Indian share markets ended on a strong note even as caution prevailed in other Asian peers ahead of the US Federal Reserve's policy statement due later in the day.

Although an IMF cut to India's economic growth outlook kept investor sentiment in check.

Benchmark indices ended higher in today's volatile session as heavyweight technology stocks gained.

At the closing bell, the BSE Sensex stood higher by 548 points (up 1%).

Meanwhile, the NSE Nifty closed higher by 158 points (up 1%).

Sun Pharma, SBI, and L&T were among the top gainers today.

Bharti Airtel, Kotak Mahindra Bank, and NTPC, on the other hand, were among the top losers today.

Vedanta's share price fell in early trade today on the growing concerns about a possible recession in parts of the world.

Zomato rose, after two days of heavy declines. In the past two sessions, Zomato's share price fell big time as the IPO lock-in period ended.

The SGX Nifty was trading at 16,662, up by 186 points, at the time of writing.

The broader markets ended on a strong note. The BSE MidCap climbed higher by 0.9% and the BSE SmallCap index ended higher by 0.4%.

Barring the telecom sector, all sectoral indices ended on a firm note today with stocks in the IT sector, healthcare sector, banking sector, and capital goods sector witnessing most of the buying.

Shares of ITC and Adani Enterprises hit their 52-week highs today.

Reliance Industries, Infosys, and Maruti Suzuki were amongst the most active shares on the BSE today.

If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

Asian share markets ended on a mixed note today.

The Nikkei ended the day up by 0.2%, while the Hang Seng inched lower by 1.1%. The Shanghai Composite ended 0.1% lower.

Restricting the fall in rupee, it is trading at 79.87 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.2% at Rs 50,667 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading up by 0.4% at Rs 54,916 per 1 kg.

Of late, gold prices are falling while silver isn't far behind. Silver price is also falling as industrial demand for silver is under pressure while a stronger US dollar is adding to worries.

Indian stock markets have fallen in 2022 after a sharp post-pandemic rally.

One of the reasons for this correction is the exit of FIIs, with the rise in the interest rates in the US.

Bucking the trend, the overall institutional stake, including that of FIIs in some small caps has gone up.

In news from the IT sector, Google Maps has launched Street View in India in collaboration with Tech Mahindra and Genesys International.

This is the first time that Street View services will be completely handled by local partners.

The service for a 360-degree view of streets, tourist spots, and landmarks could not be launched in India before because of regulatory hurdles.

Street View will be available on Google Maps with imagery licensed from the local partners and covering over 150,000 km across ten cities: Bengaluru, Chennai, Delhi, Mumbai, Hyderabad, Pune, Nashik, Vadodara, Ahmednagar, and Amritsar.

Google, Genesys International, a mapping and geospatial company, and Tech Mahindra plan to expand the service to more than 50 cities by the end of 2022.

Post the announcement, Genesys International's share prices were stuck in the 5% upper circuit on the BSE today.

Whereas Tech Mahindra's share price climbed 0.8% on the BSE.

Despite being a 'Digital India' stock, Tech Mahindra shares have fallen over 40% in 2022 so far.

Note that IT stocks are falling in 2022 due to the recent global crisis and fears of a recession.

The IT index has corrected over 30% from its all-time high of 39,446, raising the question - is it time to buy the dip in IT stocks?

Take a look at the chart below:

The bullish crossover of averages and histogram above integer line on MACD (Moving Average Convergence Divergence) signals the bullish momentum.

Moving on to news from the finance space, Bajaj Finance has reported a stellar performance for the June 2022 quarter.

NBFC-giant, Bajaj Finance witnessed a strong June 2022 quarter with net profit rising by a whopping 159% to Rs 25.9 bn compared to Rs 10.0 bn in the same quarter last year.

Net interest income climbed by 48% to Rs 66.4 bn in the quarter under review from Rs 44.9 bn in Q1 of last year.

New loans booked jumped by 60% to 7.42 m as against 4.63 m in the same quarter last year.

As of 30 June 2022, Bajaj Finance's asset under management (AUM) increased by 28% to Rs 2.04 tn as compared to Rs 1.6 tn as of 30 June 2021.

Core AUM growth was at RS 119.3 bn during the June 2022 quarter.

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