Stock Market Today: GIFT Nifty on the NSE IX rose 7.5 points to 19783.50, indicating that Dalal Street will have a quiet start on Wednesday. On Tuesday, the Nifty saw a trend reversal and finished around 177 points higher, forming a bullish inverted head and shoulder pattern on the daily chart. Asia’s stock markets rallied on Wednesday, while the dollar fell as a dovish shift in tone from Federal Reserve policymakers reduced traders’ expectations for U.S. interest rates, though with a careful eye on U.S. inflation data due on Thursday.
Rupee rises; Tokyo stocks opened higher
The rupee rose 3 paise to 83.25 against the US dollar on Tuesday, as a rebound in domestic equity markets improved investor mood. Tokyo markets opened higher on Wednesday, tracking Wall Street advances, with investors encouraged by further reduction of US bond yields.
Stock Market Today: Stocks in focus
Titan Company
The board of directors of the company will meet on October 17 to discuss the issuing of non-convertible debentures on a private placement basis within the authorised borrowing limits.
Wipro
The IT behemoth has finalised a subscription to FPEL Ujwal’s 9.95% equity share capital, which is involved in the development, construction, and management of a portfolio of solar power assets.
Bank of Baroda
Due to specific supervisory concerns, the RBI asked the institution to suspend the onboarding of new clients onto its ‘bob World’ app. The bank stated that it has begun steps to fill holes in its app and that it will work closely with the RBI to resolve their concerns as quickly as feasible.
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