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

Sensex, Nifty end flat post lackluster trade; private banks, RIL weigh

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<b>CLOSING BELL<br />
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Stock market highlights:&nbsp;</b>It was a range-bound trade on the bourses on Friday as investors awaited US Fed chief Jerome Powell&#39;s address at the Jackson Hole Symposium later tonight. The S&P BSE Sensex traded between 58,723 and 59,321, and ended at 58,834, up 59 points or 0.1 per cent.<br />
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	The NSE Nfty50, meanwhile, shut shop at 17,559, up 36 points or 0.21 per cent. It touched a high of 17,686 and a low of 17,519 on the NSE. In the broader markets, the Nifty MidCap 100 and the Nifty SmallCap 100 settled up to 0.7 per cent higher.<br />
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		<strong class="read_more">ALSO READ:&nbsp;<a href="/article/markets/animal-spirits-chris-wood-surprised-by-resilience-of-indian-stock-market-122082600228_1.html" target="_blank">Animal spirits? Chris Wood surprised by resilience of Indian stock market</a></strong></div>
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	Among sectors, the Nifty Metal index rose 1.7 per cent, followed by the Nifty PSU Bank index, up 1 per cent. On the flipside, the Nifty Private bank index fell 0.3 per cent.<br />
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	<strong>New listing :: Syrma SGS Technology</strong><br />
	Shares of Syrma SGS Technologies (Syrma) soared 42.2 per cent to Rs 313 against its issue price of Rs 220 per share on debut on Friday. The stock of the industrial electronics company listed at Rs 262, a 19 per cent premium when compared to its issue price on the BSE. On NSE, the stock started trading at Rs 260. <a href="https://www.business-standard.com/article/markets/syrma-sgs-technology-dazzles-on-debut-stock-soars-34-against-issue-price-122082600267_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	<strong>IPO market :: DreamFolks Services</strong><br />
	The Rs 562-crore IPO of DreamFolks reacived bumper response from investors on the last day of the issue. The offer was subscribed nearly 53 times till 3:30 PM with retail investors&#39; quota at 42x subscription, NII at 37.5 times, and QIB at 64 times.&nbsp;&nbsp;</div>

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

Business Standard

Sensex, Nifty end flat post lackluster trade; Syrma soars 42%, Titan 3% | News on Markets - Business Standard

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

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

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NIFTY LOSERS | Eicher Motors, Bharti Airtel top index drags

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NIFTY GAINERS | Coal India, Metal players drive index higher

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

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OPENING BELL | Sensex jumps 400 points at open

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

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PRE-OPEN | Nifty may start 100 pts higher

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

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

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	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. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-titan-dr-reddys-nelco-ioc-gic-housing-finance-torrent-pharma-eicher-motors-nelco-122082600126_1.html" target="_blank"><strong>Read here</strong><br />
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	<img alt="stock market, markets, trading, investment, investors, mobile, smartphones, apps, tech, rally, growth, returns" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/25/full/1616615652-8375.jpg?im=Resize,width=640" /></a></div>

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

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	The technical analyst from HDFC Securities recommends buying Canara Bank 240 Call and simultaneously selling 250 Call for the September series. <a href="https://www.business-standard.com/article/markets/f-o-strategy-nandish-shah-recommends-a-bull-spread-on-canara-bank-122082600135_1.html" target="_blank"><strong>Read here</strong><br />
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	<img alt="Canara Bank alleges Rs 5 bn fraud by Kolkata-based R P Infosystems" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-02/28/full/1519839250-9455.jpg?im=Resize,width=640" /></a></div>

DIIs sell Rs 334 crore of shares Thursday

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BROKERAGE VIEW | Berger Paints stepping up ahead of Grasim launch

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		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</div>
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		country.</div>
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	Berger Paints is eyeing a series of new product launches, closing portfolio and price point gaps, increasing A&amp;P spends, and augmenting and</div>
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	fortifying team.<br />
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	Berger is also gaining share in decorative and industrial coatings.<br />
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	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.<br />
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	VIEW: Cautious on expectations of rising competition (Grasim), which could weigh on margins/valuations.<br />
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	<em><strong>By Kotak Institutional Equities</strong></em></div>