Thursday 25 Apr 2024

Sensex up for 4th day, soars 309 points post Fed rate hike

| DECEMBER 18, 2015, 12:00 AM IST

PTI

Mumbai

Brushing aside worries over the Fed rate hike, the benchmark Sensex on Thursday rose for the fourth straight session by gaining over 309 points to end at over a two-week high of 25,803.78 on a flurry of buying activity and a firm trend overseas.

The NSE Nifty too reclaimed the 7,800-mark as the market had already priced in the US Fed move.

In its longest winning-run this month so far, the BSE Sensex took off on a positive note and advanced further to hit the day's high 25,831.31 before settling higher by 309.41 points, or 1.21 per cent at 25,803.78, a level last seen on December 3.

The broader NSE Nifty recaptured the 7,800-mark by surging 93.45 points, or 1.21 per cent, at 7,844.35 after shuttling between 7,852.90 and 7,737.55.

Out of the 30-share Sensex pack, 25 ended higher.

The market breadth remained negative as 1,946 stocks ended lower, 743 closed higher while 212 ruled steady.

The total turnover went up to Rs 3,149.45 crore from Rs 2,722.72 crore yesterday.

Share this