India's August manufacturing Purchasing Managers Index rose to the highest level in seven months, a day after the country reported a record contraction in GDP for the April-June period.

Manufacturing PMI for August stood at 52 as compared to 51.4 during the same period last year and 46 for the month of July. The last time the reading was above the mark of 50, was in February this year.

Output too rose to its highest since February with the index rising to 55.5 from 44, according to a press release from IHS Markit.

New orders rose as compared to the previous month, IHS Markit said.

A reading above 50 indicates expansion while that below 50 indicates contraction.

The company informed the exchanges that the Advertising Sales Agreement that it had entered into with TV Today Network has been terminated.

Both parties mutually agreed to terminate the ASA from September 1, the exchange filing said.

The company had entered into an agreement with TV Today Network in August 2016 in relation to the latter's three private FM radio stations at New Delhi, Mumbai and Kolkata.

ENIl was to support TV Today NEtwork to market and sell the radio airtime on various platforms to third parties, with respect to the three radio stations.

Shares fell as much as 5.4% - the most in over four months to Rs 154.9. The stock is declining for the fourth straight day.

Shares of TV Today Network trade little changed at Rs 230.

• Volatile trade in the benchmark indices
• Nifty up 0.5% at 11,443
• Sensex up 0.44% at 38,796
• Nifty Bank up 0.36% at 23,839
• Nifty Midcap index up 0.6%
• Nifty Smallcap index down 0.55
• India Volatility index up 0.44% to 22.94
• Nifty Metal is the top sectoral gainer; up 1.3%
• Nifty Auto is the other sectoral gainer; up 1%
• Nifty Realty is the top sectoral laggard; down 1%
• Grasim is the top gainer on the Nifty; up 3.2%
• ONGC is the top laggard on the Nifty; down 3.2%
• 653 stocks on the NSE trade with gains while 997 decline

• Overall sales up 17.1% to 1,24,624 units
• Domestic sales up 20.2% to 1,16,704 units
• Exports down 15.3% to 7,920 units
• Mini + Compact segment sales up 26.8% to 81,665 units
• Total passenger car sales up 25.6% to 82,888 units
• Total domestic PV sales up 21.3% to 1,13,033 units
• Utility Vehicle sales up 13.5% to 21,030 units
• Mid-sized car sales down 23.4% to 1,223 units
• All numbers are compared on a year-on-year basis

Shares rose as much as 1.5% to Rs 6,940, post the announcement.

The rupee opened higher in today's session after snapping a three-day gaining streak on Monday, led by volatility in the equity markets.

The rupee opened at 73.21 against the U.S. Dollar as compared to Monday's close of 73.62. It now trades at the highest level in six months.

Yield on the 10-year government bond opened at 5.946% as compared to Monday's close of 6.117%. Yields cooled off after the Reserve Bank of India announced various measures on Monday.

Within the bond markets today, states will sell debt worth Rs 11,250 crore.