Today, Indian stock markets are likely to open on a subdued note  tracking weak cues from the global market indices. However, the GDP and other core data would be closely watched, which may bring in some cheer in the markets. The SGX Nifty  is trading flat to negative at 11724, shedding 12 points at 7:40 hours. 

Indian benchmark indices ended on a flat to negative note after a volatile session amid August F&O expiry. The benchmark index Nifty opened on a positive note but started declining since the very beginning. Nifty bounced back in the last half-an-hour to close on a flattish note. Nifty has corrected for two consecutive days post a Doji at all-time high level. Hence, we may see some more correction in the near term if Nifty slips below 11640 level, in which case, we hold 11620-11595, followed by 11530, as the supports. However, Nifty succeeded in taking a support at 50% retracement of the prior upward rally from 11532 to 11760 making a hammer-like pattern on the daily time frame. Hence, in case Nifty reverses from here and crosses the crucial level of 11690, we hold 11700, followed by 11760, as the resistances.  

ITI Limited has bagged an Advanced Work Order (AWO) from BSNL. The stock prices surged over 19 per cent intraday.

Timken India Limited, a subsidiary of The Timken Company announced the completion of ABC Bearings Limited's acquisition. The two companies, ABC Bearings Limited and Timken India Limited were merged by way of exchange of shares.

The stocks of airline operators extended their fall on Thursday as crude oil prices further strengthened in the International market. OMCs hiked ATF prices following the continued weakening of the rupee.

In the first phase, the company will invest Rs. 77 crore for 67 per cent stake in Ampere Vehicles. Further, in the second phase, the company can acquire another 13 per cent stake at its discretion over the next three years.

Following stocks are close to their 52-week low as at 12.53 p.m. on August 30, 2018.

The markets on August 30, 2018 opened up. BSE Sensex is trading at 38,684.03, down by 38.90 points and the Nifty is trading at 11,678.15, down by 13.75 points. 

Aditya Birla Capital and Varde plan an exclusive partnership to strategically invest in stressed assets in India, through a joint venture. Varde has invested approximately US$500 million in India across corporate distressed, stressed and special situations and lending assets in the past five years.

Overall volumes in futures & options currently stand at 1.13 crore contracts with a turnover of Rs. 10,80,211.83 crore.