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Maruti Suzuki Gains  After BofA Securities Upgrades Stock Rating Shares of Maruti Suzuki rose as much as 1.9 percent to Rs 7,276.50 after BofA securities upgraded the stock rating and hiked price target. Sensex Extends Gain; Nifty Near Record High Indian equity benchmarks extended opening gains to trade at day’s high. The S&P BSE Sensex rose as much as 370 points or 0.9 percent to hit an all-time high at 41,308.61. The NSE Nifty 50 rose as much as 0.86 percent to 12,157.50, about one-point away from its record high of 12,158.80.  The broader markets represented by the NSE Nifty 500 Index rose as much as 0.73 percent. The NSE Nifty Bank Index, too, hit an all-time high at 32,213.35 after gaining as much as 0.75 percent. NIIT Technologies Jumps The Most In Three Months Shares of the IT services provider rose as much as 7.1 percent, the most since August, to Rs 1,577.50. The Noida-based firm's board will consider a proposal for share-buyback on Dec. 23, acco...

HUL, Maruti Suzuki top losers - Tata Steel shares are trading lower after global brokerage firm Goldman Sachs maintained a buy call on the stock with a target price of Rs 480. IDBI Bank Slumps After Rating Update Shares of the private lender fell 8.6 percent intraday to Rs 27 apiece. Credit rating firm S&P placed 'BB' long-term and 'B' short-term foreign currency issuer credit ratings of the bank on CreditWatch with negative implications, according to an exchange filing. The update was on account of the uncertainty regarding the bank's ability to meet its capital requirement in the next three months, the filing added. Talwalkars Better Value Fitness Hits Lower Circuit Shares of the operator of fitness centers were locked in the lower circuit after it fell 5 percent to Rs 8.15 each. M.K. Dandekar & Co. resigned from the post of statutory auditors on Aug. 16, according to an exchange notification. Auditors cited that failure to receive satisfac...

Dewan Housing Finance Corporation  said in BSE release that its payment obligations falling due in the immediate future, may not be met as per their existing schedule. Avenue Supermarts Falls After Block Deals -  Shares of Avenue Supermarts fell as much as 1.5 percent to Rs 1,408. About 62 lakh shares of the company changed hands in two block deals on BSE, Bloomberg data showed. While buyers and sellers were not known immediately, Promoter Radhakishan Damani had planned to sell 1 percent stake or 62.3 lakh shares in the operator of D-Mart supermarket chain, according to a stock exchange filing dated Aug. 7. The sale, which began today, will end on Sept. 14. NEWS ALERT | YES Bank QIP closed; Bids worth $750-800 million received: sources to CNBC TV18 -- Domestic MFs, Global Long Only Funds key investors Rupee opening - Rupee opens higher at 70.55/$ vs Thursday's close of 70.69 against the US dollar CATCH-ALL MARKET UPDATES -  Navkar Corp gains 15% ...

IRB Infra Jumps On Stake Sale Plans, Q1 Results Shares of Mumbai-based company extended gains for the second consecutive trading session and rose as much as 10.6 percent to Rs 105.80. The construction firm said it will sell stake in its road business to the Government of Singapore for Rs 4,400 crore, according to its stock exchange filing. The company will transfer nine of its build–operate–transfer assets into a private Infrastructure Investment Trust in, which IRB will hold a 51 percent controlling stake. NEWS ALERT | YES Bank likely to launch Rs 2,000 cr QIP: CNBC TV18 -- YES Bank QIP could lead to around 10 percent equity dilution: CNBC TV18 Avenue Supermarts Falls After Promoter Plans To Cut Stake Shares of the DMart supermarket chain fell 4.6 percent, its biggest intraday decline in a month, to 1,421.05 each. Promoter Radhakishan Damani will divest up to 1 percent stake, or 62.3 lakh shares of the company, according to an exchange filing. Sale of shares to start...

Union Budget, Nifty near 12,000 - Union Budget scheduled to be announced from 11 a.m. by FM Nirmala Sitharaman. The Sensex reclaimed the 40,000-mark, while the Nifty is trading near the crucial 12,000-mark. The Sensex is up about 108 points to 40,016, while the Nifty is trading 35 points higher at 11,980. Shares of IndusInd Bank, L&T are among the biggest gainers, jumping up to 0.90%. In the Nifty, 38 shares registered gains while 12 registered declines.  Eveready Industries gains 2% in early trade -- Yes Bank acquired 9.47 percent stake in the company. DLF trading flat -- Company fixed July 23 as the record date for determining entitlement of shareholders for dividend for FY19. CATCH ALL MARKET UPDATES -  1 Divis Labs dips 2% 2  Motherson Sumi slips 1% in early trade 3  Guess Corp soars 5% in early trade 4  HDFC Life Insurance Co gains over 1% 5  Mcleod Russel India slips over 4% YES Bank slips 3%, hits a fresh five...

L&T Tech Falls -   On L&T’s Stake Sale Plans Shares of L&T Technology Services fell as much as 1.8 percent to Rs 1,687. Larsen & Toubro plans to sell 3.88 percent stake in the company. Bharti Airtel Swings  - On Africa Unit’s IPO Plans Shares of Bharti Airtel fluctuated between gains and losses to trade 0.16 percent higher at Rs 353.30. The company’s Africa unit plans to raise $750 million plus a greenshoe option of 15 percent of $750 million from IPO, according to its stock exchange filing.  Axis Bank, ICICI Bank Fall-   After Fitch Ratings Downgrade Shares of ICICI Bank fell as much as 1.3 percent to Rs 417.50 and shares of Axis Bank fell as much as 0.88 percent to Rs 805.80.  Jubilant Life Sciences Near Three-Year Low - Shares of Jubilant Life Sciences extended declines for the third consecutive trading session. The stock fell as much as 2.5 percent to Rs 476.10, the lowest since August 2016. Dr. Reddy’s Laboratories R...