Image Source : PTI (FILE) Sensex rebounds 601 points, Nifty jumps 171 points to 15,863 Domestic equity markets soared higher on Thursday in the opening session amid positive global cues after the expected interest rate hike announcement by the US Federal Reserve. The S&P BSE Sensex rallied more than 600 points to trade above 53,000, the NSE Nifty50 gained 171 points to sit comfortably above 15,800. Bank Nifty was also in the green. In the Sensex pack, index heavyweight Reliance Industries was the top gainer. It was followed by Maruti Suzuki India and ICICI Bank. Power Grid, Bharti Airtel and Nestle India were top laggards. In an attempt to tame inflation, the Federal Reserve on Wednesday hiked the benchmark borrowing interest rate by 75 basis points. The massive rate hike was the biggest since 1994. Notably, the US is in the grip of higher inflation than many of its peer high-income countries. Latest Business News
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