News Overview

Spot gold was unchanged at $2,173.89 an ounce. The price of US gold futures fell 0.1% to $2,178.20.

U.S. West Texas Intermediate (WTI) oil was up 7 cents, or 0.9%, at $79.79 per barrel, while Brent futures up by 10 cents, or 0.12%, to $84.13 a barrel.

The Fed's new economic estimates will be of interest, as it is largely anticipated that it will maintain its current rate of growth at its meeting next week.

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes. These influences lead to varying fuel rates across different states in the country.

During the ban period, no fresh positions are permitted for any F&O contracts of the specified stocks.

Subscription data revealed that qualified institutional buyers led the charge, subscribing 17.50 times the allotted quota, followed by non-institutional investors who subscribed 9.5 times their reserved portion. Retail investors also showed interest, bidding 4.01 times the reserved portion, while employees exhibited aggressive bidding, subscribing 6.88 times their set-aside portion.

On the global front, The S&P 500 and Nasdaq fell on Wednesday as investors grabbed gains in chipmaker companies.

Today, Tata Motors, ITC, L&T Finance Holdings, Power Mech Projects, Adani Green Energy may see movement in stock prices.

The IPO comprises a mix of a fresh issue of ₹175 Crore worth of shares and an offer-for-sale (OFS) of 17.5 lakh equity shares worth ₹125.13 Crore at the upper price band.

Retail investors made up 47% of the subscribers, NII made up 11% of the bookings, and QIB has not yet been booked. There were 3.83 subscriptions for the employee section.