Sensex climbs 255 points in early trade, Nifty tops 7,500

Thursday, Mar 17, 2016,10:49 IST By metrovaartha A A A

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

The 30-share barometer rose 255.75 points, or 1.03 per cent, 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 contributed to the upsurge.

Also, the NSE Nifty reclaimed the crucial 7,500-mark by climbing 84.15 points, or 1.12 per cent, 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 per cent while Japan’s Nikkei edged up 1.39 per cent in early trade today. The US Dow Jones Industrial Average ended 0.43 per cent higher in yesterday’s trade.

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