Updated on 16 Aug 2017

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Nifty and Sensex are likely to open on a positive note on Wednesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and positive global markets.

SGX Nifty was trading 16.50 points, or 0.17per cent, at 9,812 around 8 am (IST), indicating a positive estart for NSE Nifty index.

US stocks settled higher on Tuesday
The Dow Jones Industrial Average index rose 5.28 points, or 0.02 per cent, to 21,998, the S&P 500index lost 1.23 points, or 0.05 per cent, to 2,464 and the Nasdaq Composite .IXIC dropped 7.22 points, or 0.11 per cent, to 6,333.
RIL: The government has disallowed Reliance Industries and partners to recover $264 million of cost of developing KG-D6 fields for 2015-16 as the output from the field fell short of the target, according to sources familiar with the matter.

BEML, Scooters India: The government is in advanced stage to appoint advisors for proposed strategic sales in state-run firms such as Scooters India, BEML, Pawan Hans Ltd and Hindustan Prefab, to divest its entire or partial stakes to private sector players, a senior official said.

SAIL: The state-run company is planning to set an operating profit target for the next two to three years and has vowed to work towards optimising manpower utilisation, exploring ways to increase net sales realisation and reduce procurement costs, and improving branding and distribution efforts.

Phoenix Mills: The realtor has acquired land parcel in Pune via Island Star Mall for Rs 161 crore.