The market rallied in early trade following the dovish statement from the US Federal Reserve. The Sensex rose 187.74 points to 28809.86 and the Nifty rose 47.65 points to 8733.55. About 617 shares have advanced, 102 shares declined, and 81 shares are unchanged on the BSE.
The Fed also noted that the change in rate guidance did not mean the FOMC had decided on the timing of a hike. Jannet Yellen added that the timing of initial increase in target range will be data dependant.
Back home, banking & financials, capital goods, auto, pharma and metals stocks gained. However, NTPC was the only loser on Sensex, down 1.4 percent.
The Indian rupee gained in the early trade following outcome of the Federal Reserve two-day meeting. The currency has opened higher by 31 paise at 62.38 per dollar against 62.69 a dollar Wednesday.
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