The daily equity report summarizes the performance of the Indian and global stock markets. The Indian equity benchmark ended over 1% lower due to concerns over escalating inflation from high oil prices. In India, shares of MTNL surged 8% on news of government revival steps, while globally, Asian and European markets were mixed in cautious trading awaiting the outcome of the upcoming Federal Reserve policy statement. The report also provides analysis on market movers, sector indices, FII/DII activity levels, and notable company news like fund raising plans.