Stock Market Today: Asian shares trade higher as Sensex gains more than 500 points, Nifty breaches 17150

Stock Market Today: The benchmark 30-share BSE Sensex fell 337 points, or 0.58%, to close at 57,900. At 17,043, the larger NSE Nifty fell 111 points, or 0.65%. On Tuesday, the rupee lost 14 paise to reach 82.37 against the US dollar as a result of continued foreign investment outflows caused by the SVB collapse and a strong dollar on international markets.

Wall Street ends green as inflation cools, bank jitters ebb

US markets recovered on Tuesday as expectations for the amount of the rate hike at the Federal Reserve's policy meeting next week were tempered by generally on-target inflation statistics and lessening concerns about contagion in the banking sector.

Stock Market Today: Tokyo shares open higher

Tokyo stocks opened higher Wednesday as worries about the US banking sector eased, helping to boost New York shares.The benchmark Nikkei 225 index rose 0.55 percent, or 148.97 points, to 27,371.01 in early trade, while the broader Topix index advanced 1.00 percent, or 19.57 points, to 1,967.11.

Oil prices bounce back, helped by stronger OPEC outlook for China

Oil prices rose in early Asia trade on Wednesday, recovering from the previous day's plunge, as a stronger OPEC outlook on China's demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures

Stock Market Today: Asian shares gain as fears about rapid Fed hikes, bank crisis fade

The Federal Reserve is expected to likely choose for a lesser rate hike when it meets next week, as seen by the steep rise in Asian stocks on Wednesday, which followed a relief rally on Wall Street and positive U.S. inflation statistics.

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