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The Nifty Pharma index closed 2.33 per cent up at 12628.95.

Ethereum, Polkadot and Polygon rallied between 15-17 per cent each. Cardano, Solana and Bitcoin also posted double-digit rises. The global cryptocurrency market cap was at the $1.06 trillion mark. The total trading volume, meanwhile, jumped more than 40 per cent, close to $88.43 billion.

After being burned on his call for transitory inflation, Fed Chair Powell will likely continue to try to avoid giving any hints on when they could pause, said Edward Moya, Senior Market Analyst, The Americas OANDA. Moya said Powell would not rule out a 75-basis point rate increase for the next meeting, but he did say that it will likely be appropriate to slow rate increases at some point.

"Even after the 75 bps consecutive rate hike by the Fed and indication that "another unusually large increase would be appropriate in the next meeting" the US markets staged a smart bounce back with S&P 500 and Nasdaq rising by 2.62% and 4.06% respectively,” Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

“There are four prominent issues vis-a-vis India that have come up in the Competition Law related to digital markets largely because digital markets are fundamentally different from traditional markets and the underlying economics of digital markets which are driven by increasing returns to size as opposed to diminishing returns to size.”

Investors can look at buying the stock on dips for a possible target above Rs 650 which translates into an upside of more than 46 per cent from Rs 443 recorded on 27 July 2022. The global automaker posted a widening of consolidated loss at Rs 5,006 crore for the June quarter compared with Rs 1,032 crore recorded in March 2022.

The company and the market have changed in the year since he last valued it, and to make a fair judgment, the company will have to be reevaluated.

IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 78052.84 Crore).

A SpiceJet spokesperson said, “We want to reassure our passengers and travel partners that our flights will operate as per schedule in the coming days and weeks, there will be no flight cancellation as a consequence of this order.”

The company based in Vevey on Lake Geneva said it now expects organic sales growth of 7-8%, versus around 5% previously, and an underlying trading operating profit margin of around 17.0%, versus previous guidance for a margin between 17.0% and 17.5% this year.