The bank posted a 21% fall in third quarter profit and said it expected to report a net loss in the fourth quarter as it writes off its remaining investment bank-related goodwill for a one-off charge of around 1.6 billion Swiss francs.

The Nikkei share average climbed 0.93% higher to close at 29,794.37, while the broader Topix jumped 1.18% to 2,055.56.

The Fed is the latest bank to move away from its emergency measures and comes after rate hikes in several countries including Canada and South Korea, while the Bank of England is expected to follow suit later in the day.

The Nifty50 index rose 40 per cent in the previous Samvat, whereas Nifty Midcap 100 and Nifty Smallcap 100 clocked gains of 70 per cent and 80 per cent, respectively.

Below are six largecap stocks that investors may consider picking up during the auspicious Muhurat trading session on Diwali.

The S&P 500 and Nasdaq notched record all-time closes for their fifth straight sessions, while the Dow Jones Industrial Average posted a record close for the fourth session in a row.

On interest rates, Powell rejected the thinking of leaders at several other leading central banks and of a handful of his own colleagues.

Sensex has historically performed quite well on these special trading sessions, though low trading volumes have usually been observed and fewer stocks move during that short duration.

​The government reversed its decision to claim 50% of convenience fee revenues of IRCTC and the company’s September quarter net profit rose almost five-fold on higher ticketing revenue. However, analysts are still cautious, which is reflected in the addition of short positions.

Sebi met stock exchange officials earlier this week to monitor company activities.