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The Competition Commission of India rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an entity cannot be a subject of probe.

The dollar index, which measures the currency against six major peers including the yen, euro and sterling, was little changed at 109.750, after surging 1.44% overnight, its biggest one-day percentage gain since March 2020.

UK-based investment company Abrdn is planning to sell up to 4.3 crore sales or 2 per cent of HDFC Life Insurance player outstanding shares through a block deal to raise over Rs 2,425 crore.

"Corporate flows helped the rupee to gain against the dollar," said Anil Bhansali, head of treasury at Finrex Treasury Advisors. "With overseas investors turning net buyers of local securities the sentiment is also weighing on the rupee. We could see fresh buying interest from oil companies at 79.05 level."

Compared to this, the current outstanding stock of government securities is Rs 84.71 lakh crore across 100 instruments as of June 2022 while trading volume in G-Secs was Rs 126.6 lakh crore in FY22 which is about seven-times of the trading in corporate bonds.

Economists had expected a small monthly decline amid falling energy prices, paving the way for the U.S. central bank to perhaps slow the pace of its rate hikes in coming months. But the report showed accelerating inflation in services and a particularly worrisome rise in the cost of rent, which tends to be sticky from one month to the next.

Also, the company fixed the record date which is the date based on which investors’ eligibility for the dividend payout is determined. The filing further read, “Further, pursuant to Regulation 42 of the Sebi Listing Regulations, the record date for the purpose of determining the members eligible to receive the Interim Dividend has been fixed as Friday, 23 September 2022.

Like the Nifty50 index, Nifty Bank extended its gains for the fourth straight session and rose 0.74 per cent, almost in line with its headline peer.The banking index continued the momentum it had in the early hours of trade and managed to hit the intraday high of 40,904.30 on Tuesday.

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The Dow Jones Industrial Average slid 641 points, or 2%. The S&P 500 dropped 2.4%, and the Nasdaq Composite sank more than 3%.