"Banks, Autos & Realty stocks helped Benchmark Indices close in the Green as we approached the festive season. Several stocks were seen buzzing around across sectors in the broader markets in today's trade with interested buying witnessed in Sugar stocks on reports of dip in production from Maharashtra on account of deficient rains. Positive Data Points across key metrics in August kept investors on their toes," says S Ranganathan, Head of Research at LKP securities.

The Reserve Bank of India, on Wednesday, said that banks and other lenders must release original property documents to borrowers within 30 days of loan repayment or settlement. If they fail to do so, lenders may have to pay their borrowers a compensation of Rs 5,000 per day, the regulator said in a circular.

The retail inflation for August dipped to 6.83% from 7.44% in July owing to reduction in prices of vegetables, data released by government showed.

However, the inflation is still above the Reserve Bank of India's comfort zone threshold of 6%.

In July, the inflation had skyrocketed after a sharp prices in prices of food, especially tomatoes, across the country.

The Securities and Exchange Board of India (SEBI) is being accused by public interest ligitgation petitioners of ignoring critical alerts from the Directorate of Revenue Intelligence (DRI) regarding alleged stock manipulation by the Adani Group.

What Happened: Four PILs on the Adani-Hindenburg controversy have been brought to the Supreme Court of India, including those by lawyers M L Sharma and Vishal Tiwari, Congress leader Jaya Thakur and law student Anamika Jaiswal.

The Reserve Bank of India (RBI) will gradually unwind its requirement of mandating banks to park an additional 10% of their fresh deposits during a specific period with the central bank.

Starting Saturday, 25% of the incremental cash reserve ratio (ICRR) will be released, followed by another 25% on 23 September. The remaining 50% of the ICRR will be released on 7 October, RBI said in a statement on Friday.