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After reaching record highs at the start of the session, the benchmark Nifty50 ended Wednesday lower in a market marked by significant volatility. Meanwhile, the BSE Sensex finished slightly higher, achieving a new peak, buoyed by gains in private banking shares.

Foreign inflows into Indian bonds will hit a decade-high of $2 billion around June 28, when they will be included in a widely-tracked JPMorgan index, although the central bank will lap up most of the dollars to avoid a knee-jerk rise in the rupee, bankers said.

Gold prices rose Rs 80 to Rs 72,430 per 10 grams in the local market on Wednesday in line with firm trends in the international markets, according to HDFC Securities. The precious metal had closed at Rs 72,350 per 10 grams on Tuesday.

US-based General Atlantic and Asia Opportunities V (Mauritius) plan to sell Rs 830 crore worth of shares in PNB Housing Finance through open market transactions.

Nifty Bank hit a fresh record high at 51,398 on Wednesday. IndusInd Bank, ICICI Bank, HDFC Bank and Axis Bank were among top gains while AU Small Finance Bank and Bank of Baroda saw selling pressure. Though it inched closer to 52,000 in intraday trade, it failed to hold the momentum. The crucial support is placed at 51,000.

Wealthy Indians can use GIFT City to avoid US inheritance tax on offshore investments. IFSCA is seeking tax parity for funds in GIFT City to attract HNI investors.

Shanghai-based Fosun Pharmaceutical Group, the promoter of Gland Pharma, plans to sell up to a 5% stake in the company through a block deal to raise ₹1,435 crore ($172 million). This follows a successful IPO in November 2020 and is managed by UBS, as per a BSE filing. The offer price of ₹1,750 per share represents a 4.

William Graif, a chess enthusiast, has competed in various countries and now focuses on teaching chess to children after participating in the World Corporate Chess Championship.

Ramesh Damani says he remains bullish and would remain invested. Damani says that even though he is not young anymore, he still feels young. So, he does not want to raise too much cash and remain fully exposed to Indian equities.

​The larger ones, the large banks, the large IT companies, the large pharma companies, they are still in that ballpark figure of 15 times to 30-35 times trailing 12-month price to earning multiple.