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“There is great optimism in terms of the Business Expectation Index as well as Business Assessment Index. Capacity utilisation has increased. So people are thinking that there is a lot of demand and that is why investments by corporates.”

The net long position of foreign portfolio investors increased from Rs 46,143 crore on Tuesday to Rs 60,567 crore on Wednesday.

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Spot gold added 0.3% to $1,912.09 per ounce by 0110 GMT, having hit its lowest level since Aug. 25 on Wednesday at $1,905.10. U.S. gold futures were up 0.1% at $1,933.70.

Stocks that were in focus included names like NIIT, which rose 20%, PNB, which gained 8.5%, and Aarti Drugs, whose shares jumped 3% on Wednesday.

British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. The company, which is a world leader in smartphone chip design and is owned by the Japanese tech investor SoftBank, has announced it will list on the tech-rich Nasdaq stock exchange under the "ARM" ticker.

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European Commission President Ursula von der Leyen announced the investigation in her annual address to lawmakers on Wednesday, saying: "Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies."

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Overnight data showed higher fuel prices had lifted headline U.S. consumer prices by the most in 14 months in August, for an annual rate of 3.7% which was a touch above expectations. Core inflation slowed to an annual 4.3%, as expected.

As for the Bank Nifty which had a weekly expiry on Wednesday, the series witnessed short covering with an increase in price of 3.87% and decrease in OI by 16% where there was shedding of over 4 lakh shares in OI, decreasing from 25.17 lakh to 21.15 lakh shares. The Bank Nifty August series rollover stands at 17%.

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Borrowers will have to be given the option of collecting the original property documents either from the banking branch where the loan account was serviced or any other office of the RE where the documents are available, as per their preference. Banks and NBFCs will also have to mention the timeline and place of return of original documents in the loan sanction letters issued.

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