Indian market closed with a positive bias, as BSE Sensex and Nifty50 saw gains, led by auto, FMCG, realty, and IT sectors. Biocon, RBL Bank, and HDFC AMC hit fresh 52-week highs. Analysts suggest monitoring Biocon for a breakout above 425, RBL Bank for profit-booking, and HDFC AMC's bullish trend with resistance at 5,453.
Bangladesh is facing a major political crisis. Several people have died in Gopalganj due to violence. The Army launched a crackdown after Islamists rioted. Nobel laureate Muhammad Yunus is the interim head. He says a peaceful rally was attacked. The Awami League condemns the Army's actions. They allege the Army is biased and supports Yunus.
Reliance Infrastructure and Reliance Power boards approved plans to raise Rs 6,000 crore each via QIP or other modes. Both firms also cleared NCD issues worth Rs 3,000 crore.
Indian brokerage Angel One on Wednesday posted a 61% fall in first-quarter profit, as tighter rules for equity derivatives trading in India weighed on retail activity, a key driver for the brokerage's earnings.
The board of Reliance Power on Wednesday approved a Rs 6,000 crore worth fundraising plan via the Qualified Institutions Placement (QIP) and other modes.
