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Erstwhile Indiabulls Asset Management Company (now known as Groww AMC), its schemes and former officials on Wednesday settled a case with Sebi pertaining to alleged violations of alternative investment fund rules after collectively paying Rs 1.43 crore.

Gold prices retreated from peak levels and traded Rs 1,300 lower at Rs 1,13,800 per 10 grams in the national capital on Wednesday, as investors rushed to book profits ahead of the US Federal Reserve s policy decision.

Metal major Vedanta s shares fell nearly 4% on Wednesday to hit the day s low of Rs 471 after its demerger plans received another setback. The government reportedly doubled down its objection, accusing the proposed demerger scheme of being a tactic to hinder the recovery of its dues.

Six NSE midcap stocks show extremely high TTM P/E ratios, signaling strong investor growth expectations but potential overvaluation. FSN E-Commerce, Paytm, BHEL, and others lead the list.

State Bank of India (SBI) has divested its 13.19% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 8,889 crore at Rs 21.50 per share, following approvals from the RBI and Competition Commission of India (CCI). As part of the RBI’s ‘Reconstruction Scheme 2020’, a consortium of eight banks led by SBI executed equity commitments in Yes Bank.

Aluminium prices are hovering near a six-month high amid supply concerns, with LME stocks plunging and Chinese output capped by annual limits. Experts suggest buying on dips toward Rs 256-258 with targets of Rs 266-268, implying up to 4% short-term upside.

Euro zone government bond yields edged lower on Wednesday ahead of a widely-expected U.S. Federal Reserve rate cut later in the day, with focus on any cues over the extent of easing the Fed may deliver this year.

The Indian Rupee saw gains on Wednesday. This was due to a weaker dollar. Positive sentiment from trade talks with Washington also helped. The rupee reached an intra-day high. Expectations of a U.S. Federal Reserve rate cut further boosted the currency. Market observers are watching for the Fed s future actions. Trade policy developments will also be key.

India’s massive gold holdings, totaling nearly $3.5 trillion across households, RBI, and religious institutions, highlight its economic resilience. Gurmeet Chadha countered the “dead economy” tag amid global uncertainties, citing robust Q1 FY26 GDP growth of 7.8% and strong domestic consumption, services, and manufacturing, underscoring India’s sustained financial strength.

Indian stocks finished higher Wednesday, with the Sensex and Nifty rising for a second straight session, lifted by optimism around progress in India-U.S. trade talks and expectations that the Federal Reserve will trim interest rates later in the day.