The Wednesday’s high of 11055 is critical for the bulls to continue the rally. If it is unable to surpass this level, then there are chances of entering into a corrective to sideways phase where 10,980 is likely to act as a support level. Any close below 10,980 will lead to a fall up to the level of 10,800. Stocks in news: Datamatics Global Services, Walchandnagar Industries, Kridhan Infra, Alkem Laboratories, SBI Life Insurance.

At the time of writing, the SGX Nifty was up by 34 points trading at 11,071 level.

Net inflows into equity mutual funds have increased in the month of August despite volatility in the equity market. This shows how Indian equity investors have matured.

Pharmaceutical company Sanofi informed the bourses that the Board of Directors of Sanofi india Limited (SIL) has approved slump sales and transfer of its manufacturing facility at Ankleshwar, Gujarat to Zentiva for Rs. 261.7 crore.

JSW Steel has reported Crude Steel production at 12.53 lakh tonnes (LT) for August 2019, registering a fall of 13 per cent over corresponding month of previous year.

US-based private equity firm Advent International Corporation has made an open offer to acquire 26 per cent share of DFM Foods for an offer price of Rs. 249.50 per equity share. Reacting to this, the stock of DFM Foods fell by almost 8 per cent on BSE.

The stocks to watch out on September 12 include Cyient, Tata Motors, Dr. Reddy’s, Yes Bank, Sasken Technologies and L&T Finance.

Mumbai based infra company, Generic Engineering Construction and Projects, informed on Wednesday that it has secured the orders worth Rs. 299 crore.

Cyient, a global engineering and technology solutions company, on Wednesday announced that it has signed a Memorandum of Understanding (MoU) with Qinetiq Target Systems (QTS), a UK-based defense technology firm.

Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the 1320 MW IB Thermal Power Station (2x660MW).