Benchmark indices Sensex and Nifty were range-bound in Wednesday’s trade, much in line with Asian peers, as investors globally eye the outcome of the two-day US Federal Reserve’s policy review later today. Analysts are largely betting on a 25 basis points (bps) rate cut, though they do not rule out a bigger 50-bp move. What stock investors would cheer, analysts said, is a small cut with a dovish Fed commentary on future rate cuts.
S&P500
Hydro One Limited, Through its Subsidiaries, Operates as an Electrical Transmission and Distribution Utility in Ontario
Gold Silver Reports (GSR) – Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution utility in Ontario. The company has market cap of $9.45 billion. The firm owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and approximately 123,000 circuit kilometers of low-voltage distribution network; and 306 transmission stations, as well as 1,026 distribution and regulating stations. It has a 18.44 P/E ratio. It serves approximately 1.4 million residential and business clients across the province of Ontario, and large industrial clients and local distribution companies.