This meant that while Nifty showed no vigor to push beyond 18660, thus leading to a turn lower, but bargain buying emerged as soon as dips turned substantial enough, thus avoiding major falls as well.

Telecom companies will be at the focus as Prime Minister Narendra Modi launched the 5G telephony services that promise to provide ultra high-speed internet on mobile phones.

"The current proceeds of preferential shares and warrants would be utilised to fund our long-term capital requirements and to enhance the working capital needs," Parag Milk Foods chairman Devendra Shah said.This will aid in further strengthening the company's balance sheet and drive the company for accelerated growth ahead, he said.

The massive loss was due to a one-time write-down of inventory worth Rs 509.50 crore.

Founded in 2020 by IIM Lucknow alumnus Vipen Jain, along with co-founders Nidhi Jain and Hinah Sawhney, Fitspire provides health and wellness products in the vegan nutritional segment catering to sports nutrition, general health wellness, and personal and child wellness.

The homegrown auto major Tata Motors said it will hike prices of its commercial vehicles in the range of 2.5 per cent from January 1 to offset the increase in commodity and raw materials costs.

Mazhar Mohammad of Chartviewindia.in said, the index is in blue sky territory, but there seems to be potential resistance around the 17,150 level.

For instance, Rakesh Jhunjhunwalas name showed up in June quarter holdings of Indiabulls Housing and SAIL with 2.17% and 1.39% stake, respectively. Jhunjhunwala increased stake in Edelweiss by 0.4% but lowered stake in Titan, TV18 Broadcast and Autoline Industries.

Telecom stocks were hammered the most, as their subscriber bases declined for the third month in a row. Midcaps and smallcaps took a major beating. While benchmark Sensex dropped 0.1 per cent to close at 38.365, peer Nifty shed 0.3 per cent to end at 11,317.

ICICI Securities recommended hold rating on Parag Milk Foods with a target price of Rs 104 in its research report dated September 08, 2020.

A total of 90 stocks scaled 52-week highs on the BSE. These included Adani Green, Escorts, Infibeam Avenues, IndiaMART InterMESH, Rosaari Biotech and Godrej Industries, among others.

Here is a lowdown on what happened in Wednesdays session.

Key support level for the Nifty is placed at 11,226.37, followed by 11,182.53. If the index moves up, the key resistance levels to watch out for are 11,325.67 and 11,381.13.

Heres who bought and sold what in some of the key bulk and block deals of the day.

103 stocks on the BSE hit continuous upper circuit during the past five trading sessions.

A look at what some of the key indicators are suggesting for Wednesdays market action.

Broader markets underperformed as the S&P BSE Midcap index rose 0.90 percent, while the S&P BSE Smallcap index was up 1.3 percent.