NIFTY ENDED FLAT WHILE NIFTY BANK CLOSED WITH A LOSS

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• The Indian equity indices ended on a positive note for the third consecutive session on August 30, amid a volatile session on the final day of August F&O expiry. At close, the Sensex was up 11.43 points or 0.02 percent at 65,087.25, and the Nifty was up 4.80 points or 0.02 percent at 19,347.50.

• Titagarh Rail Systems traded 2 percent higher on August 30 after the rail wagon and coach maker bagged a Rs 350-crore contract from Gujarat Metro Rail Corporation.

• The government will take the burden of the Rs 200 price cut announced on domestic cooking gas cylinders, Minister for Petroleum and Natural Gas Hardeep Singh Puri affirmed on August 30, in a relief to oil marketing companies from the Rs 7,500-crore imminent hit to their coffers.

• Yields on corporate bonds and state development loans (SDL) maturing in 10 years eased this week after the liquidity condition in the banking system improved and yields on government securities softened.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint

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