Moneycontrol Bureau12:50 am Buzzing: HCL Technologies shares climbed 1.5 percent intraday on bagging a contract to provide application management services for the Western Australia-based company.
"HCL will transform and support Synergy's digital and business applications landscape enabling consolidation and rationalisation in the changing energy environment," the IT company said in its filing.
Synergy is Western Australia's largest electricity generator and retailer of gas and electricity.
At the same time, HCL said it would partner with Ignia, an insight company, to implement next generation digital services.
12:40 pm Europe opens: European stocks opened higher shrugging off market jitters over central bank uncertainty and a renewed drop in oil prices.
The pan-European STOXX 600 was up 0.41 percent.
European bucked the negative trade seen in Asia and the US on Tuesday where uncertainty over central banks' next moves worried investors.
The US Federal Reserve meets next week on September 20 although the chances of a rate hike remain slim. Market expectations for a Fed rate hike next week were 15 percent Tuesday, according to the CME Group's FedWatch tool.12:12 pm FII View: While there has been weakness in the trend momentum for the US market, Nifty might reach its highest level in months, said Daryl Guppy, CEO, guppytraders.com.
Speaking to CNBC-TV18, he said Nifty is the strongest and the most stable of all global charts.
He advises investors to trade the Nifty index itself rather than its constituents as he sees too much volatility in Nifty constituents. Further, banks are a trading opportunity rather than investment opportunity, Guppy added.Also read - ICICI Pru Life can retain leadership without acquisition: Chanda Kochhar12:00 pm Market Check
The volatility in equity benchmarks continued in noon trade with the Nifty hovering in a range of 8695-8720 as investors remained cautious ahead of central banks' meeting.
The Sensex was down 31.36 points at 28322.18 and the Nifty down 3.70 points at 8711.90 whereas the BSE Midcap and Smallcap indices continued to outperform, rising over 0.6 percent.
About 1485 shares advanced against 872 declining shares on the exchange.
Wholesale Price Index inflation increased to 3.74 percent in the month of August compared with 3.55 percent in preceding month.
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