August has been extremely volatile for Indian equities. Is it time to trim the portfolio Reliance applies for new licence post new DoT guidelines JBF up on buyback plans RIL shares up on new gas discovery Rs 550 crore NSEL cheques bounce JP Morgan downgrades Indian shares Financial Technologies India plunges on NSEL default Bank stocks soar after RBI announcement IDBI MFs new tax-saving fund REC tax-saving bonds scheduled for 2014