Indian Stocks Hit Record Highs as Fed Rate Cut Fuels Optimism

Indian stocks surged to all-time highs on Friday following a substantial interest rate cut by the U.S. Federal Reserve and optimism about a smooth economic slowdown. The NSE Nifty 50 (NSEI) and S&P BSE Sensex (BSESN) both climbed by around 1.1% each by 11:10 a.m. IST, marking a historic moment as the Sensex surpassed 84,000 points for the first time ever.

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