Sensex jumps 206 pts, Nifty at new peak after Fed move

The Sensex rebounded by over 206

points and the NSE Nifty scaled a life-time high of 9,143 in

opening trade today amid a firming trend in global markets

after the US Fed hiked the key lending rate.

The Federal Reserve, as expected, raised the benchmark

interest rate by a quarter percentage point, but gave a more

dovish outlook for future hikes.

The rupee was in a sweet spot, strengthening by another

47 paise to hit a fresh 16-month high of 65.22 against the

dollar.

The 30-share index surged 206.40 points, or 0.70 per

cent, to 29,604.51. The gauge had shed 44.52 points in the

previous session.

All the indices, led by metal, infrastructure and capital

goods, advanced with gains up to 1.24 per cent.

The NSE index Nifty rallied by 68.10 points, or 0.74 per

cent, to trade at an all-time intra-day high of 9,152.90,

breaching its previous record of 9,122.75 (intra-day) touched

on Tuesday.

The buoyancy is in line with a firming trend at other

Asian bourses, tracking overnight gains in the US, after the

Federal Reserve went for a rate increase.

Besides, a flood of foreign capital in domestic bourses

gave a push to the equities, traders added.

Japan's Nikkei, however, shed 0.13 per cent.

The US Dow Jones Industrial Average ended 0.54 per cent

higher yesterday.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)