• Bharti Infratel: Gets nod from the board of directors to proceed with the Scheme of Arrangement with Indus Towers. The company will now approach the NCLT to make the scheme effective, subject to certain procedural condition precedents. The deal will be done for Vodafone Idea's 11.15% shareholding in Indus Towers, for a cash consideration of Rs 4,000 crore.
• Reliance Industries: Transaction with Brookfield completed after obtaining all regulatory approvals. Brookfield along with its institutional partners invested Rs 25,215 crore to subscribe to units of the Tower Infrastructure Trust.
• Larsen & Toubro: Announces closure of strategic divestment of its electrical and automation business to Schneider Electric. Schneider Electric to use related brand Insignia for a specified period due to its popularity and strong brand recall in the switchgear market. The transaction was of an all-cash deal worth Rs 14,000 crore.
• BEML: Received order worth Rs 842 crore from Ministry of Defence.
• Bharat Road Networks: Joint venture with RKD Construction has received Letter of Acceptance from the NHAI for a HAM project in Bihar with a bid cost of Rs 1,034.7 crore.
• MOIL: Raises prices of all grades of Ferro, SMGR Grades, Fines and Chemical Grades by 10% as compared to the prices on August 1. The new prices will take effect today.
• India Grid Trust: Acquired Gurgaon Palwal Transmission from Sterlite Power at an enterprise value of Rs 1,080 crore. The acquisition will add Rs 35-40 crore of net distributable cash flow per year.
• ENIL: The company along with TV Today Network have terminated an advertising sales agreement from September 1. ENIL was to support India Today Network to market and sell radio airtime on various platforms to third parties with respect to the company's three radio stations in Delhi, Mumbai and Kolkata.
• Nifty Earnings Today: ONGC
• Non-Nifty Earnings Today: Nalco, NLC India, Shalimar Paints, Anant Raj

To know more about earnings reported after market hours, key brokerage updates and F&O cues, click here.

Good Morning!

India's benchmark indices posted their biggest single-day fall in three months on Monday. However, that did not stop them from posting their third successive monthly gain.

Domestic Investors finally turned net buyers for a session. The figure of over Rs 600 crore was the first and only instance of local investors buying in the month of August.

Futures are indicating that markets are likely to see a rebound from Monday's fall.

The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.6% to 11,436 as of 7:40 a.m.

India's markets may react to the country's quarterly GDP figures. The economy during the April-June period contracted by a record 23.9%. Auto sales for August and manufacturing PMI will also be data points to monitor for today's session.

Asian markets have drifted lower at the start of trade after a weak session on Wall Street, even as technology shares extended gains.

Benchmarks in Australia, Japan and Hong Kong are declining while those in South Korea are trading with gains.

Futures on the Dow Jones trade higher by 50 points. The index ended 0.8% lower on Monday. Benchmarks in the U.S. posted their fifth straight monthly gain.

West Texas Intermediate crude rose 0.6% to $42.85 per barrel while Gold was 0.2% higher at $1,972.2/Oz.

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