Indian markets are expected to remain range-bound with 8–9% Nifty returns over the next year, says Jefferies’ Mahesh Nandurkar. Strong domestic inflows support downside, but equity supply and weak FPI participation cap significant upside, keeping consolidation intact.

Sensex rose 313 points to 82,693 as seven BSE 200 stocks hit 52-week highs, signaling bullish momentum. Gains ranged from 5% to 22% across auto, steel, industrial, and banking sectors.

Erstwhile Indiabulls Asset Management Company (now known as Groww AMC), its schemes and former officials on Wednesday settled a case with Sebi pertaining to alleged violations of alternative investment fund rules after collectively paying Rs 1.43 crore.

Gold prices retreated from peak levels and traded Rs 1,300 lower at Rs 1,13,800 per 10 grams in the national capital on Wednesday, as investors rushed to book profits ahead of the US Federal Reserve s policy decision.

Metal major Vedanta s shares fell nearly 4% on Wednesday to hit the day s low of Rs 471 after its demerger plans received another setback. The government reportedly doubled down its objection, accusing the proposed demerger scheme of being a tactic to hinder the recovery of its dues.

Six NSE midcap stocks show extremely high TTM P/E ratios, signaling strong investor growth expectations but potential overvaluation. FSN E-Commerce, Paytm, BHEL, and others lead the list.

State Bank of India (SBI) has divested its 13.19% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 8,889 crore at Rs 21.50 per share, following approvals from the RBI and Competition Commission of India (CCI). As part of the RBI’s ‘Reconstruction Scheme 2020’, a consortium of eight banks led by SBI executed equity commitments in Yes Bank.

Aluminium prices are hovering near a six-month high amid supply concerns, with LME stocks plunging and Chinese output capped by annual limits. Experts suggest buying on dips toward Rs 256-258 with targets of Rs 266-268, implying up to 4% short-term upside.

Euro zone government bond yields edged lower on Wednesday ahead of a widely-expected U.S. Federal Reserve rate cut later in the day, with focus on any cues over the extent of easing the Fed may deliver this year.