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Stocks that were in focus include names like Fine Organic which rose over 15 per cent, Elgi Equipments which added over 3 per cent, and Eicher Motors which gained nearly 2 per cent.

"Is the worst behind us? Well, that’s a bit early to judge currently, as the global tightening and rate hikes could very well lead to a slowdown in growth in the second half of the year, which could in turn affect market sentiment. And Indian equity markets will be broadly guided, directionally, by the global market trends. But at this point, markets are aware of most of the risks, and are slowly preparing for the additional rate hikes and the ensuing impact on growth."

“We continue to like some of the large private banks including ICICI Bank, Axis Bank. In PSUs, we like SBI and even HDFC. It has been almost three years of subdued performance. Also some of the small mid-sized banks are now showing signs of a cleaned up balance sheet; something like an IDFC First Bank.”

Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 22868.01 Crore) operating in Consumer Durables sector.

The global cryptocurrency market cap was trading higher at the $1.15 trillion mark, rising as much as 6.49 per cent in the last 24 hours. The total trading volume climbed almost 29 per cent, close to $87.71 billion.

Gasoline product supplied rose in the most recent week to 9.1 million barrels per day, though that figure still shows demand down 6% over the past four weeks compared with the year-ago period.

Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.

Sundaram Home Finance recorded a sixfold jump in the volume of FDs in June over May after the interest rate was hiked. The Chennai-based HFC witnessed gross receipts of Rs 6-7 crore in May this year. Then the gross receipts rose to over Rs 40 crore in the following month after the first rate revision. It further spiralled in the next month in the wake of the second revision. The company registered gross receipts of close to Rs 60 crore in July alone.

Both the S&P 500 futures and Nasdaq futures rose more than 0.3% on Wednesday. The S&P 500 rose more than 2% during the previous session while the Nasdaq Composite closed 20% above its recent closing low in June.

State Bank of India has dragged Simbhaoli Sugars to bankruptcy over a Rs 395 crore loan.