Sensex jumps 500 pts, Nifty up 150 pts; IndusInd Bank, Infy shine

Investors cheer positive global cues and Fed keeping a pause on interest rate hike as indices gain around a per cent in early trading.

The US Federal Reserve announced leaving the benchmark interest rates unchanged at 5.25 per cent – 5.50 per cent for the second straight meeting.

The Fed added that any future decisions on policy firming would take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, as well as economic and financial developments.

Goods and Services Tax(GST) revenue collection jumped by 13% YoY to ₹1.72 lakh crore in October this year. This is the second highest-ever GST revenue collection ever.