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Reports India

Indian stock market and companies daily report (September 02, 2014, Tuesday)

September 2, 2014, Tuesday, 06:10 GMT | 01:10 EST | 09:40 IST | 12:10 SGT
Contributed by Angel Broking

Indian markets expected to open on flat to positive note tracking SGX Nifty and Asian markets.

European stocks advanced, as European Union governments weighed further sanctions on Russia and as investors awaited this week's European Central Bank meeting.

Back home, Indian market ended on a positive note after remaining firm throughout the trading session, indices extended gains and hit fresh record high in late trade after news reports filtered in that the Attorney General proposed to the Supreme Court that about 40 of the 218 coal mines it declared illegal should not be taken back from the companies that operate them as they were either producing or were close to producing.

Markets Today

The trend deciding level for the day is 26,833 / 8,016 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 26,934 - 27,001 / 8,047 - 8,067 levels. However, if NIFTY trades below 26,833 / 8,016 levels for the first half-an-hour of trade then it may correct 26,766 - 26,665 / 7,996 - 7,965 levels.

TVS Motor two-wheeler sales up by 47 % in August

TVS Motor has reported a 47% growth in two-wheelers segment in the month of August 2014 to 217,662 units versus 148,469 units recorded in August 2013. Domestic two-wheeler sales grew by 50% to 190,547 units in August 2014 from 127,095 units in August 2013. The company's scooter sales rose by 84% to 67,240 units in August 2014 from 36,478 units in August 2013. Whereas, Motorcycle sales also saw jump of 36% to 83,332 units in August 2014 from 61,313 units in the month of August 2013. The company's total exports grew by 28% with sales increasing from 27,425 units in the month of August 2013 to 35,074 units in August 2014.

Economic and Political News

- Japan to invest $33.5 billion in India infra projects

- Urea imports dip 54% to 2 mn tonnes in Apr-Aug period

- July core growth slows to 3-month low of 2.7%

Corporate News

- Royal Enfield sales up 66% in August

- Ashok Leyland sales up 1 7% in August

- Neyveli Lignite to invest over Rs 500 cr in renewable energy projects