Market Outlook for the day – Keeping in mind Friday's close we expect positive bias to continue till Nifty is sustaining above 7825 spot levels.
Karnataka Bank has entered into a MoU with National Bulk Handling Corporation for extending storage facilities to farmers and finance against the warehouse receipts.
L&T has bagged new orders worth Rs. 1,283 crore in water infrastructure and renewable energy sectors in the country in July and August.
IRB Infrastructure Developers has won the bid to develop toll collection booths at the Mumbai-Pune Expressway.
The government has raised the import duty on sugar by 10%, from 15% to 25%, in order to protect struggling mills, the hike is applied to both raw and refined sugar.
Key benchmark indices closed positive in a volatile trading session on selective buying by funds and retail investors amid mixed European cues. Buzz of a likely upgrade of India's sovereign rating outlook to stable from negative from global rating agency S&P aided gains for markets with the CNX Nifty hit record high. The market breadth was negative on BSE after the Reserve Bank of India tightened norms related to lending against shares which could curb leveraging of positions by traders.