Gujarat Natural Resources sold 12.09 percent stake in Amrapali Fincap in open market on September 17.
"The short term trend of Nifty continues to be weak.The Nifty not showing follow-through weakness today, after a sharp fall of last session could be a relief factor for the bulls to make a comeback from the lower levels," Nagaraj Shetti, Technical Research Analyst at HDFC Securities said.
Some more consolidation or minor weakness is likely in the short term, before showing another round of upside bounce from the lows, he added.
Crucial lower support to be watched is at 10,750 levels, he said.
Laurus Labs said company would buy Pharmacare subsidiary for 75,000 South African rands.
OBC said ICRA revised outlook of bonds from 'stable' to 'rating watch with positive implications'.
The Indian rupee ended at 71.23 against the US dollar, 55 paise compared to Tuesday's close of 71.78 a dollar. The currency posted biggest single-day gain against dollar since March 2018.
"Going forward, market is likely to remain rangebound. The focus would be on Central banks globally with US Fed announcing its policy today evening and Bank of Japan and Bank of England meeting tomorrow. Markets would continue to track development in the Gulf region which could keep things volatile," Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial Services said.
On the domestic side, the GST council meeting on 20th Sept (Friday) will hold importance as markets are expecting some tax relief – especially for the auto sector – which looks difficult given the current revenue shortfall for the government, he added.
Technical View: Nifty forms inside bar candle, consolidation likely as supports hold
After opening sharply higher, the Nifty has a roller-coaster ride to close moderately higher on September 18, as traders waited for the outcome of the two-day Federal Reserve committee meeting later in the day.