Nifty hits fresh record high, Sensex goes up after Fed holds rates

Key indices rose on Thursday after the Federal Reserve kept interest rate unchanged in policy meeting. The US central bank left interest rates unchanged at the end of its two-day policy meet, but remains on path for a possible December hike as it cited "solid rate" of growth

This lifted Asian markets, which in turn made the 30- share Sensex firm up 45.53 points, or 0.13 per cent, to 33,645.80. It rallied 387.14 points to close at a record high of 33,600.27 in the previous session.

Healthcare, consumer durables, IT, oil and gas, realty, technology and banking indices made gains.

The National Stock Exchange index Nifty too was up 8.55 points, or 0.08 per cent, to trade at 10,449.05.

Big gainers were Sun Pharma, Lupin, Cipla, Bajaj Auto, ICICI Bank and TCS, rising by up to 2.65 per cent.

Country's largest telecom player Bharti Airtel on Wednesday said it will transfer its optical fibre business to its wholly owned subsidiary Telesonic Networks for a valuation of up to Rs 5,650 crore.

The board of directors in its meeting on Tuesday "has approved the scheme of arrangement between Bharti Airtel ("Transferor Company") and Telesonic Networks Limited ("Transferee Company")...for the transfer of the optical fibre cable business of the transferor company to the transferee company, a subsidiary of the transferor company, by way of a slump sale", according to a regulatory filing.

On Wednesday, as India leapt 30 ranks up on the 'Ease of Doing Business', buoyed bulls lifted the benchmark indices to new highs.

The Sensex rose 387.14 points, or 1.17%, to a new closing high of 33600.27 while the Nifty jumped 105.20 points, or 1.02%, to end at 10440.50.

A World Bank report on Bank's Ease of Doing Business on Tuesday ranked India at 100 among 190 countries.

Bombay Stock Exchange - BSE

National Stock Exchange of India Ltd (NSE)