Mumbai, Dec 13 (PTI) Market on Tuesday shrugged off a widely expected US interest rate hike as the benchmark Sensex bounced 183 points to close at 26,698, with auto, IT, oil and gas shares keeping up the momentum.
At the close, Nifty retook the key 8,200-mark, driven by gains in RIL and ONGC stocks.
Consumer price index-based retail inflation is scheduled for release on Tuesday.
Buying picked up after Asian stocks recovered from early bouts of weakness to end higher ahead of the start of a two-day US Federal Reserve meeting, which is due to start later on Tuesday.
The rate-setting panel is widely expected to hike its key interest rate after a two-day meeting that begins later on Tuesday.
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