• Titan: Fully hedged with gold on lease and gold bought from stock markets. The company said that the ineffective hedge loss due to mismatch in sales quantity will be reversed subsequently with a corresponding reversal of stock gain accrued in the first quarter of fiscal 2021.
• PNB Housing Finance: Board approved raising Rs 1,800 crore via preferential issue / rights issue.
• IIFL Wealth: Board declares special dividend of Rs 40 per share. Record date set at August 27. Dividend yield at 3.58% as of the closing on Wednesday.
• RBL Bank: Board meeting today to consider issue of raising funds through a preferential issue.
• Aarti Drugs: Board meeting today to consider issue of bonus shares.
• IndiaMART InterMESH: Motilal Oswal initiates coverage with buy rating and a price target of Rs 3,550.
• Cosmo Films: Board has given in-principle approval for company's foray into the pet care business. Pilot launch is expected early next year with an investment of Rs 15 crore over the next 18 months in NCR.
• Yes Bank: Sold its entire stake of 6.34 crore shares (10.12% stake) in CG Power & Industrial Solutions, in various tranches.
• Non-Nifty Earnings Today: Healthcare Global, Indian Overseas Bank, J Kumar Infra, MOIL, Sheela Foam

To know more about the key stocks in focus, brokerage updates and other trading cues, click here.

Good Morning!

India's stock market ended with gains for the third straight day while heading into the penultimate weekly options expiry session of this month. Futures, however, indicate that the rally may pause.

The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 1.2% to 11,285 as of 8:00 a.m. on Thursday.

The street will watch out for stocks like Cosmo Films that reported their quarterly earnings late on Wednesday. Some broader market companies like Indian Overseas Bank, Healthcare Global, J Kumar Infra, MOIL and Sheela Foam are set to announce their financials today.

Globally, Asian markets are under pressure this morning after the U.S. Federal Reserve minutes signalled tempered optimism over growth in the second half of the year.

Markets in Japan, China and Australia are declining, while those in Hong Kong and South Korea are underperforming.

The U.S. dollar continues to extends gains after a five-day decline and treasury yields are edging lower.

West Texas Intermediate crude fell 0.8% to $42.57 per barrel, while gold pared an overnight loss, rising 0.3% to $1,934.4/Oz.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.