Sensex jumps 1,022.50 points; Nifty inches near record high on U.S. fed rate cut hopes

Market snapshot

The 30-share BSE Sensex jumped 1,022.50 points or 1.21% to settle at 85,609.51 on the day. During trading, the index surged as much as 1,057.18 points — a gain of 1.24% — reaching an intraday high of 85,644.19.

How the session unfolded

Trading saw a strong upward move, with the index hitting its intraday peak before cooling slightly toward the close. The gap between the intraday high and the final close was narrow, showing sustained buying interest through much of the session.

Quick facts

  • Close: 85,609.51
  • Intraday high: 85,644.19
  • Gain: 1,022.50 points (1.21%)
  • Peak intraday gain: 1,057.18 points (1.24%)

Why this matters

A move of this size in the benchmark index reflects broadly positive sentiment among investors. It can lift related benchmarks and often boosts confidence across equity markets, especially if gains are backed by steady volumes and broad participation.

What to watch next

Investors will likely watch upcoming economic data, corporate earnings and global cues to see whether the momentum continues. Short-term trends could hinge on news flow and market reactions in the next trading sessions.

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