Today, the markets are likely to make a cautious start amid negative global cues. Around the globe, investors are nervous about the possibility of an escalating trade war between the world’s two largest economies, US and China. On the domestic front, market participants will keep a close watch on the rupee and the bond yields. The SGX Nifty suggests that the Nifty could open lower by 2 points around the level of 11,628.  

The shares of Ashok Leyland climbed up more than 4 per cent intraday and closed at Rs. 133.40 per share, up by 3.21 per cent after the company announced its sales figures. The company’s sales increased by 27 per cent to 17,386 units YoY. Meanwhile, Tata Motors closed in red, down by 0.15 per cent at Rs. 266.70, despite reporting good sales numbers.

The company has won the contract for Hospital Management Information System (HMIS) from the Municipal Corporation of Greater Mumbai.

Reliance Infrastructure (Relinfra) announced the payment of all outstanding electricity duty and other taxes amounting to Rs. 2,640 crore payable to the Maharashtra government. Stock retreated in the second half of Monday’s session after rallying for 5 consecutive trading days and a half-day today, breaching previous day’s high.

Piramal Enterprises dropped more than 3 per cent after Citi maintained a Neutral stance on the stock. The recent correction coupled with rising volumes and 14-period RSI negative crossover in the overbought zone could be a pullback or a profit booking at peak levels.

Following stocks are close to their 52-week low as at 12.34 p.m. on September 03, 2018.

The markets on September 03, 2018 opened gap up. BSE Sensex is trading at 38,725.52, up by 80.45 points and the Nifty is trading at 11,704.90, up by 24.40 points.

Balkrishna Industries Limited key player in the off-highway tyre segment is looking for additional capex of around Rs. 1,700 crore over a period of 30 months.

The construction arm of Larsen & Toubro has won orders worth Rs. 2,654 crore across two of its business segments from Maharashtra State Road Development Corporation Limited (MSRDC).

Ramky Infrastructure plans to sell 100 per cent stake in NAM Expressway Limited. The company has signed a share purchase agreement with Cube Highways Private Limited, Singapore for the deal.