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Nifty placed at the highs, but that’s not any confirmation of any significant reversal pattern building at the highs. Again, weakness below 23,300 levels could be considered as a short-term top reversal pattern.

When we actually look at the Strike Valuation Charts that we have on our platform, it shows the stock at minus two standard deviations, so that is an extreme in terms of the long-term valuation graph and when you are at that kind of level, definitely at some point of time interest had to get generated and you are starting to see that, now that is only one item and slowly you are seeing the momentum build up in the other private banks as well.

"The Central Board at its meeting held today accorded approval for raising long term bonds up to an amount of Rs. 20,000 crore through a public issue or private placement, during FY25," SBI said in a filing.

​The BSE Auto index is among the best-performing sectors in CY24, and has increased by about 38% so far. Out of the 16 stocks in the auto index, 13 have seen gains ranging from 20% to 95%.

A total of 243,551 shares changed hands on the counter till time (IST).

Indian stocks initially surged to all-time highs at the opening on Wednesday but later retreated due to declines in energy and state-owned companies, which had previously experienced significant gains.

The net proceeds from the DEE Development Engineers IPO will be used towards funding working capital requirements, debt repayment, and other general corporate purposes. Analysts suggested investors to subscribe to the IPO as the company is the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential.

Cryptocurrencies surged on Wednesday, led by Ethereum and Altcoins as soft U.S. retail sales data reinforced expectations of Federal Reserve rate cuts. BTC traded 0.2% higher at $65,568, while Ethereum rose 3.6% to $3,560.

Futures and options (F&O) trading involves contracts that derive their value from an underlying asset, such as stocks and commodities. Futures contracts obligate the buyer and seller to transact at a predetermined future date and price, while options give the holder the right, but not the obligation, to buy or sell the asset at a set price within a specific period.

Bulls likely to dominate with fresh long positions on United Spirits, Cholamandalam Investment, Laurus Labs, IDFC First Bank, and Aditya Birla Capital as stock prices and open interest increase.