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The Nifty Bank index was trading 0.54 per cent up at 53321.75.

The 1-month non-deliverable forward indicated the rupee will open at 83.60-83.62 to the U.S. dollar compared with 83.68 in the previous session. The rupee is on a four-day winning streak and is headed for its best weekly performance in at least four months.

​But IT is not the only part of the services exports that we are looking at. We are looking at all other segments outside IT as well, of which engineering, research, and development and the professional management consulting, those are segments that are also contributing significantly to the services exports from the country.

We are very enthused about the edtech sector in that part of the world and that is something that we would like to get into. So, there are lots of opportunities and that becomes a base for a new country, for a new entry.

The Indian market reacted strongly to the US Federal decision to reduce the interest rate, with Sensex and Nifty reaching record highs. Indus Towers, Vodafone Idea, and HCL Tech saw significant movements. Analysts advise caution in purchasing these stocks due to various technical indicators and trends observed in their price actions.

Dinshaw Irani, CEO of Helios MF, discusses their strategic moves in the market, including exiting PSU stocks and maintaining positions in smallcaps. He also highlights the impact of Fed rate cuts on the economy and shares insights on telecom and financial sectors, emphasizing their bullish stance on private sector banks.

In a widely expected move, the central bank left unchanged its overnight call rate target at 0.25% by a unanimous vote.

State-owned Rail Vikas Nigam (RVNL), Cochin Shipyard, and the recently-listed Ceigall India are among 67 companies that are expected to attract attention today, as they have designated September 23 as the record date for their dividend payouts.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

Economic affairs secretary Ajay Seth sought to delink the Fed rate cut from any potential action by the Reserve Bank of India (RBI). The Fed has done what it feels to be the best for the US economy and the RBI will be guided more by the domestic reality, Seth said. Separately, chief economic adviser V Anantha Nageswaran said at an event that much of the Fed action was factored in by investors and its impact on India could be more muted than on other emerging economies, as the domestic market has already been generating a lot of investor interest.