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September 21, 2024 6:34 PM

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Sensex, Nifty Hit Record Highs as US Fed Rate Cut Boosts Markets

In the volatile week ended on September 20, the broader indices rallied to a fresh all-time high following a more than anticipated interest rate cut by the US Fed. However, for the week, BSE Mid and Small-cap indices ended on a flat note, while the Large-cap index rose 1.5 percent.

 

In the week, BSE Sensex surged 1,653 points, or 1.99 percent, to end at 84,544, while the Nifty50 index added 434 points, or 1.71 percent, to finish at 25,791. On September 20, the BSE Sensex and Nifty hit fresh highs of 84,694 and 25,849, respectively.