Nvidia, Nokia shares: The US market rally on Tuesday was led by AI giant Nvidia, which made a flurry of announcements Tuesday at its GTC conference, including its partnership with Finnish company Nokia. Nvidia plans to invest $1 billion in Nokia, stating it will use the proceeds to partially fund its AI plans.

In a statement issued on Wednesday, the minister announced a plan to double RSP capacity to 9.8 million tonnes per annum

On the domestic equity market front, the Sensex jumped 595.19 points to settle at 84,466.51, while the Nifty climbed 180.85 points to 25,875.80.

Tenneco Clean Air share price: The initial share sale was solely an offer for sale of 9.07 crore equity shares worth ₹3,600 crore by promoter Tenneco Mauritius Holdings Ltd. As there was no fresh issue component, the company will not get any proceeds from the IPO. The money raised will go to selling shareholder.

In the overseas markets, spot gold jumped for the second session straight, rising by $46.32, or 1.14% to $4,114.01 per ounce. Spot silver advanced 3.09% to $52.26 per ounce.

NIFTY50 regained the lost ground on Wednesday, after closing above 26,000 again. The options data indicate a tight range of trade due to the highest open interest.

At the interbank foreign exchange market, the rupee opened at 88.57 and hit an intra-day high of 88.41 against the greenback.

To further enhance service quality, SEBI is also enabling a second platform for FPI registrations, currently being developed by CDSL, Chairman Tuhin Kanta Pandey.

The sharp rally in silver has led to euphoric demand for silver ETFs in India, which has spiked the premium of ETFs over their iNAVs, making the ETFs a costlier option. Experts believe the supply shortage is not a permanent phenomenon and could soon reverse, which potentially leads to losses for investors.

The Q2FY26 earnings season broadly surprised on the upside, with IT showing resilient performance amidst the sectoral headwinds. Auto, FMCG faced short-term challenges owing to the GST implementation, while public sector banks outperformed their private peers. Metals and mining stocks post strong positive turnaround stories across the board.

Gold prices have stayed in the upper range after breaking out of consolidation in August. The sharp and relentless rally has attracted investors back towards gold. Some prefer to participate through ETFs, some through physical and others via mutual funds. While ETFs and physical gold have mirrored the gold price rise. The DSPWorld Gold Mining Overseas Equity Omni FoF has outperformed the returns of gold and equities in 2025.

The Finance Ministry is seeking public opinion on a draft bill to replace the 80-year-old Central Excise Act, which came into force in 1944. The new bill is likely to be passed in the upcoming budget session. Replacement of the archaic bill will ensure ease of doing business and bring more transparency.