After a single-session fall, the Sensex and Nifty indices resumed their rally on Wednesday as global markets waited for a decision on interest rate policy by the US Federal Reserve. Sensex closed at 56,816, higher by 1,039 points, and Nifty gained 312 points to 16,975.
The Sensex opens 850 points higher at 57,667 and Nifty rises 226 points to 17,202.
The Dow Jones Industrial Average went up 518.76 points, or 1.55%, to 34,063. The S&P 500 gained 95.41 points, or 2.24%, to 4,357 at the beginning of January. 86 and the Nasdaq Composite added 487.93 points, or 3.77%, to 13,436. Foreign institutional investors FIIs bought shares worth Rs 312 crore on March 16 and domestic institutional investors DIIs lapped up shares worth Rs 772.55 crore, according to provisional data available on the NSE.
The Indian equity market is likely to open in the green today as SGX Nifty was trading 259 points higher at 16,894. The opening of the Indian market is predicted by the Singapore Stock Exchange.
After a single-session fall, the Sensex and Nifty indexes resumed their rally on Wednesday after a single-session decline as global markets waited for a decision on interest rate policy by the US Federal Reserve. Sensex closed at 56,816, higher by 1,039 points, and Nifty gained 312 points to 16,975.
The Indian equity market had rallied for five consecutive sessions before the previous session. UltraTech Cement, Axis Bank, IndusInd Bank and HDFC were among the top Sensex gainers, rising to 4.69 per cent.
BSE mid-cap and small-cap indices gained 417 points and 395 points, respectively.