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The Environmental Protection Agency spent more than a year investigating whether Louisiana's oversight of industrial air emissions discriminated against Black residents

The NSE Nifty 50 index settled 0.47% lower at 18,989, while the S&P BSE Sensex fell 0.44% to 63,591. Here's how analysts read the market pulse: «Prior to the FOMC meeting, the index faced selling pressure from higher levels but successfully held the 18,940 support level. Immediate resistance on the upside is identified at 19,100, and a breakout above this level may trigger short-covering moves toward the 19,250-19,300 range.

Oil prices rose more than 2% on Wednesday ahead of the keenly watched meeting of the U.S. central bank for clues on interest rate policy, while the conflict in the Middle East remains in focus. Brent January crude futures were up about 2.5%, or $2.08, to $87.10 a barrel by 1316 GMT.

The Dow Jones Industrial Average rose 29.00 points, or 0.09%, at the open to 33,081.87. The S&P 500 opened higher by 7.47 points, or 0.18%, at 4,201.27, while the Nasdaq Composite gained 35.83 points, or 0.28%, to 12,887.06 at the opening bell.

Online Masters Programme, marking an expansion of IIIT Hyderabad's collaboration with TalentSprint, a globally renowned EdTech leader known for pioneering innovative and transformative learning experiences. As part of this collaboration, IIIT Hyderabad will now introduce the Online Masters programme in Computer Science with specialization in the AI/ML domain.

Nifty on Wednesday ended 90 points lower to form a negative candle on the daily chart and indicate the formation of a lower top around 19,230 levels. The short-term trend of the Nifty continues to be weak. It is expected to slide down to the lower support of 18,850 levels (200-day EMA) once again before showing another round of upside bounce from the lows.

ESAF Small Finance Bank will open for subscription on November 3. The issue closes on November 7.

power consumption grew nearly 22 per cent to 138.94 billion units (BU) in October, showing a surge in electricity demand due to festivities and increased economic activities. In the year-ago period, power consumption stood at 113.94 BU, higher than 112.79 billion units recorded in October 2021, according to government data. The peak power demand met — the highest supply in a day — rose to 221.62 GW in October. The peak power supply stood at 186.90 GW in October 2022 and 174.44 GW in October 2021. The power ministry had estimated the country's electricity demand to touch 229 GW during summer. The demand did not reach the projected level in April-July due to unseasonal rain. The peak supply, however, touched a new high of 224.1 GW in June before dropping to 209.03 GW in July. Peak demand touched 238.19 GW in August. In September this year, it was 240.17 GW. Industry experts said power consumption was affected in March, April, May, and June this year due to widespread rainfall.

The NSE Nifty index closed 90.45 points down at 18989.15, while BSE Sensex ended down 283.6 points at 63591.33. On the other hand, Adani Enterprises Ltd.(down 3.37 per cent), Coal India Ltd.(down 2.42 per cent), SBI Life Insurance Company Ltd.(down 2.32 per cent), Asian Paints Ltd.(down 2.04 per cent) and Adani Ports & Special Economic Zone Ltd.(down 1.99 per cent) were among the top losers of the day.

Jindal Steel and Power Ltd (JSPL) share price declined more than 7% during intraday trades on Wednesday post its Q2 results, which were declared after-market hours on Tuesday. The company while reported a strong net profit growth it is the slight extension in expansion timeline and the concerns on rising coal costs that has led to the analysts cutting forward estimates.

Nifty 50 today: Domestic equity benchmarks the Nifty 50 and the Sensex extended their losses into the second consecutive session on Wednesday, November 1, amid mixed global cues ahead of the US Fed policy outcome. Investors remained cautious as they fixed their focus on the US Fed outcome.

rupee fell to 83.2850 against the U.S. dollar on Wednesday, its weakest level in a year, pressured by a drop in most Asian currencies. But likely intervention from the Reserve Bank of India (RBI) capped further losses, traders said.

US Fed policy outcome: 6 key things that will be in the Fed's mind before making a rate decision today (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Barring a few, experts do not expect the Fed to surprise the market by raising or cutting rates as the US economy remains strong and inflation remains above the Fed's 2 per cent target.

Legal respite: China Evergrande's court hearing deferred to Dec 4; judge gives last chance for resolution plan The property developer's dollar bonds last traded at about 2.25 cents on the dollar on Tuesday, according to LSEG data, as bondholders weigh the possible recoveries in the revised restructuring plan against other options like a winding up. A lawyer representing an ad hoc group of key bondholders told a Hong Kong court on Monday the restructuring plan could have a higher recovery rate for creditors than a liquidation scenario of less than 3%.

Page Industries Ltd. slipped 1.24 per cent to Rs 37375.2 in Wednesday's trade. It hit a high of Rs 37937.9 and low of Rs 37363.2 during the session.

Ashok Leyland Ltd. slipped 0.95 per cent to Rs 166.05 in Wednesday's trade as of 01:49PM (IST). It hit a high of Rs 167.7 and low of Rs 165.1 during the session.

Birlasoft has reported a 26 per cent increase in profit after tax (PAT) to Rs 145 crore for the September 2023 quarter. It had reported a PAT of Rs 115 crore in the same period last year, the Pune-headquartered company said in a regulatory filing on Tuesday.

Tube Investments of India Ltd. traded at Rs 3167.5 on BSE at 02:04PM (IST) on Wednesday, up 0.6 per cent. The stock quoted a 52-week low price of Rs 2375.05 and a high of Rs 3737.15.

Geojit Financial Services jumped 14.5% to Rs 68.9 in Wednesday's trade on BSE as the company reported a 58% YoY rise in second-quarter profit at Rs 38 crore as against Rs 24 crore a year earlier. In the quarter, the consolidated revenue stood at Rs 145 crore, up 29% as against Rs 112 crore in the corresponding period of the preceding fiscal. Earnings before investment, tax, depreciation, and amortisation (EBITDA) for the quarter jumped 44% YoY to Rs 59 crore in Q2 FY24 as compared to Rs 41 crore in Q2 FY23. For the first half, revenue increased 22% to Rs 261 crore from Rs 214 crore and it earned a profit after tax of Rs 60 crore during the period, up 30% from Rs 46 crore a year ago. At 1.14 p.m., the scrip was trading 13% higher at Rs 68 on BSE. On a year-to-date basis, the stock has also risen over 40%, while it has declined over 15% in the past 2 years. Technically, the stock's day RSI (14) is at 63.7.

PI Industries Ltd. traded 0.35 per cent lower in Wednesday's session at 01:59PM (IST). The stock opened at Rs 3397.85 and has touched an intraday high and low of Rs 3409.95 and Rs 3355.4, respectively, during the session so far.

The bottomline was higher than an ETNow poll of Rs 2,298 crore, while the topline was largely on expected lines. Operating profit, calculated as earnings before interest, taxes, depreciation, and amortization (EBITDA), for the quarter, rose nearly 8% on year to Rs 3,179.30 crore, but operating margin contracted by 91 basis points to 26.08%. Total expenses in the quarter rose to Rs 9,695 crore, from Rs 8,625 crore a year ago. Raw material costs, however, declined to Rs 1,665 crore, from Rs 2,017 crore a year ago. Investments towards research and development were Rs 773 crore or 6.4% of sales in the quarter, compared to Rs 571 crore or 5.3% of sales in the same period last year. The India formulation business revenue grew 11% on year to Rs 3,843 crore in the reported quarter.