Sensex up over 200 pts, Nifty opens above 7950; banks zoom -- 18 Sep 2015

Bouyed up by Federal Reserve's decision, the market has opened with a bang on Friday. The Sensex is up 226.10 points or 0.9 percent at 26190.07 and the Nifty gains 68.30 points or 0.9 percent at 7967.45. About 420 shares have advanced, 63 shares declined, and 24 shares are unchanged.

                             

Bouyed up by Federal Reserve's decision, the market has opened with a bang on Friday. The Sensex is up 226.10 points or 0.9 percent at 26190.07 and the Nifty gains 68.30 points or 0.9 percent at 7967.45. About 420 shares have advanced, 63 shares declined, and 24 shares are unchanged. Vedanta, ICICI Bank, Axis Bank , Infosys and Tata Steel are top gainers in the Sensex. The Federal Reserve held off raising rates, which would have ended a nearly 7-year-old zero interest rate policy. Investors have started trading with a new view of the Fed's path to higher rates, and the promise of superlow rates for a little while longer. Odds have also risen that the Fed will now not hike rates until 2016, and RBS says the markets are currently pricing the first full rate rise for March but odds for December were still above 60 percent. Fed Chair Janet Yellen, during a briefing, explained the central bank could still hike in October, but some forecasters see December as more likely.



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