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Market Live: Sensex, Nifty higher post Fed statement; Coffee Day sinks | The GRS Solution

Market Live: Sensex, Nifty higher post Fed statement; Coffee Day 
sinks | The GRS Solution :-
9:50 am Pre-opening trade: Matrimony.com share price settled at Rs 985 per share in pre-opening trade.

Dishman Carbogen settled at Rs 350 per share and Lasa Supergenerics Rs 140 in pre-opening trade.
9:35 am I-T Raid: Income Tax Department has conducted a search operations at multiple locations of Cafe Coffee Day, the leading retail coffee chain in India.
Search operations are underway at residence of VG Siddhartha, CMD of the Cafe Coffee Day.
Coffee Day Enterprises shares fell nearly 5 percent.
9:25 am Buzzing: Shares of OM Metals Infraprojects touched 52-week high of Rs 80.50, adding more than 18 percent intraday on the back of share acquisition by Porinju's firm Equity Intelligence.
On September 20, 2017 Equity Intelligence India [PMS], where Porinju Veliyath is a Founder & CEO, has bought 7,30,000 shares (0.75 percent) at Rs 62.70. Also, EQ India Fund bought 5,75,000 shares at Rs 62.24 of the comapny.
However, Udgam Commercial sold 14,10,000 shares at Rs 62.23.
As on June 2017, Udgam Commercial was holding 41,18,040 equity shares (4.28 percent) in the comapny.
9:16 am Fed statement: The US Federal Reserve left interest rates unchanged on Wednesday but signalled it still expects one more increase by the end of the year despite a recent bout of low inflation.
The Fed, as expected, also said it would begin in October to reduce its approximately USD 4.2 trillion in holdings of US Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial crisis.
New economic projections released after the Fed's two-day policy meeting showed 11 of 16 officials see the "appropriate" level for the federal funds rate, the central bank's benchmark interest rate, to be in a range between 1.25 percent and 1.50 percent by the end of 2017, or 0.25 percentage points above the current level.
9:15 am Market Check: Equity benchmarks opened marginally higher on Thursday after Federal Reserve monetary policy meeting.
The 30-share BSE Sensex was up 42.42 points at 32,442.93 and the 50-share NSE Nifty rose 10.95 points to 10,152.10.
Tata Steel, Dr Reddy's Labs, Sun Pharma, Lupin, Hindalco, Infosys, HCL Technologies and Reliance Industries gained up to 2 percent.
TCS, Bank of Baroda, ICICI Bank and Ambuja Cements were under pressure in early trade.
Nifty Midcap was up 0.12 percent on positive breadth. About two shares advanced for every share falling on the NSE.
Novartis India, Om Metal Infra, Den Networks, MEP Infra, Bombay Dyeing, ITDC, Munjal Auto, Goa Carbon, Kamat Hotels and Shoppers Stop rallied 2-16 percent.
Reliance Capital fell a percent ahead of Reliance Home Finance listing tomorrow.

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