BSE Smallcap index relatively underperformed broader markets, registering gains of 0.24 per cent to close at 26,039.27. 

At 11.45 am on Thursday, the core equity indices i.e., Sensex and Nifty 50 were trading higher by 1.30 per cent each after reaching their day’s high of 1.57 per cent. This surge in their levels comes after Federal Reserve Chairman finally hiked the funds' rates by 50 basis points on Wednesday.   

Fed Chairman also made clear that it is not planning to hike the rates by 75 basis points in the upcoming meeting in June.   

March 23, 2022 marks the second anniversary since the market crashed and touched its lowest poins due to the outbreak of pandemic and declaration of lockdown. Since the same day, Nifty has managed to travel a long way by registering attractive 127 per cent return.