Sensex, Nifty at all-time high as US Fed announces rate cut ...Middle East

Mumbai: India frontline indices opened at an all-time high on Thursday after the US Federal Reserve cut rates by a wider 50 basis points and kicked off an easing cycle that is likely to see rates fall further. At 9.39 a.m., Sensex was up 687 points or 0.83 per cent at 83,635 and Nifty was up 197 points or 0.78 per cent at 25,575. Banking stocks led the markets. Nifty Bank was up 468 points or 0.89 per cent at 53,246. In early trade, Sensex and Nifty made a new all-time high of 83,684 and 25,587 respectively. Almost all Sensex shares were in the green. NTPC, Wipro, Axis Bank, Tech Mahindra, Infosys, Bajaj Finance, TCS, Kotak Mahindra Bank, Tata Motors, HDFC Bank, TCS and Sun Pharma were top

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