1:04 PM
Multiple factors in favour of gas utility companies
After posting a strong quarterly performance, Indraprastha Gas (IGL), Gujarat Gas and Mahanagar Gas are well-placed to clock robust growth in the coming years. While low gas prices are supporting demand, together with rupee appreciation, the two factors are propping up margins.
READ FULL ANALYSIS HERE12:49 PM Buzzing stocks
Shares of Kishore Biyani – led Future Group companies are on a roll with Future Lifestyle Fashions (up 8% at Rs 389), Future Consumer Products (up 8% at Rs 48) and Future Retail (up 5% at Rs 512) hitting their respective lifetime highs on the BSE. CLICK HERE FOR MORE
12:29 PM Buzzing stock
DLF has moved higher by 7% to Rs 189 on BSE in intra-day trade, after the company said that its board will meet on Friday, August 25, to consider stake sale in rental arm. READ MORE
12:01 PM
ED mulls selling Vijay Mallya's shares in UB
The Enforcement Directorate (ED) has approached a special court under the Prevention of Money Laundering Act (PMLA) to sell the stake of beleaguered businessman Vijay Mallya in United Breweries (UB) and United Spirits (USL).
READ FULL REPORT HERE
11:47 AM Buzzing stock
Shares of Gati rose 4% in Wednesday’s trade after the company said that its profit jumped more than three-fold to Rs 18.31 crore in June quarter. The company had reported Rs 5.11 crore profit in the corresponding quarter of last year.
11:20 AM
What markets want to hear from Murthy
Can the concall inflict more damage to the already wounded Infosys?
Some experts do think so. At a broader level, however, they feel the call is primarily to address investor concerns and Narayana Murthy’s stand that has seen a massive erosion of shareholder wealth over the past few trading sessions.
CLICK HERE FOR REPORT 11:15 AM
Murthy postpones investor concall
Infosys co-founder N R Narayana Murthy has postponed investors’ concall to August 29, citing health reasons.
CLICK HERE FOR REPORT11:04 AM
Markets check
At 11:00 am, the Sensex was trading at 31,439, up 147 points, while the broader Nifty50 was ruling at 9,802, up 37 points.
10:54 AM Buzzing stock
Avenue Supermarts, which operates supermarket chain D-Mart stores, hit a new high of Rs 996, up 4% in intra-day trade, extending Tuesday’s 3% gain on the National Stock Exchange (NSE). The stock is trading at its highest level since listing on March 21, 2017. READ MORE HERE
10:30 AM
Earnings analysis
Mayuresh Joshi, Fund Manager at Angel Broking writes key takeaways from Q1FY18 earnings.
READ MORE 10:15 AM
Nifty tops global markets in 2017
Despite falling more than 2% in August, the outperformance of the Indian market vis-à-vis other major developed and emerging continues. In 2017 so far, the benchmark Nifty has gained 26.5% in dollar terms – the highest by any major benchmark index globally.
READ FULL STORY HERE 10:00 AM
Six of 10 Nifty100 firms see earnings cut after Q1
Factoring in the likely disruption due to the introduction of the goods and services tax (GST), the Street had lowered its estimates for the June quarter (Q1) earnings. Yet, to the surprise of investors, the performance of more than six out of 10 CNX Nifty100 companies fell short of even these reduced estimates.
READ FULL ANALYSIS HERE 9:47 AM Sectoral trend
All but two stocks were trading in green.
Source: NSE
9:34 AM
Buzzing stock
Fortis Healthcare rallied nearly 6% to Rs 150 after the company's promoters Malvinder and Shivinder Singh pledged 2.64 million more shares, representing about 0.5% of the share capital through Fortis Healthcare Holdings.
Meanwhile, Rekha Jhunjhunwala, wife of ace investor Rakesh Jhunjhunwala, on Tuesday purchased 45 lakh shares of Fortis Healthcare at Rs 134.6 apiece, totalling Rs 61 crore, through an open market transaction, data put up on National Stock Exchange of India website showed.
READ FULL REPORT HERE
9:23 AM Market breadth
Market breadth, indicating the overall health of the market was positive. On the BSE, 813 stocks rose, 208 stocks declined, while 35 stocks remained unchanged.
9:21 AM Sensex heatmap at open
Source: BSE
9:19 AM Broader markets
The BSE Midcap and the BSE Smallcap indices outperformed adding 0.6% each.
9:18 AM Markets at open
At 9:17 am, the S&P BSE Sensex was trading at 31,414, up 122 points, while the Nifty50 was ruling at 9,810, up 45 points.
9:10 AM
Currency check
The dollar edged higher against a basket of currencies on Wednesday, after getting a boost the previous day as investors adjusted positions ahead of a global central bankers' conference later this week.
The dollar index, which tracks the greenback against a basket of six major currencies, edged up 0.1% to 93.605, adding to its 0.5% gain from the previous day.
9:08 AM
Murthy takes battle to investors today
Infosys co-founder N R Narayana Murthy has begun reaching out to investors in a bid to explain his stand on the public battle with the Infosys board and the management that led to the resignation of its first non-founder chief executive Vishal Sikka.
He would be holding an investors’ call later in the evening to explain why the values of the company he built have been diluted and how that is bad for Infosys in the long run.
READ FULL REPORT HERE 9:04 AM
BSE to delist 200 companies today
Stock exchange major BSE will delist 200 firms from its platform with effect from today.
According to the BSE, stocks of 117 companies that have remained suspended for more than 10 years would be "delisted from the platforms of the exchange" with effect from August 23, 2017. Besides, the scrip of 28 companies that have remained suspended for more than 10 years and are "under liquidation" would also be delisted from August 23, 2017.
9:02 AM Pre-open trade
The S&P BSE Sensex was trading at 31,365, up 73 points, while the Nifty50 was ruling at 9,814, up 49 points.
9:00 AM
Stocks in news
Infosys, TataMotors, Bharti Airtel, Idea Cellular, Larsen & Toubro, Reliance Industries, DLF and Fortis Healthcare
8:57 AM
Technical calls by Prabhudas Lilladher
Buy Apollo Hospitals with a target of Rs 1,200
Buy Aptech with a target of Rs 280
8:55 AM
Today's picks by Devangshu Datta
8:53 AM
Nifty outlook and technical calls by HDFC Securities
Hold longs with a stop loss of 9,685 on Nifty
Buy Radico Khaitan and Future Consumer
8:49 AM
Asian markets
Asian stocks edged higher on Wednesday to extend a global rally spurred by gains for tech shares on Wall Street and miners in Europe, while the dollar was buoyant against the euro and yen ahead of a meeting of central bankers later in the week.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1%. Australian stocks added 0.3% and South Korea's KOSPI gained 0.3%. Japan's Nikkei rose 0.8%, lifted as the dollar strengthened against the yen.
8:40 AM
Wall Street on Tuesday
US stocks ended up on Tuesday, with each of the three major indexes posting their best one-day percentage gains in over a week, as lawmakers' comments on tax reform and the debt ceiling boosted investor optimism.
The Dow Jones Industrial Average rose 196.14 points, or 0.9% to 21,899.89, the S&P 500 gained 24.14 points, or 0.99% to 2,452.51 and the Nasdaq Composite added 84.35 points, or 1.36% to 6,297.48.
8:39 AM
Singapore Nifty
At 8:30 am, the SGX Nifty, Nifty futures being traded on Singapore Stock Exchange, was trading at 9,812, up 24 points.
8:38 AM Good Morning!
Welcome to Business Standard's market live blog.
AUTO REFRESH ON 
