The stock market is surging ahead on July F&O expiry day. The BSE Sensex is up 198.50 points or 0.7 percent at 27761.93 and the NSE Nifty is up 57.60 points or 0.7 percent at 8432.65. About 1387 shares have advanced, 440 shares declined, and 94 shares are unchanged.
Cipla, HDFC, Bharti Airtel, ONGC and HUL are top gainers while Sun Pharma, GAIL, TCS, Infosys and ITC are among laggards in the Sensex.
The US Federal Reserve kept rates unchanged, giving no hint of lift-off coming in the next meeting. Policymakers said the economy is expanding moderately, but made no mention of recent volatility around Greece or China.
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