Mumbai: Market benchmark BSE Sensex rallied over 255 points and the NSE Nifty recaptured the 7,500-mark today on widespread gains amid a firming trend at other Asian bourses after the Federal Reserve signalled a slower pace of interest-rate hike this year.

The 30-share barometer rose 255.75 points, or 1.03 percent, to 24,938.23. The gauge had gained 131.31 points in the previous session.

ICICI Bank, Adani Ports, GAIL, ONGC, Tata Steel, Tata Motors, Bharti Airtel, Maruti Suzuki, HDFC Ltd, SBI, L&T, BHEL, Axis Bank and RIL contributed to the upsurge.

Also, the NSE Nifty reclaimed the crucial 7,500-mark by climbing 84.15 points, or 1.12 percent, to 7,582.90.

Equity brokers said trading sentiments buoyed largely in tandem with a rally at other Asian markets after the U.S. Federal Reserve kept interest rates unchanged and signalled a slower pace of interest-rate hikes this year.

In the rest of Asia, Hong Kong's Hang Seng rose 1.35 percent while Japan's Nikkei edged up 1.39 percent in early trade today.

The U.S. Dow Jones Industrial Average ended 0.43 percent higher in yesterday's trade.

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