Sensex, Nifty end flat post lackluster trade; Syrma soars 42%, Titan 3%

CLOSING BELL: It was a range-bound trade on the bourses on Friday as investors awaited US Fed chief Jerome Powell's address at the Jackson Hole Symposium later tonight

9:27 AM

SECTORS | All indices open in green; IT, metals, auto in fast lane

9:24 AM

BROADER MARKETS | Small-caps, mid-caps move in tandem with benchmarks

9:22 AM

NIFTY LOSERS | Eicher Motors, Bharti Airtel top index drags

9:20 AM

NIFTY GAINERS | Coal India, Metal players drive index higher

9:19 AM

SENSEX HEATMAP | Only 4 stocks sit in red; M&M in top gear

9:17 AM

OPENING BELL | Sensex jumps 400 points at open

9:17 AM

OPENING BELL | Nifty soars 140 points to move above 17,650

9:12 AM

PRE-OPEN | Nifty may start 100 pts higher

9:09 AM

PRE-OPEN | Sensex adds over 250 points

9:04 AM

CURRENCY ALERT | Rupee opens 2 paise stronger at 79.86/$

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9:01 AM

Stocks on radar: Titan, Dr Reddy's, Nelco, IOC, GIC Housing, Torrent Pharma

Stocks to watch today: Titan plans to add 20 to 30 Tanishq stores over two to three years in the Middle East and North America; Nelco inked pact with Intelsat to provide inflight connectivity services. Read here

8:58 AM

F&O Strategy: Nandish Shah recommends a Bull Spread on Canara Bank

The technical analyst from HDFC Securities recommends buying Canara Bank 240 Call and simultaneously selling 250 Call for the September series. Read here

8:55 AM

DIIs sell Rs 334 crore of shares Thursday

8:53 AM

FIIs buy Rs 369 crore of shares Thursday

8:51 AM

BROKERAGE VIEW | Berger Paints stepping up ahead of Grasim launch

The top two players Asian Paints and Berger Paints are gaining share and decorative paints industry is becoming a 2-player market in most regions across the

country.

Berger Paints is eyeing a series of new product launches, closing portfolio and price point gaps, increasing A&P spends, and augmenting and

fortifying team.

Berger is also gaining share in decorative and industrial coatings.

Demand environment is robust, GM should recover to 39-40% and EBITDA margin should surpass pre-pandemic high of 16-17% as RM prices ease.

VIEW: Cautious on expectations of rising competition (Grasim), which could weigh on margins/valuations.

By Kotak Institutional Equities