Stock Market News, July 17 -- The domestic benchmark indices, the Sensex and the Nifty 50, will remain closed today (Wednesday, July 17), on account of Muharram. The bourses will resume its trading activity on Thursday, July 18.

Asian stock markets saw a surge on Tuesday's early trade, contributing to a global upswing as speculation that the US Federal Reserve may soon begin cutting interest rates spurred investors to move into riskier areas of the market.

The Nikkei 225 in Japan had a little boost but was choppy on Wednesday's session. It was down 93.02 points to 41,186. The Hang Seng in Hong Kong increased by 11.44 points to 17,739.42 in the meanwhile. The Taiwan Weighted index dropped to 23,810.65, a 186.60-point loss. Selling pressu...