Nifty Surges Over 8,100 Points

Nifty Surges Over
8,100 Points

BSE Sensex and Nifty surged high in the intra-day trade today, but the gains were capped as the US central bank terminated its stimulus programme. Nifty was 18 points (0.23%) higher at 8109.10, touching a high of 8112.65 and a low of 8085.20 in the early trade.

The US dollar jumped to a three-week high against the yen after the US Federal Reserve ended its quantitative easing programme.

"We expect a highly volatile session today (Thursday). First, we shall be seeing participants reacting to the Fed meeting outcome in early trade followed by the F&O expiry," says Jayant Manglik, President-retail distribution, Religare Securities Limited.

"Besides, the Nifty index closed near the psychological barrier of 8,100 so we can't ignore the possibility of profit taking prior to next directional move," he added.