Market Update at 4:00 PM: On Wednesday, September 17, Indian equity benchmark indices ended in positive territory, extending the momentum from the previous session. The Nifty 50 closed at a two-month high, rising by 91.15 points, or 0.36 per cent, to Rs 25,330.25. The Sensex advanced by 313 points, or 0.38 per cent, to 82,693.71, supported by optimism over US trade talks and expectations of a Federal Reserve rate cut later in the day.

Public sector banks gained 2.61 per cent after M. Nagaraju, Secretary of the Department of Financial Services, clarified that the government has no plans to reduce its stake below 51 per cent. IT companies, which earn a significant portion of their revenue in USD, rose 0.65 per cent, emerging as the second-highest sectoral gainer.

On the sectoral front,

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