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Boosted by strong global cues, the market has opened strong after Federal Reserve has hiked interest rates after nine years.

          The Nifty is up 45.40 points or 0.6 percent at 7796.30 and the Sensex is up 150.63 points or 0.6 percent at 25645. The 50-share index touched 7800 in early trade. About 822 shares have advanced, 139 shares declined, and 31 shares are unchanged.

          Asian stock markets jumped as investors chose to take an historic hike in US interest rates as a mark of confidence in the world's largest economy, though the good cheer did not extend to oil where oversupply again pressured prices.

           The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signalling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.

            Asian governments and central bankers breathed a collective sigh of relief on Thursday after currencies edged up and stocks rallied rather than recoiled at the U.S. Federal Reserve’s decision to raise interest rates.

          Mohan Shenoi, Kotak Mahindra Bank says with the uncertainty gone, EM equities and currencies are expected to rally today. He expects the USD-INR pair to trade today in a range of Rs 66.35-66.70/USD.

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