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The BSE benchmark Sensex surged 0.26% to settle at 66,118, while NSE Nifty ended above the 19,700 level.​

The board of power utility company CESC on Wednesday approved the issuance of 30,000 non-convertible debentures on private placement basis to raise Rs 300 crore. "Committee of the board at its meeting held today,

​​ U.S. Treasuries stabilized after their recent heavy selloff, though yields remained near 16-year peaks, keeping the greenback solidly bid. Still strong U.S. economic data has defied investor expectations for a slowdown and the Federal Reserve last week warned that it could raise interest rates again and is likely to hold rates higher for longer.

The Bloomberg report said a full-scale investigation by the Department of Justice focusing mainly on Credit Suisse and potential sanctions violations was now underway.

For the traders now, 19630 would act as a key support level. Above which, the market could continue the positive momentum till 19800-19825. On the flip side, below 19630 uptrend would be vulnerable, said Shrikant Chouhan of Kotak Securities

Global hedge funds placed sizable bearish bets on the American depository receipts (ADRs) of Chinese firms in September, resulting in the value of short interest in these shares surging to $2.1 billion as of Sept. 22, the bank said in a report, citing IHS Markit data.

H&M, whose biggest rival is Zara owner Inditex, said September sales would fall by 10% year-on-year measured in local currencies. That compares with Inditex reporting a 14% rise in sales between Aug. 1 and Sept. 11.

The group said at an investor day that it expects to distribute about 44% of its cash flow to shareholders in 2023 and set a target of more than 40% beyond 2023.

The 10-year benchmark 7.18% 2033 bond yield ended at 7.1704%, after closing at 7.1441% in the previous session, a trader with a private bank said.