The BSE Sensex continued its rally by jumping over 500 points on Friday after the US Federal Reserve on Thursday decided to keep the interest rates unchanged. Nifty also moved in tandem with Sensex and was trading above 8,050 in the noon trade.
At 12.11 pm, Sensex was up 501.62 points at 26,465.59. Similarly, Nifty was up 154.70 points at 8,053.85 during the same time.
Rate sensitives banking, auto and realty sectors were trading higher in the afternoon trade. BSE Realty index, BSE Bankex and BSE Auto index were up 4.24 per cent, 3.68 per cent and 1.75 per cent at 1350, 20149 and 17,801.
The second-line mid-cap and small-cap shares too supported the sentiments.
Major gainers were Axis Bank (4.99 pc), ICICI Bank (3.77 pc), M&M (3.47 pc), SBI (3.42 pc), HDFC Bank (3.18 pc), Lupin (2.99 pc), Hero MotoCorp (2.62 pc) and HDFC (2.47 pc) in late morning trade.
Asian markets were trading higher after the Federal Reserve cited concerns about global economic growth in its decision to hold off on raising interest rates.
China’s Shanghai Composite, South Korea, Hong Kong,Singapore and Indonesia were trading higher in the range 0.40 per cent to 0.77 per cent.
However, Japan stocks trading lower by 1.44 pct.