Muhurat Trading: Sensex reclaims 60k, up 296pts, Nifty ends above 17,900

The BSE Midcap and Smallcap indices also gained 0.7 per cent and 1.4 per cent, respectively. Auto and capital goods shares were the prominent gainers

Closing Bell

The markets started Samvat 2078 on an upbeat note in the backdrop of a sharp cut in excise duty on fuel prices and a scale down in its bond-buying program by the US Federal stimulus as per expected.

At the end of its two-day meeting, the US Fed said monthly $120 billion purchases of Treasuries and mortgage-backed securities would be trimmed by $15 billion a month.

The BSE Sensex opened at the day's high of 60,208, and ended 296 points higher at 60,068. The NSE Nifty gained 88 points at 17,917.

The broader markets