Mumbai: The Sensex indices today has zoomed 309 points to reach 25803 points while closing for the day. This is one of the biggest intraday rises. It rose over 1.20% in a single day. This development comes even after US Federal Reserve hiked their rate by 0.25 percentage points.

The Markets across the world have welcomed the US Fed’s decision as global indices opened strong. There were no markets which showed weakness. Analysts say that this hike in US FED interest rates were well known to investors across the world while one analyst said, “We are prepared for this”.

Along with Sensex, even Nifty rose by 1.21% i.e 94 points to reach 7844 points.

“The interest rate hike by the US Federal Reserve was getting discounted by the markets over the last few weeks. With the hike now coming in as expected, investors are preferring to reduce some exposure as the focus will now clearly be on the parliament and whether the government will be able to get the opposition on board to get the GST bill passed in this session of parliaments. So, we can expect a range-bound trend with a negative bias over the next 4-5 sessions,” said an analyst at Geojit BNP Paribas Financial Services.