Market Update at 12:30 PM: The Indian equity market was seen trading higher in Wednesday’s intra-day session on expectations of an earlier-than-expected India-US trade deal.

At 12:00 PM, the BSE Sensex quoted around 82,694 levels, up 313 points or 0.38 per cent, while the NSE Nifty 50 was at 25,332 levels, gaining 93 points or 0.37 per cent.

Shares of Urban Company made their debut at Rs 161 per share on the BSE, listing at a premium of Rs 58 or 56.31 per cent over the issue price of Rs 103 per share. The IPO listing was broadly in line with expectations from the grey market.

Among Sensex 30 shares, Bharat Electronics (BEL) surged around 2.5 per cent and State Bank of India gained 1.5 per cent. Other visible movers included Maruti Suzuki, TCS, and UltraTech Cement, while Tata

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