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.

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<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

Major European markets close with cuts Tuesday

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	<img align="left" alt="Chart" class="imgCont" height="347" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/27/full/1658890046-93.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Chart" width="564" />
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		source: Reuters</div>
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US markets jittery on Tuesday; NASDAQ Composite down 1.8%

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

CLOSING BELL: Sun Pharma, Divis Lab, L&T, Asian Paints, SBI, TCS, Ultratech Cement, and Grasim led from the front, rising over 2 per cent each

Major European markets close with cuts Tuesday

US markets jittery on Tuesday; NASDAQ Composite down 1.8%

Good morning readers! Catch all live market updates here with Business Standard