Sensex on the rise, to touch 28K by December

The US Federal Reserve's assertion that interest rates would not be raised continued to be greeted by the stock markets the world over for over a week now. Sensex that started today with 50 points on the up did not look back, ending the day at 25,285.37, an increase of 332.63 points or improvement of 1.33%. In terms of money, it had benefited the investors Rs.1.18 lakh crore. National Stock Exchange indicator Nifty gained 99.90 points, ending at 7,704.25 points. Forty companies registered gains. These included Hindustan Liver, SBIN, Bharati Airtel, Sunpharma, LT and Tata Motors. Public Sector Banks stocks have come alive, but analysts fear problems on this front. Still, Sensex is expected to hit 28,000 by December. Nifty 50 maybe headed towards 8,000 owing to positive global cues. Rupee appreciated for the fourth session, up 4 paise to 66.46 against the US dollar.