In a move to safeguard their customers from any financial fraud in the wake of unprecedented ATM security breach, various public and private sector banks led by state-run State Bank of India have either recalled or blocked over 32 lakh debit cards.
Sentiment got a lift from positive Asian indices after Democrat Hillary Clinton is perceived to have won the third and final US presidential debate against Republican Donald Trump in Las Vegas.
The two-day share sale, wherein the government is offloading 15 percent of its equity, attracted bids for over 11.08 crore shares as against 7.20 crore offered to institutional investors on the first day, according to the stock exchange data.
Close to 30 lakh debit cards used in ATMs have been exposed to malware at the back end.
The 30-share index last quoted 183.42 points or 0.66 percent higher at 28,167.79 after moving in range of 28,209.38-28,031.57.
The rupee on Wednesday extended its gains for the second session by adding 5 paise to close at 66.68 against the US dollar on sustained selling of the American currency by banks and exporters.
The BSE benchmark Sensex failed to hold the key 28,000-mark Wednesday as investors booked profits in financial stocks, which led the declines.
Equity mutual funds witnessed an addition of over 15 lakh investor accounts or folios in the first half of the current financial year, primarily on account of strong participation from retail investors.
Wealthy investors continued to have faith in portfolio managers or advisory services as the assets under management of such entities surged to over Rs 11.5 lakh crore in the Indian capital market at September-end.
Strong global cues helped the Sensex climb over 80 points on Wednesday, which extended its previous day's rally amid signs of a firming trend at Asian markets after data showed China's economy is stabilising.
In a smart rebounds, the Indian rupee on Tuesday gained a good 15 paise against the dollar to end at 66.73 on fresh bout of the US currency selling by exporters and banks amid weak overseas sentiment.
All six members of the Monetary Policy Committee (MPC) had favoured rate cut by 0.25 percent on October 4 inorder to spur growth, a report released by the RBI on Tuesday had revealed.
On a super Tuesday, the Indian stock markets were on fire with the Sensex soaring 521 points, its biggest single-day gain in nearly five months, to reclaim the 28,000-mark while the Nifty crossed the the 8,600-mark.
Sensex on Tuesday bounced back from a 3-month low and gained 521 points to reclaim the 28,000 level, led by stocks such as ICICI Bank and Tata Steel.
The Union Cabinet headed by Prime Minister Narendra Modi is likely to meet on Wednesday or Thursday to decide on the date for Finance Minister Arun Jaitley to present the budget for 2017-18.
The benchmark BSE Sensex rose over 200 points in early trade Tuesday tracking poitive Asian cues.
"From October 19, 2016, the Sovereign Gold Bonds issued on September 30, 2016 held in dematerialised form shall be eligible for trading on stock exchanges...," the RBI said.
The central government has managed to open 24 crore bank accounts under the Jan Dhan financial inclusion scheme, towards linking every household with a bank account, Union Finance Minister Arun Jaitley said on Monday.
Joint Secretary in Department of Economic Affairs Saurabh Garg shared the government's point of view and "mentioned that working group has been formed to review the current regulatory policies related to gold".