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The Nifty Auto index was trading 0.15 per cent up at 12881.25.

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 473629.14 Crore).

JPMorgan maintained an underweight rating on TCS with a target price of Rs 2700. TCS Q4 missed expectations across the board led by US weakness.

A total of 14,125 shares changed hands on the counter till 10:05AM (IST)

The minutes followed a cooler-than-expected inflation report which belied stickier underlying data and cemented the likelihood of another policy rate hike when the Fed convenes next month.

Gold prices jumped more than 1% on Wednesday after data showed the U.S. Consumer Price Index rose 0.1% last month versus expectations of a 0.2% rise, after advancing 0.4% in February.

A total of 1,700 shares changed hands on the counter till 01:53PM (IST)

Outgoing CEO & MD Rajesh Gopinathan told reporters on Wednesday that the fourth quarter numbers were “definitely weaker-than anticipated.”

Shares of Infosys will be in focus as the company will announce its fourth quarter results later in the evening. The Board will also consider paying a dividend.

The March quarter recorded the highest securitisation volumes since the beginning of the pandemic, with securitisation of retail loans accounting for 90% of the total share. In FY23, mortgage-backed loans formed the largest chunk of the overall volumes at 33%, followed by vehicle loans at 28%. Microfinance loans accounted for 20% of the total share.