Stocks To Watch: ITC, Vedanta, Aurobindo Pharma, Ramco Cements, Glenmark Pharma, Shree Cement

In the spotlight for Wednesday's trading session are several key stocks due to significant developments and market movements:

• ITC: British American Tobacco is set to sell up to a 3.5% stake in ITC for over Rs 17,482 crore through a block trade, putting ITC in sharp focus.
• Vedanta: SEBI has mandated Vedanta to compensate Scottish explorer Cairn with Rs 77.62 crore due to a dividend payment delay, impacting Vedanta's stock.
• Asian Market Trends: The Asia-Pacific stock markets witnessed gains early Wednesday, following a rally on Wall Street sparked by U.S. inflation data surpassing expectations. Notably, Japan's Nikkei 225 and Australia's S&P ASX 200 saw modest increases.
• Global Market Movements: The S&P 500 hit a record high, led by Oracle's share gains, with the Nasdaq Composite and Dow Jones also reporting upward movements. Brent crude and gold prices saw slight increases, reflecting broader market sentiments.
• Indian Equity Market Recap: The NSE Nifty 50 and the S&P BSE Sensex ended mixed in the previous session, with foreign portfolio investors continuing their buying streak for the fifth consecutive session, purchasing stocks worth Rs 73.1 crore.
• Currency and Investments: The Indian rupee strengthened against the U.S. dollar, opening at 82.72. Additionally, Kotak Mahindra reduced its stake in KFin Technologies for Rs 208 crore, signaling active investment movements.

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