Sensex tumbles 839 pts on broad-based sell-off; Nifty Bank declines over 3%

All that happened in the markets today

9:01 AM

Here's what makes Vaishali Parekh bullish on Bank of India, United Spirits

BUY BANK OF INDIA | CMP: Rs 52.55 | TARGET: Rs 60-70 | STOP LOSS: Rs 45

 

The stock has maintained a strong base near 45 levels and has indicated a gradual rise. A positive bullish candle is showing improvement in the bias. The RSI indicator is also well placed and has indicated a trend reversal to signal a buy. With the chart looking good, we suggest to buy and accumulate this stock for an upside target of Rs 60-70 levels, keeping the stop loss of Rs 45. READ MORE

8:56 AM

Top stocks to watch out for today

RIL: Reliance Retail Ventures Limited (RRVL), a subsidiary of Mukesh Ambani-owned Reliance Industries Ltd, has announced that it is acquiring the entire retail, wholesale, logistics and warehousing businesses from the Future Group as a going concern basis for a total consideration of Rs 24,713 crore. 
 

ITC: The board of ITC will consider a proposal for amalgamation of Sunrise Foods, Hobbits International Foods, and Sunrise Sheetgrah with the company. The proposal will be taken up at a meeting fixed on 4 September 2020

 

SBI: The Banks Board Bureau on Friday recommended Dinesh Kumar Khara for the post of chairman of State Bank of India (SBI), the country’s largest lender. The government, however, will take the final call on the appointment. Khara will replace Rajnish Kumar, whose term as chairman comes to an end on October 7. READ MORE 

8:52 AM

Bulk deals on BSE as on Friday

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8:48 AM

Bulk deals on NSE as on Friday

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8:41 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:37 AM

Rupee check

Source: Bloomberg

8:33 AM

Oil prices edge up on stimulus support despite ample supplies

>> Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a well supplied market.

>> Brent crude futures for November climbed 27 cents, or 0.6%, to $46.08 a barrel, while US West Texas Intermediate crude was at $43.11 a barrel, up 14 cents, or 0.3%.

8:28 AM

SGX Nifty update

>> At 8:26 am, the index was at 11,753 level, up 71.15 points or 0.61 per cent.

8:26 AM

Asian stocks reach 29-month top

Source: Reuters

8:24 AM

Wall Street on Friday :: Tech powers S&P 500 to record closing high, Dow now positive for the year

Source: Reuters

8:00 AM

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