Sensex ends 157 points higher on global rebound

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Mumbai, Dec 27 (IANS) The Indian stock market ended higher on Thursday, tracking a US-led global market rebound.

IT stocks gained 1.37 per cent and was accompanied by energy stocks. However, banking stocks ended lower.

The S&P BSE Sensex settled 157.34 points or 0.44 per cent higher at 35,807.28 after touching an intra-day high of 36,041.24 and a low of 35,781.95.

The NSE’s Nifty50 gained 49.95 points or 0.47 per cent to finish at 10,779.80.

In the past few days, investor sentiments were low on concerns that US President Donald Trump would try to fire Federal Reserve Chairman Jerome Powell. Trump’s key economic adviser Kevin Hassett’s reassurances on Wednesday put the issue to rest.

According to reports, the US president was unhappy post the US central bank hiking short-term interest rate.

–IANS

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