Sensex up 255 points, Nifty tops 7,500 on firm overseas trend

The market benchmark BSE Sensex rallied over 255 points and the NSE Nifty recaptured the 7,500-mark on Friday on widespread gains amid a firming trend at other Asian bourses after the Federal Reserve signalled a slower pace of interest-rate hike this year.

The 30-share barometer rose 255.75 points, or 1.03%, to 24,938.23. The gauge had gained 131.31 points in the previous session.

ICICI Bank, Adani Ports, GAIL, ONGC, Tata Steel, Tata Motors, Bharti Airtel, Maruti Suzuki, HDFC Ltd, SBI, L&T, BHEL, Axis Bank and RIL  all contributed to the upsurge. 

Also, the NSE Nifty reclaimed the crucial 7,500-mark by climbing 84.15 points, or 1.12%, to 7,582.90.

Equity brokers said trading sentiments buoyed largely in tandem with a rally at other Asian markets after the US Federal Reserve kept interest rates unchanged and signalled a slower pace of interest-rate hikes this year.

In the rest of Asia, Hong Kong's Hang Seng rose 1.35% while Japan's Nikkei edged up 1.39% in early trade on Friday.

The US Dow Jones Industrial Average ended 0.43% higher in Thursday's trade.