Stock Market LIVE Updates: Sensex, Nifty trading in a range; IT,

BOJ keeps policy steady, offers bleaker view on exports, output

The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and output, reinforcing expectations the bank will maintain its massive stimulus even as major counterparts eye a withdrawal of crisis-mode support. BOJ also maintained its short-term interest rate target at -0.1% and that for 10-year bond yields around 0%.

Zee EGM to be called off?

Proxy advisory InGovern Research says Invesco Oppenheimer, the largest shareholder in Zee Entertainment Enterprises, may call off its proposed extraordinary general meeting after the media company’s announcement of a merger with Sony India.

Zee-Sony merger: Media stocks on a roll

Price as on 22 Sep, 2021 12:25 PM, Click on company names for their live prices.

It remains to be seen whether the current promoters of Zee with just 4% of the holding can choose to have their own board members and how in the combined entity, the right to select board members would pan out.

– Hemang Jani, Equity Strategist & Senior Group VP, MOFSL

Adani Green trading nearly 2% up. Adani group has announced plans to invest $20 billion over the next 10 years in renewable energy generation and component manufacturing and will produce the world’s cheapest green electron.

Price as on 22 Sep, 2021 12:14 PM, Click on company names for their live prices.

Zee-Sony deal: Here’s what Deepak Shenoy has to say about Punit Goenka continuing to helm the merged entity

Major banks under selling pressure

Price as on 22 Sep, 2021 11:17 AM, Click on company names for their live prices.

Mphasis acquires US-based Blink Interactive for $94 million

Price as on 22 Sep, 2021 10:49 AM, Click on company names for their live prices.

The Nifty has taken support at the 17,300 levels. The direction in the short term is still not clear; we need to keep above 17,600 on a closing basis in order to resume the current uptrend. On the flip side, if we break 17,300 on a closing basis, we will endeavor a further slip to 17,100-17,150. It is a wait and watches the situation.

– -Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

KEC International pares early gains after bagging Rs 1,157 cr orders

The stock gained nearly 4 per cent early in the morning but pared gains on profit booking to 1 per cent. The engineering, procurement and construction major said it has bagged orders worth Rs 1,157 crore across its various businesses. In the transmission and distribution segment, the RPG Group company bagged orders worth Rs 663 crore for projects in the Middle East, Africa, and the Americas.

Jefferies…