacturing and building fiber networks – for South Carolina from South Carolina. STL has invested significantly in a fiber optic technology manufacturing facility in Lugoff, South Carolina, with end-to-end advanced automation. TruVista is investing over $12 million in rural broadband, a significant portion of which will be dedicated to South Carolina.

Stocks in news: EKI Energy Services

Carbon credit developer EKI Energy Services (EKI) plans to announce its financial results for the June and March quarters by September 20, a top company official said on Thursday. The results will be submitted to the exchanges, the company’s Managing Director Manish Dabraka told PTI.

Stock to watch today: LTIMindtree

LTIMindtree has launched two industry solutions – AdSpark and Smart Service Operations – to accelerate the time-to-market for businesses on the Salesforce platform. AdSpark, powered by LTIMindtree and Salesforce, helps retailers get a jumpstart in expanding their own retail media platforms. Smart Service Operations combines the power of Salesforce Service Cloud1, including Salesforce Field Service, and the LTIMindtree NxT Platform for clients in manufacturing, construction, transport, mining, power and utilities, etc, the company said.

Stock market live updates: ONGC will infuse about ₹15,000 crore in ONGC Petro Additions Ltd

Oil and Natural Gas Corporation (ONGC) will infuse about ₹15,000 crore in ONGC Petro additions Ltd (OPaL) as part of a financial restructuring exercise that will see gas utility GAIL being edged out of the petrochemical firm.

ONGC currently holds a 49.36 per cent stake in OPaL, which operates a mega petrochemical plant at Dahej in Gujarat. GAIL (India) Ltd has 49.21 per cent interest and Gujarat State Petrochemical Corp (GSPC) has the remaining 1.43 per cent.

Stock to watch today: Shemaroo Entertainment

Shemaroo Entertainment has said that CGST & Central Excise carried out search operation at the premises of the company on September 5. Further, Atul Maru – Joint Managing Director, Hiren Gada – WTD & CEO, and Amit Haria – CFO, had been detained on September 6, and subsequently bail has been granted on September 7. The company is contesting allegations in accordance with the due process of law. Considering the present status of the case, estimated impact on the company and the amount involved is not identifiable currently, it said in a notice to the stock exchanges.

Stock market live updates: Exide Industries invests Rs 100 crore in subsidiary

Exide Industries has invested over ₹100 crore in its wholly owned subsidiary Exide Energy Solutions Ltd through rights issue. Exide Energy is into manufacturing of advanced chemistry battery cells.

Stock to watch today: Mazagon Dock Shipbuilders Ltd

Mazagon Dock Shipbuilders Ltd (MDL) has signed master ship repair agreement (MSRA) with the US government represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka. This is a non-financial Agreement. MDL is one of the two shipyards in the country that signed MSRA. The agreement is expected to open-up voyage repairs of US Navy Ships at MDL.

Stock market live updates: Gift Nifty indicates flat start for Sensex, Nifty

Gift Nifty at 19790 indicates a flat opening for domestic benchmarks Sensex and Nifty on Friday. However, analysts expect higher activity outside benchmarks with mid-cap and small-cap indices scaling new peaks. According to analysts, sector specific action will continue.

Stock market live updates: EMS IPO opens today at Rs 200-211 price band

The Rs 320-crore IPO of EMS Limited opens today for subscription. The company comes out with a price band of Rs 200-211. The lot size is 70 shares. The issue comprises a fresh issue of Rs 146.24 crore and 82.94 lakh shares under Offer for Sale by the Promotor Ramveer Singh. The IPO will close on September 12.

At the upper price band, the company’s IPO size would be Rs. 320-321 crore.

Stock market live updates: Jupiter Life Line Hospitals IPO closes today

The IPO of Jupiter Life Line Hospitals Limited was subscribed 3.30 times on the second day of bidding after investors across all categories showed interest. The IPO came out with a price band of ₹695-735 and market lot is 20 shares.

The issue received bids of 2.80 crore shares against the offered 84.97 lakh shares, according to the data available on the stock exchanges.

Non-Institutional Investors Portion was subscribed 6.63 times. Retail Portion was subscribed 3.08 times, whereas, Qualified Institutional Buyer Portion was subscribed 1.12 times.

Jupiter Lifelines Hospital IPO: Should you subscribe?

Stock market live updates: Stocks that will see action today

Mazagon Dock, ONGC, Exide Industries, Shemaroo, LTIMindtree, EKI Energy, Sterlite Technologies, Landmark Cars, Tejas Networks, RamInfo, Patel Integrated Logistics, Hiliks Technologies, Campus Actiwear and Samvardhana Motherson are some of the stocks that will be in focus today.

Stock to buy today: Castrol India

The upmove of Castrol India has gained momentum. The stock surged 3 per cent on Thursday and closed on a strong note. The outlook is bullish.

Strong supports are at ₹154-153 and then at ₹146-144. Any intermediate dips are likely to see fresh buyers coming into the market around the above-mentioned support levels.

Click here to read the complete report.

Day trading guide for September 8, 2023

Click here to know intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI

Stock markets live updates: Asia stocks fall after Apple weighs on US equities

Shares in Asia echoed US declines and a rally in the dollar stalled as the greenback weakened against major currencies. Treasury yields also declined.

Stocks in Japan, Australia and South Korea dropped alongside Hong Kong equity futures, per a Bloomberg report. The declines followed selling on Wall Street that weighed on tech stocks, partly driven by concerns about Apple Inc’s iPhone sales in China. Hong Kong’s stock market trading will be delayed because of a rainstorm warning, the local exchange operator said.