Amid global rally following US Fed rate announcement, Sensex surges 490 points

On Thursday, the Sensex recovered about 490 points, while broader Nifty closed above 19,100, ending two days of losses following a surge in global markets after the US Federal Reserve held interest rates steady.

The 30-share BSE Sensex rose 489.57 points or 0.77 percent to 64,080.90. It climbed 611.31 points or 0.96 percent to 64,202.64 during the day.

The Nifty advanced 144.10 points or 0.76 percent to 19,133.25. Nifty sank approximately 152 points in the past two days, while Sensex fell 521 points.

IndusInd Bank, Tata Steel, Tata Motors, Sun Pharma, Infosys, Mahindra & Mahindra, Infosys, NTPC, Bharti Airtel, HCL Technologies and Axis Bank were the top gainers on the Sensex.

The laggards were Tech Mahindra and Bajaj Finance.

The BSE midcap increased by 1.20 percent, while the smallcap index increased by 0.97 percent.

In Asian markets, Seoul, Tokyo, and Hong Kong finished up, while Shanghai finished lower.

European markets were trading in green.

On Wednesday, the US markets finished higher.

Brent crude soared 1.67 percent to USD 86.12 per barrel.

According to exchange data, Foreign institutional investors (FIIs) sold securities worth Rs 1,816.91 crore on Wednesday.

On Wednesday, the BSE dipped 283.60 points or 0.44 percent to 63,591.33. The Nifty slid 90.45 points or 0.47 to 18,989.15.

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