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Sensex, Nifty open mildly higher on RIL support; Bharti, Idea sink

Sensex, Nifty open mildly higher on RIL support; Bharti, Idea sink

The Fed's monetary policy announcement is due later in the day.

Driven by stronger rupee and revival of buying interest of foreign investors amid abundant liquidity, the NSE Nifty closed at 10,153.10 - a new peak - up 67.70 points, or 0.67 per cent, after shuttling between 10,171.70 and 10,131.30.

Meanwhile, S&P BSE Sensex was trading at 32,433.02, higher by 30.65 points or 0.09% and NSE Nifty stood at 10,151.10 level, up by 3.55 points or 0.03% on Wednesday. The gauge had lost 21.39 points in Tuesday's cautious trade.

Market heavyweight Reliance Industries rose over 1 percent after telecom regulator TRAI slashed interconnect charges to 6 paise from 14 paise now, a development that would benefit Reliance Jio. There would be no such charge from January 1, 2020, TRAI said.

Embarrassment for Nitish as Bihar canal collapses
The 389.31 crore worth project is part of the government's attempts to improve the poor land irrigation system in the region. Now, department officials said, the inauguration ceremony will be held after a week.

However, Bharti Airtel wiped off early losses to close higher by 0.39 per cent on some late buying.

Indian shares ended largely unchanged on Wednesday as gains in market heavyweight Reliance Industries Ltd were more than offset by profit-taking in stocks such as ICICI Bank Ltd. It closed at Rs 847.10 per share - up 0.85 per cent.

Among major gainers, ITC, Reliance Industries, Dr Reddy's and HDFC rose up to 3 per cent.

The domestic steelmaker announced signing of an agreement with Thyssenkrupp to merge their steel operations in Europe in a 50:50 joint venture company.

Hurricane Maria grows to a Category 3, nears already battered Caribbean
The maximum wind speed of Hurricane Maria is about 260 kilometers per hour (160 miles per hour) or about 70 meters per second. It wasn't expected to make landfall but tropical storm watches were posted along the coast from DE to Massachusetts' Cape Cod.

Among BSE sectoral indices, capital goods index gained the most by 0.99 per cent, realty 0.28 per cent, consumer durables 0.25 per cent and infrastructure 0.18 per cent.

In terms of investments, provisional data with the exchanges showed that FIIs sold scrip worth Rs 1,185.44 crore while domestic institutional investors (DIIs) purchased stocks worth Rs 946.23 crore.

Broader markets such as mid and small cap indices slipped form record highs.

Foreign secretary Johnson says he will not resign
However the Telegraph claims he has told friends the soft Brexit option would be unconscionable to him. Mrs May will lay down her Brexit gauntlet in a major speech in Florence on September 22.


  • Android One in the USA: Moto X4 with Project Fi

    Android One in the USA: Moto X4 with Project Fi

    The rear dual camera setup compromises of a 12-Megapixel sensor+8-Megapixel ultra-wide angle lens with 120-degree field of view. However, despite that, the Moto X4 does not offer Android Oreo out-of-the-box and instead, runs on Android 7.1.
    Florida governor issues emergency rules for nursing homes after hurricane deaths

    Florida governor issues emergency rules for nursing homes after hurricane deaths

    More than 100 people were evacuated from Rehabilitation Center of Hollywood Hills in Hollywood, Florida, earlier this week. These include hospitals, key government buildings, schools, sewer facilities, water pumping stations and grocery stores.
    The FBI Reportedly Wiretapped Trump's Campaign Chair, And It's A Big Deal

    The FBI Reportedly Wiretapped Trump's Campaign Chair, And It's A Big Deal

    But again, that is very far removed from the president's claim-yet his allies have already begun spinning it . According to CNN, the initial investigation of Manafort fizzled and surveillance was discontinued in 2016.
  • Crude Oil Firms Above $50

    Crude Oil Firms Above $50

    That's less than half the projected 3.9 million-barrel increase the government is forecast to report Wednesday. With OPEC signaling its determination to curb supplies, oil prices have risen sharply over the past week.
    Forza Motorsport 7's Launch Trailer is Straight-Up Car Porn

    Forza Motorsport 7's Launch Trailer is Straight-Up Car Porn

    From the outside, Forza Motorsport 7 looks like a safe yet worthy refinement of Xbox's popular (mostly) exclusive racing series. The Xbox One X will officially launch on November 7, 2017, for $499.99.
    Hurricane Irma insured losses at up to $50bn: AIR Worldwide

    Hurricane Irma insured losses at up to $50bn: AIR Worldwide

    The mayor has sent out an alert to other areas in Florida to conduct a welfare check on all elderly residents because of the heat. She adds that utility providers have said they hope to have power restored for all of southeastern Florida by the weekend.
  • Apple Watch Series 3 is having connectivity issues

    Apple Watch Series 3 is having connectivity issues

    It's possible Apple fixes this before the Apple Watch Series 3 begins shipping to customers on Friday. However, initial reports say the cellular service isn't quite reliable on the Apple Watch right now.
    Toys

    Toys "R" Us files for bankruptcy

    The Chapter 11 filing comes ahead of the all-important Christmas season, which makes up a large chunk of the group's annual sales. The company's stock dropped 6% on Monday amid news of the retailer's Chapter 11 filing, hitting its lowest level since 2009.
    Blac Chyna, Rob Kardashian Settle Custody War; Domestic Violence Allegations Dropped

    Blac Chyna, Rob Kardashian Settle Custody War; Domestic Violence Allegations Dropped

    On Saturday, the 3o-year-old shared an adorable picture of Dream on Twitter calling her, "my twin". Committee Chyna would have met with the lawyers to Rob Kardashian to negotiate his big cheque.
  • Hurricane Maria 'devastates' Dominica: PM

    Hurricane Maria 'devastates' Dominica: PM

    Jose's center was about 350 miles south-southwest of Nantucket, Massachusetts, early Tuesday and moving north at 9 mph. "We're going to lose a lot of infrastructure in Puerto Rico ".

    If US has to defend itself, we will 'totally destroy' North Korea

    He directed similar ire toward Iran, which he accused of supporting terrorists and destabilizing the region. But the issues at the United Nations are broader, and the geographic spread of Trump's audience wider.
    Trump revives idea that Pentagon once nixed: Parading military gear in DC

    Trump revives idea that Pentagon once nixed: Parading military gear in DC

    The annual parade commemorates the 1789 storming of the Bastille prison, a major turning point in the French Revolution. He said he was impressed by the military parade in central Paris in July, when he was visiting the French capital.