Sensex and Nifty were between gains and losses on Wednesday.

According to financial express,Sensex and Nifty were dancing between gains and losses on Wednesday. S&P bse sensex was inching closer to the 44,000 mark while the 50-stock NSE Nifty was nearing the 12,900 levels. On Wednesday morning global cues were mixed after stock markets in the United States ended with losses but some Asian peers were seen climbing higher during the early hours of trade. Hang Seng and Shanghai Composite were moving higher while TOPIX and Nikkei 225 were down in the red. KOSDAQ was up over 1%.
The Reserve Bank of India placed Lakshmi Vilas Bank under a one-month moratorium and initiated a merger of the Chennai-based lender with DBS Bank India on Tuesday. The troubled lender was under stress for a long time now and RBI’s decision comes as it said there was no credible revival plan. The proposed merger with DBS will include a capital infusion of Rs 2,500 crore into Lakshmi Vilas Bank. According to the Draft scheme of Amalgamation, the entire amount of the paid-up share capital of Lakshmi Vilas Bank will be written off.