Stock Market Closing News—Sensex up 299 pts, Nifty at 8723

Consolidating for second consecutive day, the market ended with some robust gains ahead of Fed meet. The Sensex ended up 298.67 points or 1 percent at 28736.38 and the Nifty was up 90.15 points or 1 percent at 8723.30. About 1355 shares have advanced, 1461 shares declined, and 197 shares are unchanged.

Hindalco surged 5 percent while Sesa Sterlite and Dr Reddy's Labs gained up 3-4 percent. Axis Bank and BHEL were other top gainers in the Sensex. Among the losers were Infosys, Bharti Airtel, Wipro, Coal Indi and HUL.
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