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Key domestic benchmark indices indices gave up early gains and settled lower in volatile trade, as market participants keenly awaited cues from US Federal Reserve meeting that ends later in the global day. Nifty opened on positive note, capped the gains and throughout the day traded with mixed sentiments. The market breadth turned negative from positive in late trade.
The Nifty 50 lost 13.65 points and settled the day at 11053.80. Realty sector were the major gainer and PSU Banks were the major loser of the day.

Global Markets
European shares broadly held their ground on Wednesday following limited gains on Asian stock markets ahead of a widely expected rate hike by the Federal Reserve in the United States. Deutsche Bank dismissed as “fictions” speculation that it might seek a merger, after media reports suggested Germany’s biggest lender might seek tie ups with Switzerland’s UBS.

Stock Snippets

Adani Green Energy informed that it won tender for setting up 300 MW wind generation project to be set up anywhere in India and connected through Inter State Transmission System (ISTS).
Godrej Properties announced the addition of a new project in Ghodbunder Road, Thane. Spread across 4 acres, this project will offer approximately 65,000 square meters (approximately 0. 7 million square feet) of saleable area comprising mainly of modern residential apartments of various configurations.
IndusInd Bank announced that it is in the process of acquiring IL&FS Securities Services, subsidiary of IL&FS, following the receipt of the all regulatory approvals.
Gayatri Projects has been declared as L-1 bidder for 3 road projects worth Rs 405 crore awarded by the Bihar State Road Development Corporation and funded by the prestigious Asian Development Bank.
The Board of Bank of Baroda will meet on 29 September 2018 to consider the amalgamation proposal of Bank of Baroda, Vijaya Bank and Dena Bank.
Reliance Communications and its subsidiary, Global Cloud Xchange shared updates on the company’s strategic transformation plan.

Global Markets

Philippines stocks were lower after the close on Wednesday, as losses in the Banking & Financials, Industrials and Services sectors led shares lower.The PSEi Composite lost 0.87%.
Japan stocks were higher after the close on Wednesday, as gains in the Chemical, Gas & Water and Transport sectors led shares higher.The Nikkei 225 added 0.36% to hit new 6-months high.
Taiwan stocks were lower after the close on Wednesday, as losses in the , Textile and Electronic Parts/Components sectors led shares lower.The Taiwan Weighted fell 0.04%.

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