CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC

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<b>CLOSING BELL<br />
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Stock market highlights:&nbsp;</b>After falling as much as 300 points during the day, the benchmark S&P BSE Sensex recouped all of its losses to end at 60,298, up 38 points or 0.06 per cent. The NSE Nifty50, too, recovered from a low of 17,852 to settle at 17,965, up 21 points or 0.12 per cent.<br />
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	The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC. However, the stocks that kept the indices under pressure during the day included Infosys, TCS, Axis Bank, ICICI Bank, and Wipro.<br />
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	The broader BSE MidCap and SmallCap indices, meanwhile, outperformed the frontline indices throughout the day and closed up to 0.4 per cent higher.<br />
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	Among sectors, the Nifty Metal and Realty indices gained over 1 per cent each, while the Nifty IT fell 0.7 per cent.<br />
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	<strong>Sensex at 60,000: What next?</strong></div>
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	It has been mostly a one-way street for equity markets since July 2022. The S&P BSE Sensex and the Nifty50 have rallied around 13 per cent each since then. The gains in the mid-and small-caps have been sharper with both these indices on the BSE surging around 14 per cent each during this period. <a href="https://www.business-standard.com/article/markets/sensex-reclaims-60-000-mark-what-should-your-market-strategy-be-now-122081800305_1.html" target="_blank"><strong>READ MORE</strong></a></div>

STOCK MARKET LIVE: Nifty, Sensex, US FOMC, Inflation, Rate hike, Crude oil, FII

Business Standard

STOCK MARKET LIVE: Nifty, Sensex, US FOMC, Inflation, Rate hike, Crude oil, FII | News on Markets - Business Standard

Stocks on radar: GAIL, Sona BLW, ONGC, Natco Pharma, RIL, Airtel, Vodafone

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	Stocks to Watch: Blackstone Inc. is seeking to raise as much as Rs 3,180 crore ($400 million) through the sale of shares in Indian automotive component maker Sona Comstar. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-gail-sona-blw-ongc-natco-pharma-ril-airtel-vodafone-122081800116_1.html" target="_blank"><strong>Read here</strong><br />
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	<img alt="Equity market" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/22/full/1658475843-135.jpg?im=Resize,width=640" /></a></div>

WATCH | Will higher FD rates lure equity investors?

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	In its attempt to bring down inflation, the RBI is making banks jack up their deposit rates to fund loan demand. Will rate hikes lure equity investors to safer bank assets? Find out in this report</div>
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<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="401" src="https://www.youtube.com/embed/T5MxLY8HZ6Y" title="Will higher FD rates lure equity investors?" width="713"></iframe>

DIIs sell Rs 510 crore of shares Wednesday

FIIs buy Rs 2,347 crore of shares Wednesday

Rupee closes 6 paise weaker at 79.45/$ on Wednesday

Oil prices nearly flat: Brent Crude at $93.6/barrel

SGX Nifty in red; quiet open likely for markets

US FOMC minutes: Need for restrictive policy amid no signs of relief from inflation

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	*FOMC MINUTES: SOME OFFICIALS SAY APPROPRIATE TO MAINTAIN RESTRICTIVE POLICY &#39;FOR SOME TIME&#39;</div>
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	*FOMC MINUTES: OFFICIALS ANTICIPATE &#39;ONGOING INCREASES&#39; FOR FEDERAL FUNDS RATE</div>
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	*FOMC MINUTES: OFFICIALS SAY MOVE TO RESTRICTIVE POLICY STANCE &#39;REQUIRED&#39; TO MEET DUAL MANDATE</div>
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	*FOMC MINUTES: MANY OFFICIALS SAW RISK FED COULD TIGHTEN MORE THAN NECESSARY</div>
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	*FOMC MINUTES: OFFICIALS SAW A SLOWER PACE OF RATE HIKES AT SOME POINT<br />
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	Source: investing.com</div>

US markets in negative zone on Wednesday: Dow Jones down 150pts

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Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers