There is a sudden wave of rallies in the paper stocks. The stocks have seen tremendous gains of up to 50 percent in just last 3-4 trading sessions. Since the closing on September 5, the Sensex and the Nifty rose 1.70 percent and 1.73 percent respectively. With the rise in gains, paper stocks like Malu Paper, Ruchira Paper, Star Paper and JK Paper saw a handsome rally. In the last three trading sessions, Malu Paper rallied 49.49 percent, Ruchira Paper surged 39.76 percent, Star Paper rose 32.07 percent and JK Paper gained 30.79 percent. Other stocks like Orient Paper and Seshasayee Paper saw 26.39 percent gains, and West Coast Paper rose 18.45 percent. READ MORE

Shares of Walchandnagar Industries Ltd jumped as much as 11.4 percent to Rs 67.60 in early trade on Thursday, after the engineering firm won an order worth over Rs 77.20 crore from the Indian Space Research Organisation's (ISRO) Vikram Sarabhai Space Centre. Established in 1908, Walchandnagar Industries is a heavy engineering company with presence in sectors like defence, nuclear & aerospace and industrial products like gears, centrifugals, castings and cauges, as per the company's website. READ MORE

- Indian markets pared some losses to trade flat on Wednesday with Nifty around 11,050 and Sensex up around 50 points.

- Buying was seen in banking and metal indices with Indiabulls Housing, ICICI Bank, IndusInd Bank, and Tata Steel as top gainers on Nifty50.

- IT sector declined in intra-day deals on strong rupee with Tech Mahindra and Wipro down over half a percent each

- Uday Kotak, MD of Kotak Mahindra Bank, in an exclusive interview with CNBC-TV18, said that India seems to be going through a slowdown every 10 years. He advised, "if you stick to what you are doing and if you are ready to take risks at the right time, it is phenomenal returns over a long period of time."

Tata Motors Group on Wednesday reported a decline of 32 percent in August's global wholesales, including that of Jaguar Land Rover, over the corresponding period of last year. According to the company, the global wholesales during the month under review declined to 72,464 units. "Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in August 2019 were at 25,366 nos, lower by 45 percent, over August 2018," the company said in a statement. READ MORE

Foreign Portfolio Investors (FPIs)on Wednesday turned buyers for the first time in September. FPIs had been on a sell mode despite the roll-back of the tax surcharge on them as macro-economic concerns took the centre stage. On Wednesday, FPIs bought Rs 266.89 crore worth of stocks while Domestic Institutional Investors bought Rs 1,132.42 crore worth. However, the outflow had steadily declined from Rs 2,016.20 crore at the start of the month, down to Rs 188.08 crore on September 9. READ MORE

• Indian shares extended gains for the sixth straight session on Thursday, tracking gains in Asian peers, as investors eye the August retail inflation data, due later today. 

• At 9:20 am, the Sensex was trading 105 points higher at 37,376, while the broader Nifty50 index was trading 35 points higher at 11,070. 

• ICICI Bank, Indiabulls Housing, Tata Steel, JSW Steel, and L&T were the top gainers on the Nifty50, while Infosys, Bajaj Finance, Wipro, Bharti Infratel, and NTPC led the losses.

• All sectoral indices, except Nifty IT, were positive at opening. Major buying was seen in metal and banking indices with Nifty Metal rising 1 percent, Nifty PSU Bank up 0.8 percent and Nifty Bank gaining 0.5 percent.

- Buy RBL Bank with a stop loss of Rs 370, target at Rs 395

- Buy Escorts with a stop loss of Rs 515, target at Rs 555

- Buy Tata Power with a stop loss of Rs 59, target at Rs 66

- Buy PFC with a stop loss of Rs 106, target at Rs 118

Click here for buy-sell calls by Mitessh Thakkar and Prakash Gaba 

HSBC on Consumer: The slowdown persists but growth does not seem to be falling off a cliff, the brokerage noted. It added that Kirana stores are here to stay and are strengthening. It prefers Avenue Supermarts and HUL in the FMCG space.

Citi on Tata Power: The brokerage has a 'buy' call on the stock with a target of Rs 76 per share. The company does not expect consent for Mundra UMPP before Maharashtra, Haryana elections, it said, adding that at current coal prices, the tariff hike could be Rs 0.40-0.50 per unit.

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Titan: ICRA has assigned "A1+" rating on the company's commercial paper worth Rs 900 crore.

SBI: The board has approved divestment of at least 3.5 percent stake in SBI Life through an offer for sale (OFS) route.

Srei Infra: Brickwork Ratings downgraded the ratings for the Non-Convertible Debentures, Perpetual Debt Instrument and Commercial Paper programme aggregating to Rs 5,327.07 crore.

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