<p>Mumbai: Benchmark BSE Sensex jumped 388 points to breach the 82,000-level for the first time while broader Nifty spurted 108 points to hit the record 25,000-mark in early trade on Thursday after the US Federal Reserve indicated a rate cut by September.</p><p>The 30-share BSE Sensex soared 388.15 points, or 0.47 per cent, to hit an all-time intra-day high of 82,129.49 in early trade.</p><p>The broader Nifty of NSE scaled the record 25,000 level for the first time, rising 127.15 points, or 0.50 per cent, to 25,078.30.</p><p>Among Sensex shares, Maruti rose 2.93 per cent following its stellar June quarter results.</p><p>Adani Ports, Power Grid, JSW Steel, and Tata Steel were also among major gainers.</p>.AI PCs offer an opportunity for further growth of HP's market share in India: Vineet Gehani.<p>Gains in index heavyweights HDFC Bank, Reliance Industries, and ICICI Bank shot the index to record high levels.</p><p>On the other hand, M&M, Sun Pharma, ITC, Infosys and TCS were among the losers, capping index gains.</p><p>"The Fed chief signalling a possible rate cut in September is positive for global equity markets. More important, his comments that the US economy is normalising is a shot in the arm for bulls," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.</p><p>Indicating a rate cut by September, US Federal Reserve Chair Jerome Powell said that progress has been made in reducing inflation to the 2 per cent target which is a sign that the Fed is moving closer toward reducing the key interest rate for the first time in four years.</p><p>In Asian markets, Tokyo, Shanghai and Hong Kong were trading in the negative territory while Seoul was in the green on Thursday.</p><p>Foreign institutional investors were net sellers in the capital markets on Wednesday and offloaded shares worth Rs 3,462.36 crore, according to exchange data.</p>
<p>Mumbai: Benchmark BSE Sensex jumped 388 points to breach the 82,000-level for the first time while broader Nifty spurted 108 points to hit the record 25,000-mark in early trade on Thursday after the US Federal Reserve indicated a rate cut by September.</p><p>The 30-share BSE Sensex soared 388.15 points, or 0.47 per cent, to hit an all-time intra-day high of 82,129.49 in early trade.</p><p>The broader Nifty of NSE scaled the record 25,000 level for the first time, rising 127.15 points, or 0.50 per cent, to 25,078.30.</p><p>Among Sensex shares, Maruti rose 2.93 per cent following its stellar June quarter results.</p><p>Adani Ports, Power Grid, JSW Steel, and Tata Steel were also among major gainers.</p>.AI PCs offer an opportunity for further growth of HP's market share in India: Vineet Gehani.<p>Gains in index heavyweights HDFC Bank, Reliance Industries, and ICICI Bank shot the index to record high levels.</p><p>On the other hand, M&M, Sun Pharma, ITC, Infosys and TCS were among the losers, capping index gains.</p><p>"The Fed chief signalling a possible rate cut in September is positive for global equity markets. More important, his comments that the US economy is normalising is a shot in the arm for bulls," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.</p><p>Indicating a rate cut by September, US Federal Reserve Chair Jerome Powell said that progress has been made in reducing inflation to the 2 per cent target which is a sign that the Fed is moving closer toward reducing the key interest rate for the first time in four years.</p><p>In Asian markets, Tokyo, Shanghai and Hong Kong were trading in the negative territory while Seoul was in the green on Thursday.</p><p>Foreign institutional investors were net sellers in the capital markets on Wednesday and offloaded shares worth Rs 3,462.36 crore, according to exchange data.</p>