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Sensex hits 26000, Nifty rises; banks outperform

Mumbai, Sept 16 : The market is surging ahead as world patiently awaits the decision on the Federal Reserve monetary policy on interest rates.

The Sensex hit 26000 with an up move of 292.19 points. The Nifty is up 81.70 points or 1 percent at 7910.80.

Banking sector outperforms with an up move of 1.5 percent from previous close.

Stocks such as Bharti Airtel, Hero MotoCorp, Axis Bank, Vedanta and Bajaj Auto are top gainers

BHEL, HUL and Dr Reddy’s labs on the other hand are the major laggards.

Crude oil futures price rose Rs 36 to Rs 3,039 per barrel today as speculators widened positions.

Experts believe that rise in crude oil futures was largely in tune with a firm trend in Asian trade as the market awaits a Fed decision on interest rates.