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Meta stock surged nearly 19% in after-hours trade. If gains hold on Thursday, it would set up the shares for their biggest intraday surge in a decade and added more than $75.5 billion to its existing $401 billion market capitalization.

The Nifty IT index closed 0.93 per cent up at 30018.25.

Policymakers lifted the Fed’s target for its benchmark rate by a quarter percentage point to a range of 4.5% to 4.75%. The smaller move followed a half-point increase in December and four jumbo-sized 75 basis-point hikes prior to that.

"Given the unprecedented situation and the current market volatility the Company aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction," the company said

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Finance Minister Nirmala Sitharaman announced to ramp up capital investment for the third year in a row by 33% to Rs 10 lakh crore

Will Fed officials stand by this guidance or turn a bit dovish will be important to watch out for, and this will decide the course of market direction

Bond, equity markets react; Adani Group officials say no hold co guarantee on any loans. Leverage against Ambuja, ACC cash flows not linked to share price

The source told Reuters the Indian market regulator is also looking into any possible price manipulation of Adani group stocks, as well as examining possible irregularities in the $2.5 billion share sale of the flagship firm Adani Enterprises , which concluded on Tuesday.

For Adani Enterprises, the maximum open interest build-up is seen at Rs 2,200 put strike and Rs 3,000 call strike. For Adani Ports, the maximum open interest build-up is seen at Rs 450 put strike and Rs 700 and Rs 600 call strike prices. Open interest in the February futures contract of Adani Enterprises increased by 8% and by 5.1% on Adani Ports