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Indian indices closed higher, driven by gains in financials and Reliance Industries, despite pharma and auto declines. Stocks like Devyani International and BSE saw notable action, while CreditAccess Grameen and Network18 fell.

The corporate sector has presented a comprehensive Budget wish list to Union Finance Minister Nirmala Sitharaman, urging the introduction of reforms to ensure tax certainty, incentivize fresh investments, and stimulate consumption. Business leaders emphasize the importance of a balanced approach that addresses both immediate challenges and long-term structural reforms. This is seen as essential for fostering sustainable growth in the economy.

Indian indices closed higher despite lackluster trading, with auto, FMCG, and pharma stocks weighing. Sensex rose 224 points, while Nifty gained 37 points, signaling potential short-term recovery.

Gargi Chaudhuri remains positive on US equities, forecasting 8% growth in Q4 2024 and 13% for 2025

Bank of Maharashtra (BoM) reported a 36% YoY increase in Q3FY25 net profit, reaching Rs 1,406 crore. Interest earned rose by 22% to Rs 6,324.65 crore, while interest expended grew by 25% to Rs 3,381.38 crore. Despite the strong earnings, BoM shares traded 2.81% lower at Rs 51.26 around 3 pm on Wednesday.

Jio Finance Ltd., owned by Mukesh Ambani, plans to enter the local currency debt market for the first time, likely in the January-March quarter. The funds will be used for onlending to industries. Despite tighter RBI regulations, Jio Finance, with its top AAA credit rating, aims to leverage favorable borrowing conditions. It also offers various financial products and services.

Indian benchmark indices ended a second consecutive day in green on Wednesday, as declines in pharma and auto stocks were offset by gains in heavyweight financials and Reliance Industries, even as concerns over slowing earnings growth kept a lid on the overall gains for blue-chip stocks.

Anshul Saigal of Saigal Capital discusses navigating market volatility through long-term investments in sectors like textiles, retail, and the Adani Group. He highlights opportunities in stocks with earnings growth visibility and emphasizes the importance of understanding market cycles.