India's Sensex and Nifty reached new all-time highs after the US Federal Reserve cut interest rates by 50 basis points, sparking optimism in global markets. By 9:39 a.m., the Sensex rose 687 points to 83,635, and Nifty increased by 197 points to 25,575.
Banking stocks led the surge, with the Nifty Bank index up 468 points. Market experts believe this rate cut may lead to further rate reductions in India, benefiting sectors like banking. Smallcap and midcap stocks also showed positive movement.