Mumbai : The Sensex and Nifty soared to new record highs at the open on September 19, driven by enthusiasm following the US Federal Reserve’s overnight decision to cut interest rates by 50 basis points. Rate-sensitive sectors, particularly banking and IT, led the charge.
The Sensex reached an all-time high of 83,773, while the Nifty 50 crossed a major milestone, hitting 25,611. By 9:45 AM, the Sensex had risen 820 points, or 1%, to 83,769, and the Nifty had gained 231 points, standing at 25,609. In the broader market, 1,854 stocks advanced, 1,134 declined, and 129 remained unchanged.
At 11 am, the Sensex was at 83,388.84, up by 440.61 or 0.53% and the Nifty at 25,511 points, up 131.20 points.
The positive momentum extended to midcap and smallcap stocks, with both the BSE Midcap and Smallcap indices climbing over 0.5%. Meanwhile, the India VIX, a measure of market volatility, dropped nearly 9% to 12, indicating reduced uncertainty.