Indian equity benchmarks opened a gap on Thursday based on strong global indices after the US Federal Reserve kept interest rates at record highs but indicated it would likely start cutting back on buying monthly bonds as early as November and reported interest rate hikes. may follow faster than expected. The Sensex rose 445 points to an intraday high of 59,372.73 and the Nifty 50 Index traded above its psychologically important level of 17,656. Reliance Industries, HDFC Bank, Infosys, ICICI Bank and Kotak Mahindra Bank were among the main players in Sensex.
At 9:23 a.m., the Sensex was ahead 424 points to 59,352 and the Nifty 50 Index climbed 122 points to 17,668.
Asian stocks rose on Thursday, supported by positive news from struggling developer China Evergrande Group, as the dollar held close to a one-month high after the US Federal Reserve took a hawkish tilt during the night.