Explained: Why Dalal Street is rallying today

BSE Sensex, Nifty50 update: Indian benchmark equity indices reached a new all-time high following the US Federal Reserve’s announcement of an end to its tightening cycle and a dovish stance on interest rates. The BSE Sensex and Nifty50 saw significant gains, with the market capitalization of listed companies on BSE rising by Rs 3 lakh crore.