Major Wall Street indexes surged to record highs on Thursday, boosted by gains in global markets and a rise in Treasury yields. Investors’ risk appetite was heightened as the Federal Reserve initiated its first rate-cutting cycle in more than four years, according to a report by Reuters.

The Nifty formed a Doji candle on the daily chart near its all-time high, which may be signaling short-term hesitation ahead of the US Fed meeting due later this week with the Street expectations that it might start with an outsized rate cut.

The S P BSE Sensex was up 965 points to 84,149.80 at 11:30 am, while the NSE Nifty50 gained 276.60 points to trade at 25,692.40.

Will BSE Sensex breach 85,000-mark? Optimism grows as US Federal Reserve rate cut sparks market surge. All eyes on Indian economy.

Wall Street stocks hit record highs as the Federal Reserve cut interest rates to support the labor market. Dow rose 1.3%, S&P 500 1.7% and Nasdaq 2.5%. Nike replaces CEO John Donahoe with Elliott Hill,

Stock Market LIVE Updates | Sensex and Nifty hit a record high on Thursday, driven by gains in information technology stocks, following the U.S. Federal Reserve decision to initiate its monetary easing cycle with a substantial 50-basis-point rate cut.

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai

The two key equity benchmark indices, Sensex and Nifty, on Thursday hit their all-time highs following US Federal Reserve announced a 50 bps rate cut on Wednesday evening. At 9.40 am, the BSE Sensex 637 points to 83,