The BSE barometer has gone up by 745 points in the last five sessions and now stands at over two-week high levels. In a two-day monetary policy meet concluded yesterday, the US Federal Reserve Chairwoman Janet Yellen left key interest rates unchanged near zero.

"...although policy will be data-dependent, economic conditions are currently anticipated to evolve in a manner that will warrant only gradual increases in the target federal funds rate," Yellen said.

Above-normal progress in monsoon, rise in the rupee by 34 paise to 63.78 in late afternoon deals supported the rally. "Indices continue to stay cheerful with the Fed meet outcome of keeping interest rate unchanged. Strengthening of rupee to a three-month strong level cheered the sentiment," said Gaurav Jain, Director of Hem Securities.

The 30-share BSE gauge opened on a strong footing and picked up momentum on sustained across-the-board buying to reclaim the 27,000-mark and touched high of 27,175.39.

The index finally settled 283.17 points higher or 1.06 percent at 27,115.83. The 50-share NSE Nifty index recaptured the 8,100-mark by rising 83.05 points or 1.03 percent to close at 8,174.60.

Among Sensex gainers, RIL topped the list by climbing over 5 percent on continued optimism about the company's plans to start 4G phone services later this year.

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