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The S&P BSE Sensex surged over 200 points in morning trade on Thursday after the US Federal Reserve maintained its status-quo stance on the key benchmark rate, after reduced the number of interest rate hikes expected this year to two from four earlier.The Nifty50 reclaimed its crucial psychological level of 7,550 supported by gains in realty, power, oil & gas, metal, consumer durable, and banking stocks. The Sensex has closed higher by 131 points on Wednesday while the 50-share Nifty50 ended at 7,498.

Indian shares clawed back losses to close higher on Wednesday, led by gains in beaten-down healthcare stocks such as Lupin and as a rise in crude oil prices propped up global markets.The benchmark BSE index rose 0.53 percent to end at 24,682.48, while the broader NSE index ended up 0.51 percent at 7,498.75.