Rs 3 lakh cr added! Sensex soars 900 points to fresh high as Fed rate cut hope triggers rally
Indian benchmark equity indices opened at a new all-time high on Thursday after the US Federal Reserve flagged the end of its tightening cycle and struck a dovish tone on the interest rate outlook. Gains were seen across all the sectors.
The BSE Sensex was trading 900 points higher at 70,485. Nifty50 was trading at 21,177, up 251 points at around 10 am.
Meanwhile, the market capitalisation of all listed companies on BSE increased by Rs 3 lakh crore to Rs 354.19 lakh crore.