Sensex, Nifty hit record highs; investors gain Rs 3 lakh cr on Federal Reserve rate cut

Sensex, Nifty hit record highs; investors gain Rs 3 lakh cr on Federal Reserve rate cut

Sensex and Nifty opened higher on Thursday after the US Federal Reserve announced a 50 basis points (bps) rate cut. Sensex climbed 575 pts to 83,521 and Nifty rose 163 points to 25,540 in early deals. The indices also hit their record highs of 83,563 and 25,559 today.