Bulls came back with a vengeance and pulled up the benchmark Sensex by 134 points on sustained buying interest after a two-day correction that shaved off 155 points from the index. The rally in global markets after the interest rate hike by US Fed and sustained buying interest from foreign funds boosted sentiment.After opening with a positive gap of 20 points at 7,616 points, the Sensex surged and the rally gathered momentum in the last session of trading. The Sensex finally closed 134.25 points higher at 7,729.82 level after hitting a high of 7,741.35 points. The low for the day was at 7,616 levels.The NSE Nifty ended with gain of 41.45 points at 2,360.15 points. The high for the day was at 2,364.80 level while the low was 2,322.05.‘‘The rally in world markets and FII-led buying pushed up the Sensex,’’ said a BSE dealer. Tokyo’s benchmark Nikkei average closed up 1.7 per cent. Hong Kong’s Hang Seng rose 1.5 per cent. The Dow Jones industrial average rose 0.75 per cent and the Nasdaq Composite Index climbed 0.45 per cent.Markets cheered the comments of US Fed officials that US interest rate rises would continue at a steady pace, allaying fears rate hikes could choke off demand for Asia’s exports. Here, FIIs bought stocks heavily after the two-day correction. Hedge funds were major sellers on Monday when Sensex plunged by nearly 148 points.
