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Nifty hits 7800, Sensex gains 150 pts post Fed rate hike
Boosted by strong global cues, the market has opened strong after Federal Reserve has hiked interest rates after nine years. The Nifty is up 45.40 points or 0.6 percent at 7796.30 and the Sensex is up 150.63 points at 25645. The 50-share index touched 7800 in early trade. About 822 shares have advanced, 139 shares declined, and 31 shares are unchanged.
The US Federal Reserve hiked its benchmark interest rate by 0.25 percent for the first time in a decade. The move, closely watched, across the globe is seen as a dovish commentary by Fed chairperson Janet Yellen.
GAIL, SBI, NTPC, Sun Pharma and Vedanta are top gainers while ONGC, M&M, Coal India, HDFC and HUL are major losers in the Sensex.
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