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The brokerage s shares will trade on domestic bourses for the last time on Friday. As part of the scheme of arrangement, ICICI Bank will issue 67 shares for every 100 equity shares of ICICI Securities held by shareholders.

All three indices are up between 4.7% and 5.2% in the last three days, against the 2.25% upmove in the benchmark Nifty 50. The nervous sentiment in the domestic market has eased of late, tracking the improved mood globally, also with selling by foreign investors subsiding.

But there was substantial disagreement among policymakers about the appropriate path of policy, reflecting uncertainty over how the Trump administration s trade and other policies will play out in the real economy, and how the Federal Reserve should respond.

Garden Reach Shipbuilders and Engineers jumped 20% while Ideaforge Technology and Mazagaon Dock Shipbuilders surged over 10%. Cochin Shipyard rose 8.9% and Mishra Dhatu Nigam and Bharat Dynamics gained 8.4% and 6.4%,respectively. Paras Defense & Space Technologies moved 6.2% while DCX Systems and Hindustan Aeronautics rose over 4% each.

InterGlobe shares gained 3.5% to close at ₹4,978 on Wednesday after the company guided for strong fourth-quarter results at its analyst meet.

A delay in drug approvals in the US market remains a concern for Aurobindo. The company stated that eight ANDAs (abbreviated new drug application) received final approval in the December 2024 quarter while 56 were still pending. According to YES Securities, the revenue contribution of the new approvals will likely be weak in the March quarter.

The Federal Reserve held interest rates steady but signaled plans to reduce borrowing costs by half a percentage point by year s end due to slowing economic growth and anticipated lower inflation. Policymakers noted increased risks and uncertainty, adjusting their inflation outlook and slowing quantitative tightening.

Goldman Sachs sold 8.45 lakh shares of Mahindra Lifespace for ₹28 crore, while Graviton Research offloaded 10.77 lakh shares. Despite a 40% yearly decline, the stock rose 5% today, closing at ₹327.30 on BSE.

Sebi has barred former TV anchor Hemant Ghai and his family from securities markets for five years, citing regulatory violations. Ghai is accused of using his TV position to influence stock prices, benefitting his family through pre-planned trades. Sebi has ordered them to disgorge Rs 6.16 crore of illegal gains and pay additional penalties.

The rupee appreciated by 12 paise to 86.44 per dollar, marking its longest winning streak since September 2024. Exporter dollar sales and foreign inflows supported the rally, pushing the currency to its highest level since January 27.