Sensex rises 400 points, Nifty nears 23,250 as investors await Fed meeting outcome. What to expect?

The Indian stock market rebounded on Wednesday, with the Sensex and Nifty rising around 0.5% each after Tuesday’s crash wiped out more than Rs 9 lakh crore from Dalal Street.

The Sensex rose over 400 points to above 74,400, while the Nifty 50 gained around 128 points to 23,247 as of 10:45 am. Broader markets remained weak, with the Nifty Smallcap 100 and Nifty Midcap 100 falling up to 0.8%.