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The rupee last traded at 82.7900 per dollar, compared with 82.6950 in the previous session. The local unit traded in an 82.63-82.80 range on lower-than-usual volumes.

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Strategists also say the market’s reaction could be adverse if the Fed disappoints and reiterates its hawkish stance, which could spoil the party in equities and send bond yields soaring once again. On the other hand, any signals about a pause or slower pace of hikes could spark optimism that bear market days for equities may be numbered.

Indicators such as MACD and RSI were slightly skewed on the negative side. Analysts say that the physiologically-important level of 18,000 is now becoming a make-or-break zone for the index.Options data suggests a broader trading range between 17,600 to 18,600 zones, while an immediate trading range in between 17,900 to 18,300 zones.

“Whatever need was felt for digital currency, it is getting addressed through the CBDC which is also a regulated currency in the sense that RBI has got a complete stock of the currency for an economy which is emerging. There has to be a definite visibility of the total currency and to that extent it goes very well.”

According to an analysis, foreign institutional investors (FIIs) and mutual funds (MFs) have consistently increased their stakes in nine stocks from the BSE universe in the last three quarters of calendar year 2022 (Data Source: ACE Equity)

The Q2 number is not comparable on account of adverse forex movement (MTM) of Rs 138 crore (mark-to-market adjustment on foreign currency loans) vs Rs 6 crore gain in the corresponding quarter of the previous fiscal in the AEML (Adani Electricity Mumbai Ltd) business, the company stated.

The media reports suggest there is a plan to merge the company with its unit, Stock Holding Corporation of India, in order to rescue the state-run lender. The fund infusion in IFCI is aimed at reducing the debt burden of the company ahead of its merger with the unit.

Fusion Micro Finance mobilised Rs 331.2 crore through anchor book ahead of its IPO launch by allotting 89.99 lakh equity shares at Rs 368 apiece to 17 investors, the company said in a filing on BSE.

The capacity of the plant for manufacturing technical Ammonium Nitrate has now been revised from approximately 2.2 lakh MTPA to 2.4 lakh MTPA. The estimated project cost has also been revised higher from approximately Rs 1,170 crore to Rs 1,645 crore, the company said in a BSE filing.