India’s equity benchmark indices ended with modest gains after hitting record highs in intra-day trade, following the US Federal Reserve’s decision to cut interest rates by 50 basis points. At the close, the Sensex gained 236 points, or 0.2 percent, to reach 83,184, while the NSE Nifty was marginally up 38 points, or 0.1 percent, at 25,415.

Indian rupee appreciated seven paise to close at 83 rupees 68 paise against the US dollar. The dollar index, which indicates US dollar’s strength against a basket of six other leading currencies, is trading at 100.67 in intra-day trade.