Sensex, Nifty Reach All-Time High As US Fed Declares Rate Cut

Mumbai: Benchmark equity indices Sensex and Nifty soared to their new record high levels in early trade on Thursday. This was linked to the benchmark interest rate cut announced by US Federal Reserve after more than four years.

The 30-share BSE Sensex jumped 735.95 points to reach all-time high of 83,684.18 in early trade. The NSE Nifty also surged 209.55 points to soar to a fresh record peak of 25,587.10.

From the 30 Sensex firms, NTPC, Axis Bank, Tata Motors, Tata Consultancy Services, Bharti Airtel, Tech Mahindra, Infosys and HDFC Bank were the biggest gainers.