Sensex rallies 300 points to reclaim 26K, as Fed keeps rates unchanged; Nifty tops 7,950
The S&P BSE Sensex rallied over 300 points on Friday, after the US Federal Reserve held off raising interest rates. The rally in the index was led by gains in HDFC, ICICI Bank, Infosys, Axis Bank, and HDFC Bank.
The 50-share Nifty index reclaimed its crucial psychological level of 7950, supported by gains in banks, metal, FMCG, and realty stocks.
The rupee appreciated 31 paise to 66.15 against the US dollar and was trading at two-week high post Fed meet. The domestic currency had closed at 66.46 against the greenback on Wednesday.
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