After making cautious start, markets extended their gains but in late afternoon session markets went through volatility amid monthly F&O expiry but maintain its previous trend and ended higher for third consecutive day with Nifty and Sensex settling above 23,200 and 76,700 levels, respectively. U.S. Fed left interest rates unchanged at 4.25 percent to 4.5 percent after cutting it three times in a row last year. S&P Global Market Intelligence report said that Indian banks facing margin pressure as loan growth is expected to decline to 12.3 per cent in FY25. Moody's Analytics has said in his report that weak rupee, declining foreign investment and volatile inflation in country. Government launches new credit guarantee scheme for the MSME sector covering loans up to Rs 100cr. Today top gainers on the Sensex were Bharti Airtel up by 2.78%, Power Grid up by 2.59%, Nestle up by 2.15%, Bajaj Finance up by 1.82% and Mahindra & Mahindra up by 1.51% and in Nifty were Bharat Electronics up by 4.32%, Power Grid Corp up by 2.61%, Hero MotoCorp up by 2.59%, Bharti Airtel up by 2.52% and Cipla up by 2.35%.

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CORPORATE NEWS

• Allcargo Terminals executes Power Purchase Agreement with Amokha Green Energy.
• GMDC signs long-term supply agreement with JK Cement.
• Sagility India acquires BroadPath Healthcare Solutions.
• Bajaj Healthcare gets nod for manufacturing of Pimavanserin in India.
• KPI Green Energy signs contract agreement with Coal India.
• Allied Blenders gets nod to acquire upto 51% stake in Good Barrel Distillery.
• Marble City India partners with Porcelanosa Spain.
• Dodla Dairy gets nod for Rs 280 crore capex for setting up new plant & machinery.
• Aditya Birla Capital’s arm secures Rs 830 crore funding from IFC.
• India Post Payments Bank and PNB MetLife partner to expand life insurance.
• Triveni Turbine bags Rs 2.9 billion order from NTPC.
• DVC signs 25-year agreement with Haryana to export 800MW power

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