Indices jump even as crucial Fed meet gets underway; Sensex up 578 points

Indian benchmark indices gained on Tuesday along with some Asian peers even at the US Federal Reserve’s (Fed’s) two-day monetary policy meeting got underway. The benchmark Sensex rallied close to 1,000 points to go past 60,000 but retreated ahead of the market close amid a correction in European equities.

The Sensex ended the session at 59,719, a gain of 578 points or 0.98 per cent. The Nifty50 on the other hand ended the session at 17,816 a gain of 194 points or 1.1 per cent. Financials and pharma stocks led the advance amid positive flows from foreign portfolio investors (FPIs).