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In the third quarter, the home rental platform saw its net profit climb 46 percent year-over-year to $1.2 billion -- a result that would have been even higher without the negative impact of foreign exchange rates, the California-based company said.

If Powell does signal Wednesday that the Fed may lift its foot slightly off the economic brakes, it could spark a rally in stock and bond prices. Such higher asset prices, though, might then fuel more spending just when the Fed wants to cool things down to throttle inflation.

“We expect a fourth consecutive 75bp hike from the Fed at the November meeting, raising the policy target range to 3.75-4.00%, and the committee to begin a more intensive debate about whether and how to downshift to 50 bps hikes,” Nomura Financial Advisory and Securities said in a note.

Gold is highly sensitive to rising US interest rates, as that increases the opportunity cost of holding the non-yielding metal and boosts the dollar. Falling US Treasury yields supported the precious metals, said Rahul Kalantri, VP-Commodities, Mehta Equities. "Some potentially positive news coming out from China is also positive for the metals market."

Macquarie maintained an outperform rating on Tech Mahindra with a target price of Rs 1230. Another brokerage firm BofA maintained a buy call on Tech Mahindra with a target of Rs 1180. Deal closures need watching in the forthcoming quarters, the brokerage said.

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 632054.41 Crore).

The Nifty Pharma index closed 2.12 per cent up at 13492.05.

TCI Express Ltd. key Products/Revenue Segments include Freight & Demurrage for the year ending 31-Mar-2022.

“Globally markets are waiting for the Fed commentary tonight. 75 bp rate hike is given and already discounted by the markets. So it will be the Fed’s commentary and probable guidance that would be market moving. The Fed is likely to continue with its hawkish stance but any mildly dovish signal will be positive for markets,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.