The first task for the bulls would be to cross the immediate hurdle of 10,958 and sustain above this hurdle. If Nifty sustains above the 21-DMA, the target is intact at 11,150, followed by 11,181. Stocks in news: Equitas Holding, Canara Bank, Avenue Supermarts, Wipro, NBCC, Vivimed Labs.

At the time of writing, the SGX Nifty was up by 5 points and trading at 10,964 level.

The stocks to watch out on September 9 include IHFL, Ashok Leyland, ICICI Lombard, Oriental Bank of Commerce and Lupin.

Indian equity benchmarks Sensex and Nifty closed the week at 36,981.77 and 10,946.20, respectively, logging weekly losses of 0.94 per cent and 0.70 per cent, respectively.

The Chennai headquartered automaker will be observing five non-working days starting from September 6, 2019, at its plant in Chennai. The reason behind this move is the sluggishness in the economy and the demand contraction in the auto sector.

Lupin announced on Friday that it has received approval from USFDA for Fosaprepitant for Injection. The shares of Lupin gained over 1 per cent on BSE.

The shares of Unichem jumped 5 per cent after the company announced a successful USFDA inspection.

Be positive with the sector and select strong stocks for portfolio building.

The stock of REC Ltd has given a downward sloping trendline breakout on Friday, formed by connecting swing highs from July 16, 2019.

Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited announced on Thursday that Jio Fiber Services would be available on commercial basis from September 5th, across the 1600 cities in India.