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Sensex and Nifty recovered significantly on Wednesday following a global rally after consecutive losses. Key stocks in focus included ONGC, which gained 7.45%, PFC up by 4.30%, and Tata Power down 1.31%. Experts advise holding these stocks with strict stop losses, given the present trading volumes and market movement.

Ritesh Jain, a global macro trader, stated that central bankers have overreacted and decided not to raise interest rates due to market volatility, which may revive the yen carry trade. Jain also noted that long-term global economic trends and structural changes continue to favor India, supported by consistent investment flows, despite short-term market fluctuations.

Benchmark equity indices Sensex and Nifty ended over 1% higher on Wednesday, driven by gains in banking, metal, and IT stocks. The S&P BSE Sensex rose by 1.11% to close at 79,468, while the NSE Nifty50 finished just below 24,300.

By acquiring Renom, Suzlon gains valuable expertise in maintaining turbines of various brands, access to seven windy states, a proven track record of fleet growth, and a skilled workforce with technical expertise and established processes.

The company has so far delivered 11 million sq. ft. of housing area and boasts a robust pipeline of approximately 32.2 million sq. ft. of saleable area in forthcoming projects along with 16.4 million sq. ft. of ongoing projects, set for execution over the next 2-3 years

"Continuing with the momentum achieved in FY24, the company reported another stellar performance for the first quarter of FY25. Our operational performance is a testimony of our steadfast commitment to delivering quality products & services to our customers ensuring sustainable profitability and long-term value for all stakeholders," Pradeep Kumar Aggarwal, Chairman and WholeTime Director, said.

The metric reflects the highest value a stock has got over last year. It is a crucial indicator for traders and investors.​

Airbnb Chief Financial Officer Elinor Mertz said on a call with analysts on Tuesday that softness in long booking lead times was a big factor in its forecast.

Indian markets rebounded on Wednesday after three days of declines, with the Sensex up nearly 900 points and Nifty50 rising over 300 points. Key sectors showing gains included PSU, energy, and metals.

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However, silver prices bounced back after four straight days of massive decline. Silver rose by Rs 200 to Rs 82,200 per kilogram from Rs 82,000 per kg in the previous trade, according to the All India Sarafa Association.

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