Mumbai, Sep 19: The Bombay Stock Exchange (BSE) 30 share sensitive index (Sensex) crossed 16,000 mark at it’s opening on Wednesday. NSE Nifty also opened strong after strong global cues. After US Federal Reserve announced cut in key interest rate for the first time in four years, the bulls took charge of Indian Stock Markets.

The Sensex gained 405 points with no losers among the index stocks.

Maruti, HDFC and HDFC Bank gained around 4 per cent each to Rs 914, Rs 2,273 and Rs 1,278, respectively.

ONGC, Bharti Airtel and SBI soared by 3.8 per cent each to Rs 883, Rs 863 and Rs 1,755, respectively.

Tata Steel and Reliance jumped by 3 per cent each to Rs 732 and Rs 2,117, respectively.

Reliance Communicationsn and Mahindra and Mahindra moved up by 2.7 per cent each to Rs 552 and Rs 727 respectively.

Satyam, ICICI Bank, Infosys and BHEL soared 2.5 per cent each to Rs 432, Rs 949, Rs 1,845 and Rs 1,946, respectively.

Wipro, Grasim, Tata Motors and ITC are up over 2 per cent each at Rs 454, Rs 3,330, Rs 711 and Rs 184, respectively. (With Inputs from ANI)