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“The Nifty50 index failed to hold above the previous day’s high and slowly drifted down towards 17,860 zones. It formed a Bearish candle on a daily scale and closed near its day’s low,” Chandan Taparia, Vice President and Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“Our basic premise is that the next leg of industrial capex will be not just capacity expansion but improvement in efficiency. Because of a lot of competition, all these companies are looking for automation and looking for ways of bringing more productivity. For that, all these companies like Honeywell, ABB and Siemens will play a very major role in Industry 4.0 .”

At 9.16 am, the BSE Sensex was trading 273.92 points or 0.45 per cent higher at 60,620.89. Nifty50 was trading at 18,086, up 82.25 points or 0.46 per cent.

The stock quoted a 52-week high price of Rs 848.0 and low of Rs 595.85.

Foreign brokerage firm BofA maintained a ‘Buy’ rating on the scrip while it raised the target price to Rs 10,500. The target suggests a potential upside of over 14 per cent from current levels.As per BofA, Maruti is set to make a solid comeback. The research firm said the company’s new products and offerings, backed by new design and features, may do well.

"Veranda Learning Solutions announced that the Board of Directors at its meeting held on September 14 has approved subject to the approval of shareholders a preferential issue to raise Rs 300 crore," said the statement."The fund-raising includes an investment of Rs 61.40 crore to be subscribed by the promoters in the form of convertible warrants," it said.

That is the power of Metaverse, a universal virtual world consisting of 3D virtual spaces based on social connection. The technology interests millennials and generation Z, who are bored with static internet pages and social media platforms.

The inflows have added fuel to a bond rally driven by optimism that JPMorgan Chase & Co. will announce the inclusion of Indian debt in its emerging-markets index as early as the middle of this month. Any disappointment may damp sentiment and lead to a selloff, according to Quantum Asset Management Co.

“Overall, there are five pockets where earnings growth will be stronger than the rest of the market and I am talking about where we get a sense that earnings growth will be very strong over the next two to three years. This includes, auto, manufacturing & capital goods, consumer discretionary, banks and IT.”

Foreign investors were net sellers of local shares worth 13.9 billion Indian rupees ($174.43 million) on Wednesday, preliminary official data showed, after being net buyers of $1.2 billion worth of stocks this month through Tuesday.On the debt side, yields on the benchmark 10-year bond rose 8 basis points to 7.2386%, the biggest jump in six weeks.