Rally was seen in power and utilities indices, which were up over 1% each, followed by gains in auto and metal stocks. Some profit taking was seen in banks, telecom and consumer durables.
Stock market today: Sensex closed with a gain of 128 points, or 0.17 per cent, at 74,611.11 while the Nifty settled at 22,648.20, up 43 points, or 0.19 per cent.
Fed Chair Jerome Powell s remarks over the unlikelihood of more rate hikes eased concerns across global markets, there by lifting sentiment for stocks.