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.

For the ninth straight session, the benchmark Sensex maintained its upward rally by gaining more than 115 points in the early trading on the BSE today on funds buying.

The 30-share Sensex added another 115.46 points to 15,580.86 in first five minutes of trading as fund continued buying in heavy-weight stock.

Likewise, the wide-based NSE’s Nifty ascended by 28.25 points at 4507.50.