After a single-session fall, the benchmark indices Sensex and Nifty 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.
All Sensex stocks are trading in the green. HDFC, Axis Bank, Bajaj Finance, Kotak Bank, Asian Paints, Kotak Bank, HDFC Bank and IndusInd Bank are the top Sensex gainers in early trade, rising to 3.14%.
Sensex opens 850 points higher at 57,667 and Nifty increases by 226 points to 17,202.
The Dow Jones Industrial Average rose 518.76 points, or 1.55%, to 34,063. The S&P 500 increased 95.41 points, or 2.24%, to 4,357 on January 1. 86 and the Nasdaq Composite added 487.93 points, or 3.77%, to 13,436. Domestic institutional investors DIIs lapped up shares worth Rs 772.55 crore as per provisional data available on NSE, and foreign institutional investors FIIs bought shares worth Rs 312 crore on March 16.
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 believed to be the first indication of the Singapore Stock Exchange.
The Sensex and Nifty indexes rose after a single-session fall 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.