Stock market live updates: As of 7:45 AM, the SGX Nifty Futures quoted at 16,475 levels, indicating a downside of 8 odd-points on the Nifty50.

stock market, markets, bull, bear, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown

<b>CLOSING BELL<br />
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Stock market highlights:&nbsp;</b>Domestic markets erased morning losses and turned sharply higher on Wednesday as a broad-based rally ensued on Dalal Street. The markets seemed unnerved ahead of the US Federal Reserve&#39;s policy outcome later tonight, and rather focused on falling bond yields and domestic corporate earnings.<br />
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	The S&P BSE Sensex surged 548 points, or 0.99 per cent, to settle at 55,816. The Nifty50, meanwhile, closed at 16,642, up 158 points or 0.96 per cent.<br />
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	<strong>ALSO READ:<a href="https://www.business-standard.com/article/international/us-fed-rate-hike-will-intensify-market-risks-for-asia-s-central-banks-122072700270_1.html" target="_blank">&nbsp;US Fed rate hike will intensify market risks for Asia&#39;s central banks</a></strong><br />
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	Sun Pharma, Divis Lab, L&T, Asian Paints, SBI, TCS, Ultratech Cement, and Grasim led from the front, rising over 2 per cent each. Bharti Airtel, Bajaj Auto, Kotak Bank, Reliance Industries, and HDFC Life, on the flipside, were the only losers, down up to 1 per cent.&nbsp;</div>
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	The rally was across-the-board with the Nifty Pharma and PSB indices climbing over 2 per cent each, followed by the Nifty IT index (up 1.7 per cent), and the Nifty Bank index (1 per cent).</div>
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<strong>BS SPECIAL: <a href="https://www.business-standard.com/article/markets/explained-how-2-mdr-on-rupay-upi-may-affect-credit-card-industry-122072700513_1.html" target="_blank">How SBI Card, Paytm may benefit from 2% MDR on RuPay-UPI credit cards</a></strong><br />
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	The broader BSE MidCap and SmallCap indices underperformed at the bourses as they advanced up to 0.90 per cent.&nbsp;</div>
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	<strong>Global markets</strong></div>
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	European markets were cautiously higher on Wednesday as investors looked ahead to the latest monetary policy decision from the US Federal Reserve. The pan-European Stoxx 600 added 0.2 per cent in early trade, with banks climbing 1.5 per cent to lead gains while basic resources slid 0.9 per cent.</div>
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	On Wall Street, Nasdaq and S&P500 futures gained over 1 per cent, while Dow Jones Futures were up 0.5 per cent. Earlier in Asia, also indices ended higher except those in China and Hong Kong.&nbsp;</div>
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Stock market live updates: As of 7:45 AM, the SGX Nifty Futures are quoted at 16,475 levels, indicating a downside of 8 odd-points on the Nifty50.

TCS, Infy, SBI lift Sensex 548 pts ahead of Fed outcome; Nifty tops 16,600

Business Standard

TCS, Infy, SBI lift Sensex 548 pts ahead of Fed outcome; Nifty tops 16,600 | News on Markets - Business Standard

CURRENCY ALERT: Rupee opens 5 paise weaker at 79.83/$

Stocks on investor watch today: Tata Motors, Maruti Suzuki, Asian Paints, L&T, Telecom

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	Stocks to watch today: Bajaj Finance, Tata Motors, and Maruti Suzuki will report their June quarter results on Wednesday, July 27; United Spirits reported five-fold jump in net profit in Q1FY23. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-tata-motors-maruti-suzuki-asian-paints-l-122072700116_1.html" target="_blank"><strong>Read more</strong><br />
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	<img alt="stocks, markets, stock market, broker, trader" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2020-12/17/full/stocks-markets-stock-market-broker-trader-1608188040-96082620.jpg?im=Resize,width=640" /></a></div>

Here's why Vinay Rajani recommends buying Ajanta Pharma, TTK Prestige

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	The technical analyst also recommends to hold Nifty longs with a stop at 16,300; on the upside, he expects resistance for the NSE benchmark around 16,800. <a href="https://www.business-standard.com/article/markets/here-s-why-vinay-rajani-recommends-buying-ajanta-pharma-ttk-prestige-122072700120_1.html" target="_blank"><strong>Read here</strong><br />
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	<img alt="NSE, national stock exchange, nifty50" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-02/25/full/1614199664-3584.jpg?im=Resize,width=640" /></a></div>

Earnings radar: Asian Paints Q1 net profit up 79% to Rs 1,017 crore; revenue up 55%

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	The paints major saw its revenue increase 55 per cent to Rs 8,579 crore during the quarter under review. <a href="https://www.business-standard.com/article/companies/asian-paints-q1-net-profit-up-79-to-rs-1-017-crore-revenue-up-55-122072601154_1.html" target="_blank"><strong>Read more</strong><br />
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	<img alt="Higher costs take colour off Asian Paints" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-07/26/full/1501090502-8852.jpg?im=Resize,width=640" /></a></div>

Earnings radar: L&T Q1 results: Net profit rises 45% to Rs 1,702 cr; revenue up 22%

Engineering major Larsen &amp; Toubro on Tuesday reported 45% jump in consolidated net profit (attributable to owners) at Rs 1,702 crore for the quarter ending June 30, 2022. <a href="https://www.business-standard.com/article/companies/l-t-q1-results-net-profit-rises-45-to-rs-1-702-cr-revenue-up-22-122072600946_1.html" target="_blank"><strong>Read here</strong><br />
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<img alt="L&amp;T Q4 net increases 10% to Rs 3,621 cr, firm declares dividend of Rs 22" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/12/full/1652370372-3664.jpg?im=Resize,width=640" /></a>

DIIs partially balance foreign outflows: Buy Rs 999 cr of shares Tuesday

FPIs back to selling: Sell Rs 1,548 crores of shares Tuesday

Tech stocks in focus: US tech giants report better-than expected earnings

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		*SHARES OF GOOGLE-PARENT ALPHABET JUMP 3% AFTER EARNINGS AS SMALL SALES MISS EASES INVESTOR FEARS - <a href="https://t.co/JPkIPqtmhA">https://t.co/JPkIPqtmhA</a> <a href="https://twitter.com/search?q=%24GOOGL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOGL</a> <a href="https://t.co/Vv7fSXtuM2">pic.twitter.com/Vv7fSXtuM2</a></p>
	&mdash; Investing.com (@Investingcom) <a href="https://twitter.com/Investingcom/status/1552031744626462722?ref_src=twsrc%5Etfw">July 26, 2022</a></blockquote>
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EU bloc agrees to cut use of Russian gas by 15% through next winter

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		BREAKING: EU member states agree to cut use of Russian gas by 15% through next winter</p>
	&mdash; The Spectator Index (@spectatorindex) <a href="https://twitter.com/spectatorindex/status/1551875947959578630?ref_src=twsrc%5Etfw">July 26, 2022</a></blockquote>
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Rupee depreciates 3 paise to close at 79.77/$ Tuesday

SGX Nifty flat; muted open likely for markets

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	<img align="left" alt="chart" class="imgCont" height="200" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/27/full/1658890979-1627.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="475" />
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		source: investing.com</div>
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Oli price update: Brent Crude flat at $104/bbl

Global update: Australia retail inflation rises to 6.1% on-year in Q2

US equity futures attempt recouping losses in cash market

Asian markets track weakness in global peers

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	<img align="left" alt="Chart" class="imgCont" height="179" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/27/full/1658890275-3928.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Chart" width="436" />
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		source: finance.yahoo.com</div>
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