Mumbai: Snapping a two-day downtrend, the benchmark Sensex today rose over 138 points on the back of gains in IT, power and auto scrips amid positive global sentiments on hopes Fed would keep interest rates low for now.

The 30-share BSE barometer closed at 26,631.29 points, up by 138.78 points, or 0.52 per cent over last close after rising to 26,682.64 intra-day. In the previous two sessions, the index lost 568.53 points as foreign funds and retail investors pulled off cash off the table on fears the Fed will bring forward its timetable for hiking rates as the economy picks up speed.