• Reliance Industries: Says it does not comment on media speculation and cannot confirm or deny any transaction which may or may not be in the works. It also said that it evaluates various opportunities on an ongoing basis. Bloomberg reported on Thursday that it is mulling a $20 billion stake sale in Reliance Retail to Amazon.
• National Fertilisers: Total fertiliser sale at 23.81 lakh MT between April-August 2020, a growth of 16% compared to the same period last year. Production up 13% to 16.11 lakh MT between April-August.
• Info Edge: Zomato closes primary fund raising of $100 million from Tiger Global and $60 million from Temasek holding. The food-delivery startup is now valued on a post-money valuation of $3.3 billion. The company holds 22.2% stake in Zomato.
• Hexaware Tech: Promoter HT Global I.T. solutions released a pledge of 18.63 crore shares or 62.08% stake which was pledged to Deutsche Bank and six other lenders. The pledge was released on September 8 after redemption of bonds.
• Amber Enterprises: Board approves closure of QIP. The company will issue 22.47 lakh shares to eligible qualified buyers at Rs 1,780 per share which is a 1% discount to the floor price. The company has raised Rs 400 crore through the same.
• ITI: The Army Static Switched Communication Network or ASCON has given its approval to ITI for a project for which it was declared the lowest bidder in 2017. The project is valued at Rs 7,796 crore.
• Hindustan Copper: Board defers plans to consider raising of funds
• Route Mobile: IPO subscribed 4.21 times on the second day of bidding. Institutional subscription at 1.27 times, non-institutional investor subscription at 2.07 times and retail subscription at 6.81 times. Institutional category doesn’t include anchor portion.
• Non-Nifty Earnings Today: BHEL, IRCTC, MIDHANI, Rail Vikas Nigam, Puravankara, Adani Green Energy, Future Supply Chain, Premier Explosives, OMDC.

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

Good morning!

Indian equity markets ended the weekly options expiry session on a strong note, led by Reliance Industries Ltd. that contributed more than 66% of the total gains in the Nifty 50.

Both Sensex and the Nifty saw their biggest single-day gain in over a month. Futures, however, are indicating some resistance at higher levels. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.4% at 11,417 as of 7:45 a.m. on Friday.

So far this week, the benchmarks have gained 1%.

Hindustan Aeronautics Ltd., Hindustan Copper, Jay Bharat Maruti and J&K Bank may react to their quarterly earnings reported late Thursday. BHEL, IRCTC, Mishra Dhatu Nigam or Midhani, Rail Vikas Nigam, Adani Green Energy and Future Supply Chain Solutions are set to announce their results today.

Asian markets are poised to decline for the second straight week. Benchmarks in Japan have reversed losses to trade with modest gain, while the rest continue to decline.

Futures on the Dow Jones are trading 165 points higher. The index ended 1.6% lower on Thursday. The Nasdaq fell over 2% after selloff resumed in mega-cap technology shares.

West Texas Intermediate crude fell 0.2% to $37.22 per barrel, while gold trades at $1,945/Oz.

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