Sensex Today | Share Market Live Updates: Sensex, Nifty expect muted start; Gift Nifty in green

livemint.com:

Read More)The offer for sale (OFS) in SJVN is set to commence tomorrow for non-retail investors, while retail investors will have the opportunity to bid starting on Friday. The government is planning to divest 4.92% of its equity in SJVN, which includes a Green Shoe option of 2.46%. This divestment will involve the sale of a 4.92% stake in SJVN, with a floor price of ₹69 per share, over the course of a two-day offer for sale, as confirmed by an official source.

(Read More)U.S. stocks slumped Wednesday after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it.The S&P 500 fell 41.75, or 0.9%, to 4,402.20. The Dow Jones Industrial Average lost 76.85, or 0.2%, to 34,440.88, and the Nasdaq composite dropped 209.06, or 1.5%, to 13,469.13.The Fed held its main interest rate steady at its highest level in more than two decades, as was widely expected from its latest meeting.

Officials also indicated they may raise the federal funds rate one more time this year, as the Fed tries to get inflation back down to its target of 2%. Fed Chair Jerome Powell said it's close to hitting the peak on rates, if not there already.Perhaps most importantly for the market, Fed officials suggested they may cut rates in 2024 by only half a percentage point from where they're expected to end this year. That's less than the full percentage point of cuts they were penciling in as of June.