Mumbai, Sep 19: The Bombay Stock Exchange (BSE) Sensex today breached the magic 16,000 level to touch an intra-day high of 16,176.88 in opening trade buoyed by the US Federal Reserve's announcement of a 50 basis points cut in fed funds rate to 4.75 per cent from 5.25 per cent.
The Sensex gained 405 points with no losers among the index stocks.
Maruti, HDFC and HDFC Bank gained around 4 per cent each to Rs 914, Rs 2,273 and Rs 1,278, respectively. ONGC, Bharti Airtel and SBI soared by 3.8 per cent each to Rs 883, Rs 863 and Rs 1,755, respectively.
Tata Steel and Reliance jumped by 3 per cent each to Rs 732 and Rs 2,117, respectively. Reliance Communicationsn and Mahindra and Mahindra moved up by 2.7 per cent each to Rs 552 and Rs 727 respectively.
Satyam, ICICI Bank, Infosys and BHEL soared 2.5 per cent each to Rs 432, Rs 949, Rs 1,845 and Rs 1,946, respectively. Wipro, Grasim, Tata Motors and ITC are up over 2 per cent each at Rs 454, Rs 3,330, Rs 711 and Rs 184, respectively.
The National Stock Exchange (NSE) Nifty also soared above the 4,600 levels to touch an intra-day high of 4,698.20.