Tata Power Company Ltd is quoting at Rs 445.75, up 0.15% on the day as on 12:44 IST on the NSE. The stock is up 70.13% in last one year as compared to a 28.01% gain in NIFTY and a 55.32% gain in the Nifty Energy.

NTPC said that the Union Government has accorded approval to the proposal for the formation of Anushakti Vidhyut Nigam (ASHVINI), a joint venture between the company and Nuclear Power Corporation of India (NPCIL).

Welspun Living added 2.47% to Rs 182.35 after its subsidiary, Welspun USA Inc has approved acquisition and investment of $300,000 in, a newly incorporated company, Christy Home Inc on 17 September 2024.

Torrent Power added 3.35% to Rs 1839.65 after the company announced that it has emerged as a successful bidder and has received letter of intent (LOI) for a pump storage project from MSEDCL.

The US dollar is staying muted below 101 mark on Wednesday with all eyes glued to Federal Reserves interest rate decision due later in the global day. The Fed is anticipated to lower the Fed funds rate, which currently stands at a 23-year high of 5.25%-5.50%. This would be the first rate cut since March 2020. Headline annual inflation rate in the US also slowed for a fifth consecutive month to 2.5% in August, the lowest since February 2021 while the annual core rate stood at an over three-year low of 3.2%. Currently, the dollar index that measures the greenback against a basket of currencies is quoting at 100.55, down marginally on the day. Yesterday, DXY gained upward momentum following the release of strong US Retail Sales data. Retail sales increased by 0.1% month-over-month in August, following a revised 1.1% growth in July. This data points to resilient consumer spending.