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When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Park Hotels IPO: The Rs 920-crore IPO of Apeejay Surrendra Park Hotels, the eighth-largest hotel chain in India, will open for public subscription from February 5-7. The price band is set at Rs 147-155 per share. The IPO includes a fresh issue of equity shares totaling up to Rs 600 crore and an offer for sale (OFS) of Rs 320 crore. The hotel chain aims for a post-issue market capitalization of Rs 3,307 crore based on the upper price band.

In the last five years, central government capex has already surged 3 times and investors are expecting the Budget, which would be a vote-on-account ahead of the Lok Sabha elections later in the year, to continue its focus on infrastructure to develop ports, airports, railways, and highways.

According to the CME FedWatch tool, 98% of the respondents see the federal funds target range unchanged at 5.25-5.50%.

Citigroup maintained a buy rating on L&T with a target price of Rs 4082. "The company reported healthy order inflows and execution. The December quarter earnings were in line with estimates, but muted margins were reported in Q3," Citigroup said.

The IPO of Gabriel Pet Straps opened for subscription today. The company plans to raise about Rs 54 crore through the public offer. Gabriel Pet Straps is engaged in the manufacturing and selling of pet straps widely used in packaging of heavy materials. The IPO is a fresh equity issue of up to 7.98 lakh equity shares. The company is offering its shares at Rs 101 apiece.

Apar Industries Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 24502.67 Crore) operating in Diversified sector.

Bharat Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products, Oil Crude, Other Operating Revenue, Subsidy for the year ending 31-Mar-2022.

Gold continued to trade in a tight range on Wednesday ahead of the Federal Open Market Committee (FOMC) meeting outcome scheduled later today. The bias was negative amid gains in the dollar index (DXY).