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And on Facebook, LinkedIn, Instagram and TelegramMARKET AT CLOSEMarket Extends Tuesday’s Gains, Nifty Rises To Over 3-month HighNifty Rises Above 25,300 With 35 of 50 Stocks Closing In The GreenFinancials See Buying For 2nd Straight Day, Kotak Bank & SBI Top GainersPSU Basket Surges With Sectoral Indices, Nifty PSU Rising 1% & PSU Bank 3%Sensex Rises 313 Points To 82,694 & Nifty 91 Points To 25,330Nifty Bank Gains 346 Points To 55,493 & Midcap Index 49 Points To 58,849Defence Names Continue To Move Higher, BEL Rises More Than 2%Auto Stocks Post Gains For Another Day, Maruti & M&M Top GainersReliance Ind Rises Above Key Levels, Stock Ends With A Gain Of 1%ITC Along With Insurance Names Slip, Bajaj Finserv Top Nifty LoserMidcap IT Stocks End With Gains Ahead Of Fed Decision, KPIT Top GainerSEBI Mulls Bks & Pension Funds’ Participation In Commodities, MCX Up 4%Vedanta Slips 1% As Govt Flags Risks While Co Says Govt Not Opposed To DemergerDreamfolks Slides 5% as Co Announces Discontinuation Of Airport Lounge BizUrban Company makes A Steallar Debut, Ends 62% Higher Against The Issue PriceShringar House Closes 12% Higher On The 1st Day Of Listing On ExchangesMarket Breadth Favours Advances, Advance-Decline Ratio At 4:3

Markets closed at 3:30 pm IST today.

Have Issued Summons To Indusind Bank’s Fmr MD & CEO Sumant Kathpalia

Have Issued Summons To Indusind’s Fmr Dy CEO Arun Khurana & Fmr CFO Gobind Jain

Have Summoned Fmr IndusInd Bank’s Officials Next Week (Monday-Wednesday)

Shares of Suzlon Energy Ltd., the renewable energy solutions provider, opened up to 2% higher on Wednesday, September 17, after global brokerage firm UBS reaffirmed its ‘Buy’ rating on the stock.

However, the initial gains fizzled out, and the stock is now trading in the red.

UBS has a price target of ₹78 per share for Suzlon.

Govt’s Continued Focus On Improving Ease Of Living Should Be The Key Thing Over The Next 5-10 Yrs

Urban Infra Also Needs To Be Improved Significantly Over The Next 5-1o Years

Possibly Some Reforms In The Agriculture Sector Should Also Be The Focus Over The Next 5-10 Years

Path Of Fiscal Prudence Is The Most Important Thing From An Economic Standpoint

India Has Collectively Deleveraged, Something No Other Country In The World Has Done

India’s Fiscal Prudence Is To The Credit Of PM Modi

PM Modi Has Ensured Improved Ease Of Doing Business & Investment

Mkts Have Done Very Well Over The Past 5 Years, There Is A Need For Consolidation

Markets Are Driven By Fundamentals, Flows & Sentiment

Can See A Market Rally If FPI Flows Come Back To India

MF Flows Look Reasonably Strong This Month

Journalist Paranjoy Guha Thakurta and four others have moved a Delhi district court challenging a Rohini court order that restrained them from publishing reports about the Adani Group. The other appellants include journalists Ravi Nair, Abir Dasgupta, Ayaskant Das, and Ayush Joshi.The district court has listed the matter for hearing tomorrow at 10 a.m.

According to M Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, the government has not proposed to cut its stake in public sector banks below 51%.

“They will continue to be majority-owned by the government, because there is a public interest in the government owning a majority in public sector banks,” Nagaraju told CNBC-TV18 at the Banking Transformation Summit. He stressed their critical role in serving neglected and underserved sectors.

From Bloomberg | SMFG Also Agrees To Buy 4.2% Stake In Yes Bank From Carlyle

SMFG Will Acquire Yes Bank Stake From Carlyle For 51 Bn Yen

SMFG Says

Its Stake In Yes Bank Will Be 24.2%

Hyundai India Signs Long-Term Wage Agreement With Union

Vedanta To NCLT In Demerger Case

No legal requirement for any further disclosure, the government is not opposed to the demerger scheme: Vedanta to NCLT in demerger case.

On Wednesday, September 17 (local time), the US Federal Reserve is scheduled to make its policy announcement, which is most likely to be its first rate cut of the year.

Govt on Vedanta Demerger 

Vedanta Demerger in NCLT

Govt doubles down on objection to Vedanta Demerger

Govt argues NCLT needs to see if the demerger scheme is being used as a ruse to frustrate the recovery of the Govt due.

Mansion House Brand Case

LUPIN

These are the top contributors aiding the Nifty 50

The Indian rupee gained 28 paise from its previous finish of 88.09 on Wednesday, September 17, when it opened higher at 87.84 against the US dollar and subsequently reached 87.81 in early trading.

A weakening dollar index and dropping US Treasury yields ahead of the Federal Reserve’s policy announcement have helped the currency reach its best level since August 29.

The Management of Urban Company speaks exclusively to CNBC-TV18

Watch CNBC-TV18 LIVE

Nitij Mangal, Jefferies India On CNBC-TV18

POSITIVE

MCX – SEBI indicates may allow FPIs to participate in non–agri commodities

DEFENCE STOCKS GAIN – BEL/GRSE/PREMIER EXPL/IDEAFORGE/ COCHIN SHIPYARD

MAHINDRA LIFE – Selected as redevelopment partner for 2 housing societies in Chembur. Opportunity size 1700cr

ABFRL – Street Cheers new retail brand launch

IRM ENERGY – Surges on strong volumes

NEGATIVE

Britannia – top NSE 500 lagard

Select hospital stocks under pressure – Fortis/Max Healthcare

Select Telecom stocks see profit booking – Idea/Indus Tower

Fluorochem – under pressure after large block deal

On Wednesday, September 17, holders of the Sovereign Gold Bond (SGB) 2019-20 Series-IV have the option to prematurely redeem their units, resulting in a gain of approximately 183% above the issue price of ₹3,890 per gramme.

When expressed on an annual basis, this amounts to roughly 18.6% annually.

Abhinav Chaturvedi, Accel On CNBC-TV18

Strengthening India’s commodity markets is high on SEBI’s development agenda, constituted a committee to recommend measures for deepening the agricultural commodity

MakeMyTrip ties up with Zomato to roll out ‘Food on Train’ offering

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