Tata Power's wholly-owned subsidiary Coastal Gujarat Power (CGPL) has raised Rs. 2,700 crore via issuance of non-convertible debentures (NCD) on private placement basis.

Following stocks are close to their 52-week low as at 12.31 p.m. on August 28, 2018.

Banking stocks dipped as Allahabad High Court refused to give interim relief to private power companies trying to delay insolvency proceeding as directed by RBI.

The markets on August 28, 2018 opened gap up. BSE Sensex is trading at 38,843.38, up by 149.27 points and the Nifty is trading at 11,732.55, up by 40.60 points. 

Parag Milk Foods has launched fresh milk made from 100 per cent pure cow’s milk under the brand Gowardhan in the Delhi NCR region. Together with Delhi NCR, the company is targeting to expand its footprints to the nearby regions within 250-300 km area of the Sonipat plant.

C&C Construction on Tuesday gained over 4 per cent intraday as the BSC-C&C joint venture won orders worth Rs. 266.22 crore.

Overall volumes in futures & options currently stand at 83.61 lakh contracts with a turnover of Rs. 7,83,115.45 crore.

Overall volumes in futures & options currently stand at 83.61 lakh contracts with a turnover of Rs. 7,83,115.45 crore.

The levels of 11,760, followed by 11,800, are likely to act as a resistances. On the way down, the level of 11,620 is likely to act as a support level. Stocks in news:  Karnataka Bank, Tata Power, Punj Lloyd, GAIL, JBF Industries, Oriental Bank of Commerce, Colgate Palmolive and Jet Airways.

Indian markets are likely to continue their record run on Tuesday following bullish sentiments prevailing in Asian markets and overnight gains on the Wall Street.  The SGX Nifty suggests that Nifty could open up by 31 points around levels of 11,754.