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Sensex Rises Over 200 Points To Reclaim 33000 Mark; Nifty Nears 10200

21 March 2018

Taking a cue from global markets, the key Indian equity market indices on Wednesday opened higher ahead of the US Federal Reserve's decision on the interest rates.The Sensitive Index (Sensex) of the BSE, which had closed at 32,996.76 points on Tuesday, opened higher at 33,090.82 points.

The 30-share index was trading 321.26 points or 0.97% higher at 33,318.02, at 10.20 am, with all the sectoral indices in the green.

While buying in telecom, auto, bank, financial and IT stocks were keeping bourses up in trade, over 30 stocks hit fresh 52-week lows on NSE, remaining immune to the market rally.

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The gauge had gained 73.64 points in a volatile session on Tuesday.

The NSE Nifty50 declined by 100.90 points or 0.99 per cent to close at 10,094.25 points, while the BSE Sensex closed at 32,923.12 points - down 252.88 points or 0.76 per cent from its previous close.

Major gainers included ONGC, Bharti Airtel, SBI, Axis Bank, Yes Bank, Infosys, Sun Pharma, L&T, RIL, ITC, Kotak Bank, IndusInd Bank, Adani Ports, ICICI Bank, Maruti Suzuki and TCS. The stocks rose by up to 3.17%.

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All eyes are on the outcome of two-day US Federal Reserve's policy meeting that is scheduled to be announced tonight.

Asian markets like Japan's Nikkei, China's Shanghai Composite and Hong Kong's Hang Seng were down around 0.3-0.5 percent.

The US Dow Jones Industrial Average ended 0.47% higher inTuesday's trade.

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Sensex Rises Over 200 Points To Reclaim 33000 Mark; Nifty Nears 10200