The Indian stock market snapped a two-session losing streak on Wednesday, with Sensex and Nifty closing in the green and recovering some of the losses recorded during yesterday’s sharp crash that wiped off more than Rs 9 lakh crore from Dalal Street. Sensex gained 333 points to close at 74,336, while Nifty 50 rose 99 points to end the session near 23,218.

18%.. Are Sensex and Nifty heading for a bigger crash?

Here's how analysts read the market pulseIndian equities advanced in tandem with regional markets as easing crude oil prices and a largely priced-in US Fed rate hike improved investor sentiment, said Vinod Nair, Head of Research at Geojit Investments. “Domestically, large-cap stocks led the gains, driven by strength in banking, FMCG and automobile counters, while the IT sector witnessed selective profit booking following its recent outperformance.

Investors now await the Fed Chair's commentary for deeper insight into the future rate trajectory, with the guidance expected to influence global liquidity conditions, capital flows and the near-term direction of financial markets,” he further said. US stocksThe Nasdaq Composite and the S&P 500 edged higher following a two-day slide, as lower oil prices offered some relief on Wednesday.

Energy stocks fell, while technology shares were mixed. Nvidia and Apple were up marginally.

Oil prices dipped after reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about the scale of Middle East supply disruptions. 1%, with Devon Energy and ConocoPhillips lower by more than 3% each.

European marketsMost bourses in Europe were trading higher. 6% and benchmarks of Germany , France and Spain all saw gains.

Most active stocks in terms of turnoverGroww (Rs 2,829 crore), Paytm (Rs 2,742 crore), Pine Labs (Rs 2,072 crore), HDFC Bank (Rs 1,973 crore), Tata Chemicals (Rs 1,896 crore), ICICI Bank (Rs 1,303 crore) and RIL (Rs 1,253 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.

52-week highAmong the ones which hit their 52-week highs on NSE included Paytm and Dr Lal Pathlabs. Sentiment meter favours bearsOut of the 3,662 stocks that traded on the NSE on September 16, Wednesday, 1,688 stocks witnessed advances, 1,855 stocks saw declines while 119 stocks remained unchanged..