It's flying start for stocks on the Indian bourses this morning with the bulls storming the ring, buoyed by the U.S. Fed's decision to keep stimulus plan in place.
The Sensex zoomed to 20,567.61, and is currently up 510 points or 2.55% at 20,472.
The Nifty is up 165 points or 2.8% at 6065, off an early high of 6092.10.
The Indian stock market is likely to open on a firm note on Thursday, tracking strong global cues.
The U.S. Federal Reserve came out with a surprise decision on Wednesday, keeping the pace of its asset purchase program intact for now.
The rupee's performance against the greenback will be a key trigger for the Indian bourses. With the central bank's mid-quarter monetary policy review due on Friday, the mood may turn a bit cautious at some stage. Data showing some strong buying by FIIs on Wednesday is a positive for the market.
Sensex surges nearly 600 points on US Fed move
Sensex up nearly 550 points as stocks soar on U.S. Fed's stimulus decision
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