The Fed's interest rate cut is a positive factor for Indian equities as it boosts global liquidity, potentially attracting more foreign funds. However, concerns over high valuations continue to loom large.

Mahindra & Mahindra, JSW Steel, Maruti, Tata Steel, Larsen & Toubro, ICICI Bank, Power Grid, Nestle, Bharti Airtel and Adani Ports led the gains

Indian markets were headed for a mildly positive open on Wednesday ahead of the US Federal Reserve's policy decision announcement later in the day.

The 30-share BSE Sensex surged 439.75 points to 83,624.55 in early trade, while the NSE Nifty rose 132.05 points to 25,547.85. Among the top gainers from the 30 Sensex firms were JSW Steel, Tata Steel,

BSE Sensex and NSE Nifty50 – opened on Thursday at record highs, with both indices up 1% from the previous session's closing,

The S P BSE Sensex ended 236.57 points higher at 83,184.80, while the NSE Nifty50 settled 38.25 points higher at 25,415.80. Both the indices had hit fresh all-time highs in early trade.

The 30-share BSE Sensex zoomed 1,359.51 points or 1.63 per cent to close at 84,544.31. The index made a new lifetime high of 84,694.46.

Twelve of the 13 major sectors logged gains, with metals leading sectoral gainers with a 1.75% climb and all 15 of its constituents were in the green

Benchmark equity indices Sensex and Nifty surged to their fresh record high levels in early trade on Thursday after the US Federal Reserve cut its benchmark interest rate after more than four years.

India's NSE Nifty 50 and S&P BSE Sensex are trailing only Wall Street's Nasdaq and S&P 500 as top-performing indexes this year, with analysts expecting the rally to extend into 2025. The Nifty and Sensex have gained 18.