Sensex hits record high post US rate cut, M&M leads gainers, market bullish on global cues, potential for further gains.

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,

Stock Market LIVE Updates | On Thursday, benchmark indices Sensex and Nifty reached new all-time highs, following positive global trends after the US Federal Reserve implemented its first interest rate cut in over four years.

By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares climbed to a record high on Thursday, buoyed by expectations of a rise in foreign inflows after the U.S. Federal Reserve kicked off its monetary easing cycle with a large half-percentage point rate reduction.

Some analysts had said the 50 basis point cut was already priced in by the market, but others said it would be positive for emerging markets such as India, bringing greater foreign inflows over time.