Sensex hits five-week high after Fed stance on rates

Reuters Market Eye - The BSE Sensex and Nifty rose on Thursday, marking their highest levels since Sept.23. The benchmark BSE Sensex and the broader Nifty rose 0.89 percent as of 12:55 a.m.

Exporters led the gains on the U.S. Federal Reserve's optimism about U.S. economic recovery, said traders.

Infosys was up 2.3 percent while Dr.Reddy's Laboratories gained 1.5 percent.

Realty shares rose after the government relaxed rules for foreign investment in construction.

DLF gained 3.9 percent, Sobha Developers was up 2.3 percent.

A lower-than-expected increase in wheat support prices also aided sentiment.