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Gold maintained its most recent gains, which saw it break beyond $3,700 an ounce for the first time due to traders’ wagers that the Federal Reserve would lower interest rates at its meeting on Wednesday.

Less than $10 separated bullion from Tuesday’s new high of $3,703.07 an ounce. A weaker US dollar has also helped it, since one indicator is currently trading at levels last observed in March 2022. For other currency holders, gold is less expensive as the US dollar declines.

Bharat Electronics Ltd (BEL) has received fresh orders worth ₹712 crore across areas including IT infrastructure, cyber security, electronic systems, blockchain platforms, and communication equipment. here

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Jefferies’ Mahesh Nandurkar said resolving the India-US trade impasse could act as a key near-term trigger for Indian equities, which have underperformed regional peers. He noted that 67% of emerging market funds are underweight on India, but improved trade relations could drive a market spike. here

Coal India has been named the preferred bidder for the Ontillu-Chandragiri rare earth exploration block in Andhra Pradesh, covering 209.6 sq. km., and will receive an exploration licence under the Mines and Minerals Act. here

TRADE SET UP

GIFT Nifty is higher, indicating a start in the green for the Indian market.

P&G Health CFO Lokesh Chandak will step down on September 30 to take up a new finance leadership role within P&G. Shashank Srowthy has been appointed as the new CFO and executive director, effective October 1. here

RailTel has won a ₹105.7 crore order from the Bihar Education Project Council to set up smart classrooms in government schools, including Kasturba Gandhi Balika Vidyalayas, by supplying and installing digital learning tools. here

Seven Indian asset management companies collectively hold nearly $1 billion shares in Alphabet, which recently crossed a $3 trillion market cap. PPFAS has the largest exposure among them. here

China’s TransThera Sciences has soared 4,500% since its June IPO, despite having no revenue or products. Listed at HK$13.15, the biotech stock now trades at HK$679.5, making it the best performer on the Hang Seng Healthcare Index this year. here

Punjab National Bank announced that the government has extended the tenure of Executive Director M. Paramasivam until March 31, 2027, beyond his earlier term ending in November 2025. here

Ridham Desai – Morgan Stanley

The Competition Commission of India has approved JSW Paints’ plan to acquire up to 75% in Akzo Nobel India through a share purchase agreement and open offer, following promoters’ decision to exit the India business. here

Mahindra Lifespaces has been selected to redevelop two housing societies in Chembur, Mumbai, with a combined development potential of about ₹1,700 crore. here

In collaboration with Singapore-based LivWell Holding business Pte. Ltd., Angel One Ltd. (AOL) announced on Tuesday, September 16, the incorporation of a new associate business, Angel One LivWell Life Insurance Ltd.

The company’s regulatory filing states that LivWell will keep the majority of the proposed organisation, while Angel One will own 26%.

Metals Focus expects silver to extend gains, possibly touching $50 per ounce over the long term, supported by industrial demand and investment flows. Consultant Harshal Barot noted $45 per ounce as a key resistance level but said new highs cannot be ruled out. On gold, he forecasts near-term prices around $3,800 per ounce with potential consolidation before the next rally, while maintaining a bullish long-term view driven by geopolitical risks and central bank buying. here

Urban Company’s IPO is drawing strong investor interest, with its grey market premium rising from ₹10 at launch to ₹50, reflecting a 50% premium.. Follow CNBC-TV18’s live blog to get all the latest updates the listing.

Thyssenkrupp shares jumped nearly 9% to a four-year high after receiving a non-binding offer from Jindal Steel International for its steel division, boosting its market value to €7.3 billion. here

Asian equities slipped at the open, tracking a weak Wall Street session, as investors awaited the US Federal Reserve’s interest-rate decision. Japan and South Korea shares declined, the MSCI Asia Pacific Index eased 0.2% after nine straight sessions of gains, while US equity futures edged higher following minor losses in the S&P 500 and Nasdaq 100. here

As we head into yet another trading day, some of the stocks to focus include Mahindra Lifespace, Jindal Steel, BHEL, Gujarat Fluorochemicals & more

Check The Full List Here

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