Sensex jumps 123 points in early trade ahead of Fed decision | business | Hindustan Times
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Sensex jumps 123 points in early trade ahead of Fed decision

The benchmark BSE Sensex surged over 123 points at 25,443.48 in early trade on Wednesday amid a firming trend at other Asian markets ahead of the outcome of the Federal Reserve meeting.

business Updated: Dec 16, 2015 11:46 IST

Extending gains for the third straight session, the benchmark BSE Sensex surged over 123 points at 25,443.48 in early trade on Wednesday amid a firming trend at other Asian markets ahead of the outcome of the Federal Reserve meeting.

The 30-share index, which had gained 276.09 points in the previous two sessions, gathered another 123.04 points, or 0.48%, at 25,443.48 with all the sectoral indices, led by oil & gas, IT, healthcare and power trading in positive zone.

The NSE Nifty was also trading higher by 28.75 points, or 0.37%, at 7,729.65.

Brokers said pick-up in buying by participants, in step with a firming trend at other Asian bourses and overnight gains in the US and European markets ahead of the outcome of a Federal Reserve meeting -- which is likely to see a long-awaited interest rate hike -- influenced sentiments.

Among other Asian markets, Japan’s Nikkei gained 2.13% while Shanghai’s Composite index was up 0.63% in early trade. Hong Kong’s Hang Seng index was trading 2.18% higher.

The US Dow Jones Industrial Average ended 0.90% higher in Tuesday’s trade.