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Adani Green Energy saw a Rs 2,778 crore block deal as Total Energies sold 2.86 crore shares, absorbed by major institutional buyers and family offices. Despite near-term weakness and volatile price trends, long-term growth prospects and strategic partnerships remain intact.
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The Federal Reserve is set to deliver a third consecutive rate cut, but internal divisions over inflation and economic risks may halt further easing. With limited fresh data and conflicting policy views, Chair Jerome Powell faces a difficult task in guiding forward expectations.
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Wall Street’s main stock indexes opened little changed on Wednesday, ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an interest rate cut, while investors remain wary of hawkish commentary on the path of future easing.
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Indian markets closed lower as Sensex and Nifty erased early gains amid profit-booking ahead of the U.S. Fed decision. Global volatility, BOJ tightening signals, FII outflows, rupee weakness and trade-deal uncertainty weighed on sentiment. Technical indicators point to sustained near-term pressure with key support levels being tested.
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The Reserve Bank on Wednesday announced a redemption price of Rs 12,801 per unit for two series of sovereign gold bonds.
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