ET Market Watch: Sensex rises 970 pts, Nifty at 21,456 after US Fed policy outcome

Nifty IT rallied 4.5%, while Nifty Metal and Nifty PSU Bank surged over 2%. Whereas Nifty Auto, FMCG, Media, and Realty declined. The rise in IT stocks comes after the Fed acknowledged it is making real progress in easing inflation while maintaining a rate pause.