Mumbai, Sept. 16 (ANI): The market witnessed a strong rally ahead of Federal Reserve meeting. The Sensex shooted up by 258.04 points giving a closing of 25963.97.
Nifty on the other hand, ended up 70.05 points at 7899.15.
Total of 1252 shares advanced. The Indian equity market is likely to take a rate hike by the <strong class=’StrictlyAutoTagBold’>US Federal Reserve positively, believes the market experts.
Banks and pharma gave a strong rally to the market with gainers such as Axis Bank, Bharti Airtel, Sun Pharma, Hero MotoCorp and Bajaj Auto.
Among the losers were L&T, BHEL, Dr Reddy’s Labs, Coal India and HUL. (ANI)