Sensex surges 500 points on US Fed rate cut optimism

While Sensex jumped 595.02 points to 72,696.71 in early trade, Nifty climbed 181.85 points to 22,020.95. Following the Federal Reserve’s decision to keep interest rates steady, which was in line with expectations, US stocks ended at record highs on Wednesday. Moreover, the Fed remained consistent with its plan for three interest rate reductions this year.