Continuing its uptrend for the second straight day, the rupee surged by another 27 paise to end at over three-week high of 67.63 even as the Reserve Bank unexpectedly kept policy rates steady.
During April-September 2016, as many as 57 firms raised a total of Rs 17,317 crore through initial public offers (IPOs), higher than Rs 4,904 crore mopped-up by 39 companies in the year-ago period.
A majority of the 56 analysts polled by Reuters had expected a rate cut of at least 25 basis points, though 18 had forecast policy would remain unchanged.
Sensex and Nifty edged up on Wednesday on hopes the central bank would cut interest rates later in the day as Prime Minister Narendra Modi's currency gamble threatens to hit nearly every aspect of the economy, from consumers to supply chains.
Shares of Sun Pharmaceutical Industries fell as much as 4.55 per cent to hit intraday low of Rs 674 after the Bombay Stock Exchange sought clarification from Sun Pharma.
The Sensex and Nifty edged higher in early trade on Wednesday ahead of Reserve Bank of India's monetary policy review.
Median consensus in poll of nearly 50 equity strategists and brokers taken over the past week found BSE Sensex would rise nearly a percent to 26,650 points by end of December.
On Dalal Street most of the sectors were witnessing buying interest barring a few pharma stocks.
Wall Street climbed on Tuesday as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high.
The ECB is expected to change the terms of its asset-purchase programme to alleviate a shortage of bonds and to extend the programme beyond its current end date in March 2017.
The rupee staged a strong recovery by gaining 31 paise to end at 67.90, its highest level in three weeks, on heavy dollar selling amid expectations of a rate cut by RBI.
The group's Australian operations head announced an agreement with the Queensland government to hire local workers.
Tata Power shares were up 2.73% higher at Rs 75.25 apiece on the BSE, whose benchmark Sensex index was up 80.5 points, or 0.31%.
The anchor investors included Goldman Sachs India, Nomura Trust and Banking, SBI Mutual Fund, DSP BlackRock and ICICI Prudential Mutual Fund.
The BSE Sensex and the Nifty opened higher on Tuesday, tracking positive global cues. Analysts say Nifty may bounce back towards 8,250 in the near term. Meanwhile, NDTV Profit spoke to four analysts who shared their trading strategies.