Indian Investors Await Fed Meeting Outcomes

The BSE Sensex and Nifty 50 remained stable as investors awaited the upcoming Federal Reserve meeting. In the steel sector, companies are optimistic about a proposed recycling mandate for automakers which could enhance scrap availability and cut emissions. NMDC aims to increase its production capacity from 45 MT to 100 MT by 2030, focusing on sustainability. Protests in Himachal Pradesh over a mosque built on encroached land highlight ongoing community tensions, while the renewable energy sector reports a significant job growth of 23.7% in FY24. Additionally, Wipro has implemented a stricter office attendance policy, requiring employees to work on-site at least three days per week. In Kolkata, the medical community continues its strike following the tragic murder of a junior doctor, which has sparked public outcry and protests against the government.