Sensex jumps 600 points, Nifty crosses 25,500 for 1st time

Benchmark stock market indices hit all-time highs on Thursday after the US Federal Reserve cut interest rates by 50 bps.
The S&P BSE Sensex was up 758.7 points at 83,706.93 at 9:41 am, while the NSE Nifty gained 215.40 points to trade at 25,592.95.
Most of the broader market indices also gained sharply as volatility fell sharply as analysts expressed optimism about the Fed’s big rate cut.
All the major Nifty sectoral indices gained sharply during early trade, with high-weightage Nifty IT, Nifty Bank and Nifty Financial Services leading from the front.