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The total sales by Ashok Leyland registered a growth of 25% on YoY basis. It sold 13,634 units in August 2017 as compared to 10,897 units during the corresponding period last year. In the Medium and Heavy Commercial Vehicles segment, it posted a growth of 29%, selling 10,567 units as against 8,201 units in August 2016. It sold 3,067 units of Large Commercial Vehicles in August 2017 as compared to 2,696 units sold in August 2016, registering a growth of 14%. The stock of Ashok Leyland soared over 5% during Friday’s trade on the BSE. It witnessed a spurt in volume by more than 1.02 times. The stock hit an intraday high and low of Rs 113 and Rs 107.40, respectively. Click Here For Free Trial:

Nifty is likely to open on a flat-to-positive note during the first trading session of September 2017 on the back of positive global cues. If one checks Nifty’s performance for the month of September for the past 10 years, then it is seen that the 50-stocks index has given its worst performance in 2008 losing 427 points or 9.8% and best performance in 2007 gaining 547 points or 12.2%. It would be interesting to watch out the movement of the major benchmark index of NSE during this month. GDP data was released on Thursday after market hours. GDP for the April-June quarter fell to a three-year low of 5.7%. The economy had expanded at 6.1% in the previous quarter i.e., March and at a 7.9% in the April-June quarter last year. Nifty reclaimed 9,900 mark during Thursday’s trading session which was predominantly range bound throughout the day. Sensex gained 84 points to end at 31,730 level on the expiry day of August series. Nifty has lost 102 points while Sens...

Chinese rebar Steel futures posted their fourth consecutive monthly gain and increased nearly 2% on Thursday. The steel futures started gaining grounds after the data showed growth in the country's manufacturing sector sped up in August, supporting the outlook for steel demand. Iron ore futures rose almost 4% increasing for a third straight month. China's Purchasing Managers' Index (PMI) increased to 51.7 this month from July's 51.4, topping market expectations and staying well above the 50-point mark that separates growth from contraction on a monthly basis. Separate data showed expansion in the world's biggest Chinese steel industry in August at the fastest pace since April 2016 as mills boosted output to chase rising prices.   On the Indian bourses, Nifty Metal index ended flat at 3,476 level in Thursday’s trading session in line with the major indices in the market. National Aluminium Company was top gainer in the index closed at Rs 72.25 ...

The shares of Wipro soared by over 2% intraday on Thursday’s trading session after the company informed that its shareholders have given their nod for the company’s buyback proposal. Last month, the company’s board approved a buyback proposal to purchase 343.75 million shares at Rs 320 each, amounting to a total of Rs 11,000 crore.   “The aforesaid special resolution has been passed through postal ballot and e-voting by members by requisite majority,” Wipro said in a filing to the BSE. Wipro said it has fixed September 15, 2017 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the share buyback. The stock was trading up by 1.39% at Rs 295 per share on BSE at 1043 hours. It opened at Rs 295.50 per share. It touched its intraday high and low at Rs 296.90 and Rs 294.65 per share, respectively. The stock attracted a total traded volume of 17,71,714 ...

At 09:15 AM, Nifty opened at 9,888 level, up 4 points while Sensex opened at 31,649 level, up by 3 points. Wipro was top Nifty gainer trading at Rs 295.05 per share, up by 1.32% while NTPC was top Nifty loser trading at Rs 164.35 per share, down by 2.14%. There were 882 advances, 457 declines and 484 unchanged stocks on NSE reflecting positive undertone floating in the market. On the broader markets, BSE Mid-cap index was trading at 15,501 level, down 0.03% while BSE Small-cap index was trading at 15,904 level, up by 0.23%. Nifty finds strong support around 9,800 while 9,940 will act as resistance on the upside. The rupee opened at 64.03 per USD.   The US stock market indices ended higher on Wednesday, following the release of some upbeat US economic data, including a report showing a jump in private sector employment. The Dow Jones Industrial Average ended at 21,892 with gains of 27 points. The S&P 500 index jumped 11 points to close at 2,458. The tech-h...