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Government will not exercise the oversubscription option for the Indian Railway Finance Corporation (IRFC) offer for sale (OFS) after the issue failed to get fully subscribed on the opening day.
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Wall ​Street’s main ​indexes opened higher ​on Wednesday after volatile sessions earlier this ‌week ⁠as investors assessed ⁠risks to ​the AI trade and ​growing tariff doubts heading into Nvidia’s earnings ​due later ⁠in ‌the day.
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Nifty ended higher supported by IT and auto stocks. Market remained volatile, trading sideways near 200-DMA, while analysts recommend Central Bank of India and Colgate Palmolive for bullish opportunities.
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Sebi chairman Tuhin Kanta Pandey on Wednesday said that technology, including artificial intelligence, will play an expanding role in strengthening surveillance, enhancing transparency and deepening investor awareness.
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India’s longer duration bonds ended higher ​amid continued strong demand ​from long-term investors on Wednesday, while the benchmark 10-year bond ​gave up gains to end little changed ahead of its auction later in the week.
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